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At close: October 17 at 2:11 PM GMT+2

AppLovin gets price target lift from BofA Securities

AppLovin (APP) has received bullish sentiment from BofA Securities, with the financial institution nearly doubling its price target for the mobile technology company. BofA has raised its target from $120 to $210 per share, citing that current market valuations for AppLovin are undervaluing the company's potential. Furthermore, BofA suggests that Wall Street has not fully appreciated the extent of AppLovin's growth and transformation. Market Domination Co-Hosts Jared Blikre and Josh Lipton dive into the details. 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

Yahoo Finance Video 3 minutes ago

APP
Elon Musk's million-dollar promises and Kamala Harris’s record haul heat up end of 2024 money race

One of the final campaign finance deadlines before Election Day and a wild weekend on the campaign trail underlined two key trends as the 2024 campaign cash race nears an end.

Yahoo Finance 2 hours ago

TSLA
Tesla earnings: Investors want 'more specifics' on affordable EV

Tesla (TSLA) will report third quarter earnings this Wednesday, October 23. The EV maker is the first member of the Magnificent Seven group of tech stocks to report quarterly results this earnings season. AutoGuide editorial director Greg Migliore likens investor expectations to "a tale of two Teslas... there's what Tesla is doing right now, which is its current automotive business, and then what it's going to do in the next year, next two years." Migliore sits down with Seana Smith and Madison Mills to talk about what investors will be paying attention to in this earnings print after Tesla's "underwhelming" Cybercab reveal at its Robotaxi Day event earlier this month. He discerns between what investors want from Tesla and CEO Elon Musk's own vision for his company as he pivots the auto company more toward AI and automation. "I think investors and shoppers, for that matter, are getting confused, and maybe annoyed, that this affordable vehicle is not quite on track like it appears to be. I think people want more specifics as to what it will be," Migliore says about the vague timeline for Tesla's affordable $30,000 electric vehicle. "We've heard sort of conflicting things that it could be on an all new platform. It could also be like a version of some of its existing vehicles. So I think people want details on that and I think there's a source of frustration around it." Migliore also weighs in on whether Musk's campaigning alongside former President Donald Trump could pose a risk for Tesla and its stock. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.

Yahoo Finance Video 4 hours ago

TSLA
How the new Boeing CEO could turn the company around

Boeing (BA) has reached a tentative agreement with striking workers from the International Association of Machinists union, which could put an end to the five-week-long strike. Jason Gursky, Citi managing director, aerospace and defense lead analyst, joins Morning Brief to discuss the news and Boeing's overall outlook as its new CEO seeks to turn the company around. Grusky notes that the gross wage increase in this version of the agreement is higher, which Gursky calls a step "in the right direction." As the agreement heads to a vote on Wednesday, he adds that the company will find out "whether it was a big enough step." As Boeing seeks to shore up $35 billion more to boost its balance sheet, he notes that its earnings call on Wednesday will be key for investors to learn what the plan is for the company moving forward under new CEO Kelly Ortberg: "What I expect to hear from him is that he's going to get engaged in cost-cutting as a way to increase the outlook for profitability. I suspect that they'll begin talking about product and customer pruning and trying to get out of businesses that don't have paths to profitability for them, again, as a way of increasing the structural profitability of the company. And then perhaps engaging in some divestments as a way to raise some liquidity... The sacred cows, I think, at Boeing are commercial aircraft, fighter jets, and helicopters. And I suspect that everything else is likely to be evaluated for either potential wind down or sale as the company looks to turn itself around." While some investors are worried about the risk of a potential bankruptcy for Boeing, Gursky believes that the company is nowhere near that point. "The demand outlook here for the company is very robust. We have a backlog that stretches out well into the next decade, and what the company needs to figure out how to do is to better execute here in the near to medium term so that it can start generating some cash," he tells Yahoo Finance. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl

Yahoo Finance Video 6 hours ago

BA
Tesla earnings, Goldman's S&P 500 forecast, Boeing: 3 Things

Electric vehicle manufacturer Tesla (TSLA) will kick off earnings season for Big Tech's Magnificent Seven, reporting its third quarter results on Wednesday, October 23. Investors will be closely watching Tesla's vehicle production figures and guidance after being disappointed by CEO Elon Musk's grand unveiling of the Cybercab robotaxi. While stock futures (ES=F, NQ=F, YM=F) prepare for this busy week for earnings, Goldman Sachs warned that the S&P 500 (^GSPC) may not maintain its above-average performance, writing investors should expect equity returns to be "toward the lower end of their typical performance distribution" over the next decade. Lastly, aircraft manufacturer Boeing (BA) has reportedly reached a tentative agreement with the striking International Association of Machinists and Aerospace Workers (IAM) union with a vote currently set for Wednesday. This coincides with Boeing's expected earnings release date. 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.

Yahoo Finance Video 7 hours ago

BA

ES=F

TSLA
Boeing Rebounds On Union Deal, But Worker Vote, Earnings Just Ahead

Boeing stock rises after the Dow Jones plane maker sends a new offer to striking union members. Boeing reports Q3 results Wednesday.

Investor's Business Daily 4 minutes ago

BA
This Sam Altman Startup Explodes 176% This Month As Nuclear Stocks Heat Up

Oklo — the nuclear power startup backed by OpenAI head Sam Altman — has surged more than 175% in October as major hyperscalers have decided to double down on the nuclear renaissance to fuel data centers and artificial intelligence.

Investor's Business Daily 9 minutes ago

NNE

CEG

VST
Palantir Peer Adds New Buy Point — With This Twist And Some 'Magic'

Shopify stock continues to rebound toward a breakout as the Palantir peer looks to join Nvidia and Meta as a full IBD Leaderboard member.

Investor's Business Daily 10 minutes ago

PLTR

META

SHOP
'Blade Runner 2049' producer sues Elon Musk, Warner Bros. Discovery over Tesla Cybercab launch

'Blade Runner 2049' production company Alcon Entertainment sued Tesla, Elon Musk and Warner Bros. Discovery for copyright infringement. Here's why.

LA Times 33 minutes ago

TSLA
Construction Partners to Acquire Lone Star Paving for $654 Million, Expanding into Texas

The acquisition is expected to close in Q1 of fiscal 2025

GuruFocus.com 39 minutes ago

ROAD
Governor Shapiro Calls for Probe into Musk's $1 Million Daily Giveaway Amid Election Concerns

Elon Musk's $1 million giveaway for voters faces legal scrutiny as Pennsylvania Governor calls for an investigation

GuruFocus.com 44 minutes ago

TSLA
Nvidia Leads AI Chip Gains While Auto and Industrial Semis Falter: Susquehanna

Nvidia and other AI-focused semiconductor firms continue to thrive, benefiting from rising demand in data centers

GuruFocus.com 59 minutes ago

NVDA
Tesla earnings are coming. Here's what to know

Tesla (TSLA) on Wednesday is expected to report its earnings for the July to September quarter, offering a fresh chance for Wall Street to interrogate CEO Elon Musk on his plans.

Quartz 1 hour ago

TSLA
BioVie Inc. Announces Pricing of Registered Direct Offering and Concurrent Private Placement Priced At-the-Market Under Nasdaq Rules

CARSON CITY, Nev., Oct. 21, 2024 (GLOBE NEWSWIRE) -- BioVie Inc. (NASDAQ: BIVI), (“BioVie” or the “Company”), a clinical-stage company developing innovative drug therapies to treat chronic debilitating conditions including liver disease and neurological and neuro-degenerative disorders, today announced the pricing of a registered direct offering of 4,443,000 shares of its common stock priced at-the-market under Nasdaq rules at a price of $1.50 per share, resulting in total gross proceeds of $6,6

GlobeNewswire 1 hour ago

BIVI
Nvidia Stock Hits Intraday Record. Watch Tesla’s Earnings for Signs of What’s Next.

Microsoft, Amazon.com, Google-parent Alphabet and Meta Platform represented more than 40% of the company's revenue in the second quarter.

Barrons.com 1 hour ago

NVDA
Dan Ives Acknowledges Nvidia, Microsoft As 'Core Drivers Of AI' But Sees Palantir, IBM, AMD And Apple Joining The Party As Well

Wedbush Securities analyst Dan Ives forecasts a “robust” third-quarter earnings season for technology companies, citing artificial intelligence adoption, improved enterprise spending, and rebounding digital advertising as key growth drivers. What ...

Benzinga 1 hour ago

NVDA

MSFT

IBM
These Stocks Are Moving the Most Today: Boeing, Kenvue, Cigna, Tesla, Spirit Airlines, UPS, Disney, and More

Boeing and the leaders of its machinists union reach a new tentative agreement that could end a strike that has lasted longer than a month, while a report says activist Starboard Value has taken a sizeable stake in Kenvue. Tesla is scheduled to report earnings Wednesday.

Barrons.com 1 hour ago

SAVE

BA
Think It's Too Late to Buy Nvidia? Here's the Biggest Reason Why There's Still Time.

Check out the data center prediction Jensen Huang made.

Motley Fool 1 hour ago

NVDA

MSFT
Investors Have a Clear Favorite This Year: Tech

Investors have poured more than $18 billion into technology funds this year, more than every other sector tracked by Morningstar combined. Industrials funds have recorded the second-biggest haul, drawing $1.

The Wall Street Journal 2 hours ago

TSLA
Equities Mostly Fall Intraday as Markets Await This Week's Major Earnings

Equities Mostly Fall Intraday as Markets Await This Week's Major Earnings

PREMIUM
MT Newswires 2 hours ago

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Related News

AppLovin gets price target lift from BofA Securities

Elon Musk's million-dollar promises and Kamala Harris’s record haul heat up end of 2024 money race

Tesla earnings: Investors want 'more specifics' on affordable EV

How the new Boeing CEO could turn the company around

Tesla earnings, Goldman's S&P 500 forecast, Boeing: 3 Things

Boeing Rebounds On Union Deal, But Worker Vote, Earnings Just Ahead

This Sam Altman Startup Explodes 176% This Month As Nuclear Stocks Heat Up

Palantir Peer Adds New Buy Point — With This Twist And Some 'Magic'

'Blade Runner 2049' producer sues Elon Musk, Warner Bros. Discovery over Tesla Cybercab launch

Construction Partners to Acquire Lone Star Paving for $654 Million, Expanding into Texas

Governor Shapiro Calls for Probe into Musk's $1 Million Daily Giveaway Amid Election Concerns

Nvidia Leads AI Chip Gains While Auto and Industrial Semis Falter: Susquehanna

Tesla earnings are coming. Here's what to know

BioVie Inc. Announces Pricing of Registered Direct Offering and Concurrent Private Placement Priced At-the-Market Under Nasdaq Rules

Nvidia Stock Hits Intraday Record. Watch Tesla’s Earnings for Signs of What’s Next.

Dan Ives Acknowledges Nvidia, Microsoft As 'Core Drivers Of AI' But Sees Palantir, IBM, AMD And Apple Joining The Party As Well

These Stocks Are Moving the Most Today: Boeing, Kenvue, Cigna, Tesla, Spirit Airlines, UPS, Disney, and More

Think It's Too Late to Buy Nvidia? Here's the Biggest Reason Why There's Still Time.

Investors Have a Clear Favorite This Year: Tech

Equities Mostly Fall Intraday as Markets Await This Week's Major Earnings