PRODUCT OF THE YEAR Why Nvidia's Blackwell chip is leading the AI revolution Taiwan - Delayed Quote • TWD (060144.TW) Follow Compare 3.2900 0.0000 (0.00%) At close: December 10 at 11:26:45 AM GMT+8 Related News Why the Mag 7 trade is far from over: Chart of the Day Bank of America (BAC) released its Global Fund Manager Survey on Tuesday, offering market insights from top institutional, mutual, and hedge fund managers. Today's Chart of the Day features anchor Madison Mills examining the increasing allocation to the Magnificent Seven stocks — Apple (AAPL), Meta Platforms (META), Amazon (AMZN), Microsoft (MSFT), Alphabet (GOOG, GOOGL), Nvidia (NVDA), and Tesla (TSLA) — and exploring the potential for continued growth in this investment trend. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith The Fed could be on the verge of ripping up its rate script for 2025 Investors are betting a final 2024 rate cut is a sure thing from the Federal Reserve, but the bigger question is whether the central bank is ready to scale back what it expects to do in 2025. Fed rate decision, Dow pressured, Nissan-Honda: 3 Things US stock futures (ES=F, NQ=F, YM=F) inch higher Wednesday morning in anticipation of the Federal Reserve's interest rate decision this afternoon. Wall Street currently anticipates the central bank to cut by 25 basis points. After closing lower for the ninth straight session on Tuesday, the Dow Jones Industrial Average (^DJI) is seeing its longest streak of losses since February 1978, weighed down by UnitedHealth Group (UNH), Nvidia (NVDA), and Sherwin-Williams (SHW). Japanese automakers Nissan (NSANY, 7201.T) and Honda (HMC, 7267.T) confirmed reports that they are currently in talks for a possible merger. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Fed decision looms, Nvidia looks to rebound: Yahoo Finance Wall Street is bracing for the Fed’s latest interest rate decision, due out at 2 p.m. ET. Yahoo Finance will bring you the decision live. Nvidia (NVDA) shares are looking to rebound after the Dow (^DJI) component entered correction territory amid recent pressure. The company’s Blackwell chip was just named the Yahoo Finance product of the year. Trending tickers on Yahoo Finance include Teva Pharmaceutical Industries (TEVA), Pfizer (PFE), and Nissan (NSANY). Key guests include:9 a.m. ET - Frances Donald, RBC Chief Economist10 a.m. ET - Jay Woods, Freedom Capital Markets Chief Global Strategist10:15 a.m. ET - Adam Sullivan, Core Scientific CEO10:30 a.m. ET - Mozelle Thompson, Former FTC Commissioner10:45 a.m. ET - Lawrence Yun, National Association of Realtors Chief Economist Why the 'Magnificent 7' rally could be a ‘defensive’ move Wall Street strategists believe investors are seeking safety in the market's most consistent performers as nervousness grows about the path forward for interest rates in 2025. Why the Dow is suddenly in a historic funk The Dow Jones Industrial Average has fallen for nine straight trading sessions, marking its worst losing streak since 1978. A US strategic reserve could push bitcoin to $500K: Bitwise CIO Bitcoin (BTC-USD) is hovering around its all-time high reached earlier this week, currently above $106,000. Bitwise Asset Management CIO Matt Hougan expects bitcoin's run to continue straight from here and even reach $200,000 by this time next year. "The real story is people just wake up to bitcoin at different paces — We saw retail investors get their first, we've seen companies and financial advisors get there, we're starting to see institutions get there," Hougan tells Market Domination's Julie Hyman and Josh Lipton. "And once they realize that bitcoin is not going away, that it belongs in a portfolio, they have to get off zero, get to 1%. Blackrock now says 2%. So it's just this cascading series of educational breakthroughs that brings new people into the market." Bitwise operates several of its own bitcoin (BITB, BITC, BTOP) and crypto (BITQ, BITW) ETFs. Hougan comments on the tailwind a US investment into a strategic bitcoin reserve could bring to the cryptocurrency's pricing, while also touching upon crypto exchange Coinbase Global's (COIN) potential growth. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Luke Carberry Mogan. 'It's a bullish environment for Big Tech': Dan Ives Wedbush Securities has raised its price target on Tesla (TSLA) to a street-high $515 per share, maintaining an Outperform rating on the stock. The analyst behind the call, Managing Director and Global Head of Technology Research Dan Ives, joins Market Domination to weigh in on his Tesla outlook. Ives highlighted the potential impact of the upcoming Trump administration, calling it "a total game changer for Musk." He believes the autonomous technology segment could be valued at $2 trillion or higher by 2025. Regarding potential tariffs, Ives suggests the "bromance" between Musk and Trump will allow Tesla to thrive. "In our view, Tesla ultimately wins because of their presence in China," he explained. Ives believes Musk "made a bet for the ages on Trump" and expects the stock to continue rising. "In some ways, they both need each other," Ives stated. He anticipates their alliance will strengthen, potentially collaborating on AI innovation, China tariff discussions, and Federal Trade Commission (FTC) concerns. "It's a bullish environment for Big Tech," he told Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith Tesla will be the 'biggest winner' in 2025, this analyst says CFRA analyst Garrett Nelson joins Catalysts host Seana Smith to discuss his Tesla (TSLA) outlook for 2025, reaffirming his Buy rating on the stock. "I think the stock is pricing in a much easier regulatory environment for autonomous driving, and we think Tesla has the best technology out there," he tells Yahoo Finance, noting that the stock has surged tremendously since the 2024 election results. "They're really going to be the biggest winner." Nelson explains that President-elect Donald Trump's transition team has identified autonomous driving regulation as "the number one priority" for the Department of Transportation to make autonomous vehicles a "reality." He describes this as "the future of Tesla," which will "unleash" an enormous market opportunity for the company. However, Nelson forecasts that the electric vehicle maker will fall short of its 2025 sales targets. He tells Yahoo Finance: "If they continue to make progress towards getting approval for fully autonomous vehicles, that's really what's going to matter more, and we think investors will be forgiving if they fall short of that guidance." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith Expect a correction in 2025, be ready to buy the dip: Strategist The Federal Reserve may slow down the pace of its rate-easing cycle in 2025. Main Street Research chief investment officer James Demmert tells Morning Brief hosts Seana Smith and Brad Smith this could cause a market (^DJI,^GSPC, ^IXIC) correction, which he says is an opportunity for investors to buy on the dip. “Investors should recognize that ‘25 is going to be really different than ‘24,” Demmert says, also noting that “this rally, which has been really dramatic since July, is starting to look a little bit vulnerable.” Investors need to "prepare themselves emotionally for, let's say, a normal correction of 8% to 12% in markets. We really haven't seen much of that," the CIO continues. "You can also prepare your portfolio by maybe paring some of these giant gains that we've seen in the last couple of years." The strategist adds that 2025's "key point" for investors will be "realizing that the Fed really is already probably at the neutral rate [and] they're probably not going to have to cut very much at all in 2025 because they kind of got the economy where they want it… The market [will] have a nice big correction [and] investors should buy that correction because we're in [the early phases] a bull market.” Watch the video above to learn more about Demmert’s investment strategy heading into 2025. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan. Tesla, crypto miners, Hims & Hers Health: Trending Tickers The Morning Brief team explores the latest stock recommendations from Wall Street analysts. Mizuho analysts have upgraded Tesla (TSLA) stock to Outperform from Neutral, citing potential policy shifts under the upcoming Trump administration. The firm suggests the repealing of EV tax credits by the incoming Trump administration could provide additional upside for the electric vehicle manufacturer. Piper Sandler has initiated coverage on several bitcoin (BTC-USD) miners and crypto firms, including MARA Holdings (MARA), Riot Platforms (RIOT), Hut 8 Mining (HUT), and Galaxy Digital (GLXY.TO) with an Overweight rating. Notably, Piper Sandler singled out MARA Holdings as the most compelling pure-play bitcoin mining stock. Additionally, Morgan Stanley initiated coverage on Hims & Hers Health (HIMS) with an Overweight rating and a $42 per share price target. The firm believes the company is strategically positioned to capitalize on growing personal medication market opportunities. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Magnificent Seven Stocks: Nvidia Stock Rebounds; Tesla Slides From Record Highs Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. And all of them boasted solid year-to-date gains in the final month of 2024. US Stocks Fluctuate in Countdown to Fed Decision: Markets Wrap (Bloomberg) -- US stocks struggled for direction as investors waited for the Federal Reserve’s final policy decision of 2024.Most Read from BloombergHow California Sees the World, and ItselfThe S&P 500 was little changed while the Nasdaq 100 fell 0.4% after both gauges retreated on Tuesday.Subscribe to the Bloomberg Daybreak podcast on Apple, Spotify or anywhere you listen.While a quarter-point Fed interest-rate cut is almost fully priced in for Wednesday, investors will focus on the outlo Is Rivian Stock A Buy Or A Sell Amid 50% Rally Since $6.6 Billion Government Loan? Rivian shares have plummeted 30% in 2024 as the EV startup is looking to challenge Tesla, Ford, General Motors and other autos with its adventure-styled electric vehicles. RIVN shares dropped 3% to 14.23 during market trade on Wednesday after falling 4.2% to 14.70 on Tuesday. Rivian said in the announcement that, if the loan is finalized, it plans to use the federal money for the development and construction of its EV plant in Georgia, which would have an annual production capacity of 400,000 vehicles. Is Tesla Stock A Buy Or A Sell After Latest Price Target Hike During 90% 'Trump Bump'? Tesla is on a 90% tear since Donald Trump's election win, as investors speculate that self-driving is coming soon, with the Trump administration easing the regulatory path for autonomous vehicles. Tesla shares dropped 3.2% to 464.40 during market action on Wednesday after advancing 3.6% to 479.86, hitting a record high of 483.99, on Tuesday. On Sunday, Wedbush Securities analyst Dan Ives, a longtime Tesla bull, raised his Tesla stock price target to 515, up from 400. Tesla stock outlook for 2025 according to a Wall Street analyst Investing.com -- Baird raised its price target for Tesla Inc (NASDAQ:TSLA) to $480 from $280, on strong growth prospects in the automaker, supported by cost reductions, new models, and favourable regulatory dynamics. Voss Capital’s New Core Long: Phinia (PHIN) Voss Capital, LLC an investment management company, released its third-quarter 2024 investor letter. A copy of the letter can be downloaded here. Voss Capital’s funds, Voss Value Fund, LP, and the Voss Value Offshore Fund, Ltd returned +7.6% and+7.4% to investors net of fees and expenses respectively, in the quarter compared to a +9.3% return for […] Carbon Collective Climate Solutions U.S. Equity ETF's Strategic Moves: Spotlight on Nucor Corp Analyzing the Third Quarter 2024 N-PORT Filing Treasury Yields Rise Ahead of Expected Fed Cut 0853 ET – Treasury yields rise ahead of the Fed decision, but have weakened a little on U.S. housing data. The Fed is expected to cut interest rates by 25 basis points and indicate a pause in January, maybe adding a hawkish tone as inflation remains above target and the economy keeps chugging along. 1056 GMT – Government bonds have become a less reliable cushion against selloffs in risky assets such as equities and investors should consider supplementing bond investments with gold or bitcoin, BlackRock says in a note. Possible Bearish Signals With Uber Technologies Insiders Disposing Stock Many Uber Technologies, Inc. ( NYSE:UBER ) insiders ditched their stock over the past year, which may be of interest to...