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Nasdaq TSLA Tesla

Best Growth Stock to Buy: Tesla Stock vs. Nvidia Stock

3 years 8 months ago
Tesla (NASDAQ: TSLA) is riding a secular tailwind as consumer adoption of electric vehicles, or EVs, soars. Meanwhile, Nvidia (NASDAQ: NVDA) faces near-term headwinds with more inventory than it would like. This video will answer which is the better growth stock to buy.

Why Tesla Stock Dropped Monday

3 years 8 months ago
What happened Tesla (NASDAQ: TSLA) shares are starting the week on a down note. The stock began 2023 with impressive gains of more than 50% as many investors bought the dip after a 65% correction in 2022.

Nasdaq 100 Movers: TSLA, MSFT

3 years 8 months ago
In early trading on Monday, shares of Microsoft topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.5%. Year to date, Microsoft registers a 13.5% gain.

S&P 500 Movers: FIS, SEDG

3 years 8 months ago
In early trading on Monday, shares of SolarEdge Technologies topped the list of the day's best performing components of the S&P 500 index, trading up 2.9%. Year to date, SolarEdge Technologies registers a 9.2% gain.

3 Stocks to Avoid This Week

3 years 8 months ago
Wall Street proved mortal for the fifth trading week of 2023. My "three stocks to avoid," which I thought were going to lose to the market in the past week -- Tesla Motors, Apple, and 1-800-Flowers.com -- rose 4%, fell 2%, and plunged 12%, respectively, averaging out to an 3.3% d

Can Rivian Ramp Up Production Before Its Cash Burns Up?

3 years 8 months ago
Electric vehicle (EV) maker Rivian Automotive Inc. (NASDAQ: RIVN) is racing to ramp up production before the cash runs out. It produces and delivers EVs. It needs to bolster its production since low production on a high line results in more significant losses. The more it can pr

2 Laggards of 2022 are Outperforming in 2023; Should You Invest?

3 years 8 months ago
Tesla ( NASDAQ:TSLA ) and Nvidia ( NASDAQ:NVDA ) stocks declined over 65% and 50%, respectively, in 2022, significantly underperforming the benchmark index. However, both of these stocks quickly recovered in 2023. TSLA gained about 60%, while NVDA marked an increase of approximately 46% year-to-date. While both of these stocks outperformed the S&P 500 Index ( SPX ) this year, analysts’ one-year price targets show limited or no further upside. Let’s dig deeper.   Is Tesla Stock Likely to Go Up? The consensus 12-month price target of $199.78 on TSLA stock suggests a limited upside of 1.47% over the next 12 months. Notably, Tesla stock jumped this year following its CEO  Elon Musk’s positive commentary about demand and production during the Q4 (fourth quarter) conference call. Meanwhile, the company is seeing solid orders that are outpacing production.  However, economic uncertainty and pressure on consumer spending indicate a contraction in the automotive market in 2023, which could restrict the upside.  Tesla stock has received 21 Buys, six Holds, and three Sells for a Moderate Buy consensus rating. While analysts see limited upside, hedge funds are bullish about TSLA stock. Our data shows that hedge funds  bought 1.2M shares of TSLA last quarter. Overall, TSLA stock has an Outperform Score of nine on TipRanks. What is the Prediction for Nvidia Stock?  The demand uncertainty, slowdown in the end market, and inventory issues dragged  NVDA stock lower in 2022. However, inventory issues are waning, which is a positive for semiconductor stocks like NVDA. Furthermore, the company will likely benefit from new products, including AI (artificial intelligence) and high-performance computing applications. In addition, Nvidia will likely benefit from the momentum in the Data Center segment. The company is returning a significant amount of cash to its shareholders through share buybacks and dividends. However, positives appear to be priced in. Also, global macroeconomic uncertainty could pose challenges in the short term.  Nvidia stock has a Strong Buy consensus rating on TipRanks based on 22 Buy, five Hold, and one Sell recommendations. However, analysts’ average price target of $209.19 implies a downside of 1.63% from current levels. Besides for analysts, hedge funds are also bullish about NVDA stock. Hedge funds bought 10.2M shares in the last three months. Also, NVDA stock  scores a “Perfect 10” on TipRanks’ Smart Score system. Note: Shares with a  “Perfect 10” Smart Score have historically outperformed the benchmark index.  Bottom Line TSLA and NVDA stocks outperformed the broader markets in 2023. Moreover, both of these companies have an Outperform Smart Score on TipRanks. However, given the recent surge in their stock prices, the positives appear to be priced in.  Disclosure

3 Hot Stocks That Are Absurdly Cheap Right Now

3 years 8 months ago
There are always undervalued companies on the stock market, but there are even more opportunities today than a year or two ago. Not only are price-to-earnings multiples low for many companies, but growth opportunities aren't being appreciated either.
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