2024-11-19

Morgan Stanley upgrades fintech stock, sees almost 30% upside from here

Accelerating earnings growth should drive shares of Futu Holdings higher, according to Morgan Stanley. The investment bank upgraded the fintech stock to overweight from equal weight and raised its price target by $45 to $115. That reflects around 29% upside from Friday’s close. “It’s still early-stage, but the accelerating franchise expansion in Singapore this year gives us more confidence…

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2024-10-12

Tesla (TSLA) stock drops after Cybercab robotaxi reveal

Tesla unveils its “Cybercab” on October 10, 2024 in Burbank, California. Source: Tesla  Tesla shares closed down nearly 9% on Friday after the electric vehicle company’s long-awaited robotaxi event failed to impress investors. CEO Elon Musk unveiled the firm’s Cybercab self-driving concept car — a low, silver two-seater, with no steering wheels or pedals — on Thursday night, at the…

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2024-09-05

Nvidia stock up after drop wiped out almost $300 billion

Nvidia CEO Jensen Huang speaks during Computex 2024 in Taipei on June 4, 2024.  I-hwa Cheng | AFP | Getty Images Nvidia shares fell nearly 2% on Wednesday, after briefly recovering from a pre-market slip after Bloomberg reported that the company received a subpoena from the Department of Justice as part of an antitrust investigation. Nvidia denied on Wednesday…

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2024-09-03

stock moves, earnings and the latest data releases

City of London skyline on 6th March 2024 in London, United Kingdom.  Mike Kemp | In Pictures | Getty Images LONDON — European stocks closed flat on the first trading day in September as investors considered the outlook for markets. The pan-European Stoxx 600 closed 0.04% lower, with regional bourses and sectors diverging. Retail stocks ended 0.77% lower, while…

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