Powell's rate comments, tech giants to report - what's moving markets

Tesla (TSLA) sinks as SAP moves away from EV giant

Tesla's (NASDAQ: TSLA) stock dropped nearly 6% on Monday following reports that German software firm SAP would stop buying electric cars from the company.

Tesla's shares fell to $177.27, the lowest since May 2023, and has traded down 28% this year. The decline accelerated after Tesla projected "notably lower" delivery growth in... More

Global BEV sales reach a new high

Bank of America tracked electric vehicle sales for December and FY 2023 finding in December 2023 that global Battery Electric Vehicle (BEV) sales achieved a record high of 1.1 million units, marking a 19% YoY increase and pushing the penetration rate beyond 14% for the first time.

China experienced a resurgence in BEV sales, rising by 38% YoY in December and 32% in the 4Q. Meanwhile, the EU saw a 20% decline in December due to the phasing out of subsidies the previous... More

Citi's Take on Apple (AAPL) and Hon Hai Jan Revenue Implications

Citi analyst Atif Malik reiterated a Buy rating and $225.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "Hon Hai, ~ 50% Apple sales exposure, reported Jan revenue before the market open with +13% M/M (above 3-year seasonal average of -21%)... More

The fate of the 'Magnificent 7' depends on rapid revenue growth in 2024 - Goldman Sachs

According to Goldman Sachs chief U.S. equity strategist David Kostin, the fate of the "Magnificent 7" stocks depends on their ability to deliver rapid revenue growth in 2024.

The Magnificent 7 stocks are Tesla (NASDAQ: TSLA), NVIDIA (NASDAQ: NVDA), Meta Platforms... More

7 Themes to watch in 2024

Goldman Sachs recently released its January update, presenting the "Top Themes" that their analysts believe investors should watch in 2024. Alongside this, the equity research firm made notable changes to its Conviction List, adding Parker Hannifan (NYSE: PH) and Textron (NYSE: TXT) while removing Bath & Body Works (NYSE: BBWI), Boeing (NYSE: BA), Shift4 Payments (NYSE: FOUR), and AIG (NYSE: AIG).

The Conviction List is Goldman Sachs' strategic approach to identifying... More

These IT hardware and equipment stocks should benefit from AI in 2024

Goldman Sachs believes that for IT hardware and equipment stocks in 2024, the AI beneficiaries should continue to outperform.

Analyst Michael Ng said the investment bank is "bullish on hardware AI beneficiaries entering 2024 as evidence of AI tailwinds become more evident for OEM server suppliers and hyperscaler Ethernet switch suppliers."

He highlighted six buy-rated names they see as a buy:

Arista Networks (NYSE: ANET):... More

Buy any undue correction in quality AI leaders says UBS

The investment case for artificial intelligence is still intact, according to analysts at UBS on Friday, with the bank saying that companies with a clear AI roadmap are benefiting from secular tailwinds.

"We believe the investment case on tech, including AI, remains intact and recommend investors use any undue correction in quality AI leaders as a buying opportunity," wrote the... More

Activist investors target change at Tesla (TSLA) following Elon Musk pay ruling

In a recent development, activist investors targeting Tesla's (NASDAQ: TSLA) board for allegedly failing to curb CEO Elon Musk's influence believe a recent court ruling on Musk's $56 billion stock compensation may be the catalyst they need for meaningful reforms.

The pivotal moment arrived with a Delaware judge voiding Musk's record-breaking compensation, signaling... More

U.S. regulators upgrade Tesla (TSLA) power steering probe

U.S. safety regulators have upgraded their probe into Tesla (NASDAQ: TSLA) and are looking more closely into power steering issues in the companys vehicles, taking the next step toward a potential recall.

The National Highway Traffic Safety Administration (NHTSA) announced an investigation covering around 334,000... More

Tesla (TSLA) recalls nearly 2.2M EV's in US

Electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) is recalling nearly 2.2 million EVs in the U.S. due to the size of the font on the vehicles warning lights.

According to the NHTSA release, Tesla's chosen font size for the affected vehicles fails... More

Tesla China (TSLA) offers cash discounts on select Model Y EVs

Tesla (NASDAQ: TSLA) China moves to attract more customers by offering cash discounts and introducing cutting-edge hardware upgrades for its popular Model Y vehicles.

The company announced a cash discount of 8,000 yuan ($1,114) for specific types of Model Y vehicles, starting from Thursday,... More

Tesla’s (TSLA) Elon Musk seeks shareholder vote to incorporate in Texas

In a late Wednesday announcement, Tesla CEO Elon Musk revealed plans to conduct a shareholder vote to decide whether to shift its state of incorporation to Texas.

Musk conducted an informal poll on X (formerly Twitter), where over 80% of respondents favored the move. Following this, Musk expressed the... More