The catalyst that sent the electric vehicle (EV) maker plunging was quarterly vehicle deliveries that fell short of expectations. In a press release that dropped Sunday, Tesla revealed its third-quarter production and delivery numbers, and while the growth was robust, investors wanted more. In its press release, Tesla addressed the issue, saying, "Historically, our delivery volumes have skewed toward the end of each quarter ... [but] as our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity."
Shares of the electric vehicle (EV) maker Rivian Automotive (NASDAQ: RIVN) were sliding this morning on seemingly no company-specific news. Instead, investors may be reacting to the fact that fellow EV maker Tesla delivered fewer vehicles in the third quarter than Wall Street was estimating. EV investors often look to other companies to gauge how well the industry is doing, and it appears that Rivian shareholders took Tesla's latest vehicle production and delivery numbers as a troubling sign for other EV companies.
Recently, Zacks.com users have been paying close attention to Medical Properties (MPW). This makes it worthwhile to examine what the stock has in store.
Yahoo Finance’s Jared Blikre breaks down how markets opened on Monday.
High-yield savings accounts are paying more than they have since 2009. Here's Cuban's advice on how much to save now.
The semiconductor industry has experienced shortages and rapid increases in demand amid the explosion of new tech applications. Current CEO Pat Gelsinger seeks to get Intel back on top with initiatives to retake the technical lead and invest heavily in new foundries. Despite the focus on the likes of Nvidia and AMD, Intel remains an industry behemoth.
Reinvesting all the dividend payouts you receive from this stock could double your initial investment in four short years.
AT&T (T) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Bluebird Bio has received a lot of attention for pricing two FDA-approved gene therapies at around $3 million, but its financial future remains uncertain.
Eli Lilly (NYSE: LLY) was already having a great year in the stock market, but on Sept. 28, the company's shares jumped by about 7%. The move happened after biotech giant Biogen and its partner Esai reported positive top-line results from a phase 3 clinical trial for an Alzheimer's disease (AD) therapy candidate, lecanemab. Eli Lilly is working on its own AD treatment, donanemab, and the market counted Biogen's win as Eli Lilly's too.
Tesla deliveries in the third quarter hit a record, but missed views as EV giant faces China demand concerns. How will Tesla stock react?
In this article, we discuss 11 best cruise stocks to buy right now. If you want to see more stocks in this selection, check out 5 Best Cruise Stocks To Buy Right Now. The cruise industry was one of the hardest hit tourism sectors amid the peak COVID years. However, CNN Travel expects a meaningfully […]
Investors who were attracted by a big yield learned a difficult lesson about mortgage REITs over the past decade with AGNC Investment.
(Bloomberg) -- Pakistan’s small textile mills, which make products ranging from bedsheets to towels mainly for consumers in the US and Europe, are starting to shut after devastating floods wiped out its cotton crop.Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Slumps as Deliveries Disappoint Due to Logistic SnarlsOPEC+ to Consider Output Cut of More Than 1 Million BarrelsUkraine Latest: Zelenskiy Says Lyman ‘Fully Cleared’ of RussiansGet Ready for Anoth
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
(Bloomberg) -- Home prices in the US have taken a turn and are now posting the biggest monthly declines since 2009. Most Read from BloombergCredit Suisse Turmoil Deepens With Record Stock, CDS LevelsTesla Falls Most Since June as Quarterly Deliveries DisappointCredit Suisse Market Turmoil Deepens After Memo BackfiresStocks Stage Oversold Comeback as ISM Sinks Yields: Markets WrapOPEC+ Set to Discuss 1 Million-Barrel Output Cut as Demand SlowsMedian home prices fell 0.98% in August from a month e
This year has served as a not-so-pleasant reminder that stocks don't move up in a straight line -- even if last year made the investment community believe that's what happened. A combination of historically high inflation, an incredibly hawkish Federal Reserve, and back-to-back quarters of gross domestic product declines has sent all three major U.S. indexes plunging into a bear market. While bear markets can be scary and produce some jaw-dropping volatility, they're also known for creating once-in-a-generation buying opportunities for long-term investors.
How does the Fed affect the rest of us? Here's an explainer, and when to expect lower prices for groceries, possibly higher unemployment, and what you can do for now
The recent 4.1% drop in General Electric Company's ( NYSE:GE ) stock could come as a blow to insiders who purchased...
Local experiences, streaming TV, and designer goods may not seem like recession-resistant industries, but these stocks at new lows have more to offer than you may think.