Dow Jones, Nasdaq, S&P 500 weekly preview: Fed tightening forecasts are inching up

MP Materials (MP) trade down after Tesla (TSLA) announces EV motor with no rare earth metals

Tesla (NASDAQ: TSLA) and CEO Elon Musk held the companys investor day on Wednesday, where the company announced the Tesla has designed a permanent magnet motor that does not use any rare earth materials at all.

Rare earth metals, such as neodymium, dysprosium,... More

Elon Musk speaks on his 'Master Plan' for a future of sustainable energy at Tesla's (TSLA) investor day

Elon Musk and Tesla (NASDAQ: TSLA) held their 2023 investor day today. Musk opened with a presentation of "Master Plan 3", focused on creating a future with sustainable energy.

According to the presentation, in our current combustion energy-based economy, 80% of global energy comes from fossil fuels. However, only 1/3rd of global energy is converted to use for work or heat.

Elon Musk stated during the presentation that, The thing that is needed at a very... More

Tesla (TSLA) working on revamped Model Y

Reuters reports Wednesday, citing three people familiar with the matter, that electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) is readying a production revamp of its top-selling Model Y.

The changes to the Model Y code-named Project Juniper at Tesla - involve the exterior and interior of the crossover electric vehicle... More

Tesla (TSLA) suffers from aging product line as sales slow in China

Data from China Merchants Bank International showed Tuesday that Teslas (NASDAQ: TSLA) sales in China rose last week but were still running short of the pace seen in the fourth quarter, indicating a bump from discounted prices in its biggest overseas market is waning.

According to the data, the electric vehicle maker nearly... More

Mexico announces new Tesla (TSLA) plant to be built in Monterrey

Mexican President Andres Manuel Lopez Obrador announced Tuesday morning that the government has reached an agreement with electric vehicle maker, Tesla (NASDAQ: TSLA) over the company's plan to build a new plant in the northern city of Monterrey.

Speaking at a news... More

Zoom Video (ZM) PT Lowered to $85 at Goldman Sachs

Goldman Sachs analyst Kash Rangan lowered the price target on Zoom Video (NASDAQ: ZM) to $85.00 (from $92.00) while maintaining a Neutral rating.

The analyst comments "Zoom delivered solid F4Q results on tempered investor expectations with revenue, op. margin and FCF coming in above-Consensus, benefiting from solid Enterprise performance (+18% revenue... More

Best Buy (BBY) down to market perform at Telsey ahead of 4Q release

Telsey Advisory Group downgraded Best Buy (NYSE: BBY) to a Market Perform rating (From Outperform) and cut the price target on the stock to $83.00 (From $88.00) ahead of the companys 4Q earnings report. The electronics retailer is expected to report results on Thursday, March 2.

Analyst, Joseph Feldman wrote in a note, In the... More

S&P 500 rally is a bull trap; bear market will resume in March - MS Wilson

The U.S. stock market valuation remains broadly expensive, Morgan Stanleys top equity strategist Michael Wilson warned the brokers clients once again. The S&P 500 closed the week nearly 2.7% lower after falling over 1% on Friday. The index initially printed 5-week lows before racing higher to close at roughly 3970.

Despite a recovery to nearly 4,200 in the S&P 500, Wilson remains of the view that equities are overvalued and a near-term correction is... More