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Tesla Inc's (NASDAQ: TSLA) fourth-quarter results could be "a relative blowout" compared with Wall Street expectations, said Wedbush analyst Daniel Ives Sunday.The Party Is Just Beginning: Ives based his analysis on robust delivery numbers, which have already been reported along with cost efficiency and tax credit "tailwinds.""It appears the EV party is just getting started," said the analyst pointing to the robust demand in China for such vehicles.Maintains Tesla Targets: Ives maintained his Neutral rating and $950 price target on Tesla and said that "after a bull run for the ages Tesla's stock could continue to be range bound until the Street gets a better sense of the growth trajectory for Model 3/Model Y unit volumes for 2021." The Wedbush analyst kept his bull case target of $1,250 intact.See also: Tesla Gets ,250 Bull Case Target From Wedbush As EV Market Remains Its World Where Others 'Paying Rent'Expect Robust Tech Season: The analyst is bullish on other tech stocks which as well as the earnings season kicks in. "In our opinion, despite the historic run we have seen in tech stocks over the past year, there is significant room to run higher as the transformational growth stories in cloud, cyber security, and 5G are just starting to play out in the field," Ives in a separate note. Microsoft Corp. (NASDAQ: MSFT) and Apple Inc. (NASDAQ: AAPL) also report earnings this week.Firm On Tech in 2021: Despite the gains tech stocks saw last year, Ives gave a "green light" to own tech stocks. "Our unwavering view is that tech stocks could have another 25%+ upward move in the cards for 2021," the veteran tech analyst said. Price Action: Tesla shares closed 0.2% higher at $846.44 on Friday and gained 0.1% in the after-hours session. Related Link: Tesla Reaching T Valuation In 2 Years? Here's What Inspires Daniel Ives' Optimistic TargetClick here to check out Benzinga's EV Hub for the latest electric vehicles news.Latest Ratings for TSLA DateFirmActionFromTo Jan 2021JP MorganMaintainsUnderweight Jan 2021OppenheimerMaintainsOutperform Jan 2021WedbushMaintainsNeutral View More Analyst Ratings for TSLA View the Latest Analyst RatingsSee more from Benzinga * Click here for options trades from Benzinga * Tesla Cybertruck Loses Out To Ford F-150 In Cox Survey Of US Pickup Buyers * Tesla 'Not A Competitor At All' In Self-Driving Space, Says Waymo CEO(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
GameStop (GME) shares were up more than 50% during the first minutes of Monday’s session before they were temporarily halted following a massive short squeeze on the stock.
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Freeport-McMoRan Inc. (FCX) awoke from the dead in 2020, entering the first uptrend since the first quarter of 2018 and doubling in price into year end. If met, earnings per share (EPS) would mark an impressive twenty-fold profit increase compared to the same quarter in 2020. Freeport has partially recovered from a long-term commodity decline that ended in 2020, fueled by government stimulus that could signal the start of a multi-decade inflation wave.
Tesla shares are on the rise as analysts continue to roll out expectations for even better days ahead for the electric car maker.
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After the FANGs, FAANGs and MAGAs, another acronym taking the investment world by storm is FANGMAN. This acronym is used by traders to refer to stocks of seven of the biggest tech companies in the world.The combined market capitalization of these stocks is about $7.9 trillion, which is roughly 25% of the total market capitalization of S&P 500 companies. To put things in perspective, the combined market cap of these seven stocks is more than the GDP of Japan, Germany or India, which are the third, fourth and fifth largest economies of the world, respectively.The ConstituentsThe stocks in the FANGMAN group are: * Facebook, Inc. Common Stock (NASDAQ: FB) * Amazon.com, Inc. (NASDAQ: AMZN) * Netflix Inc (NASDAQ: NFLX) * Alphabet Inc Class A (NASDAQ: GOOGL) * Microsoft Corporation (NASDAQ: MSFT) * Apple Inc (NASDAQ: AAPL) and * NVIDIA Corporation (NASDAQ: NVDA)Buoying S&P 500 Performance: 2020 was a year marred by the COVID-19 pandemic that led to economic contraction worldwide due to disruptions to businesses and other activities. The stock market, given its forward-looking approach, weathered the setback and ended the year with gains.For instance, the S&P 500 Index ended 2020 at a record high and in the process generated a return of 16.2% for the year. The FANGMAN stocks played a big role int that as they outperformed the broader gauge: * Facebook: 33% * Amazon: 76.3% * Netflix: 67.1% * Alphabet: 30.9% * Microsoft: 42.5% * Apple: 82.3% * Nvidia: 129.3%Related Link: 10 Things Apple Investors May Wish For In 2021 FANGMAN, A Predictor of Stock Market Moves? Given the outsized weighting in different indices, it is logical to view FANGMAN stocks as a good predictor of which way the broader market is headed.FANGMAN Invariably Outperforms Market: For those investors who are looking for above-market returns, or "high-alpha" stocks, FANGMAN could be the better bet. These stocks outperform the broader market, thanks to their transformational business models, high growth and financial might, among other things.FANGMAN In Bubble Territory? From the perspective of topline growth, earnings potential and prospects, it is evident that the lofty valuations are justified. Higher P/E multiples of some of these stocks imply investors are willing to pay a premium to partake in their growth.Investors see them as compelling, as they are most levered to the digital transformation that is picking up pace.But the stretched valuations of these stocks could conjure up fears of a deep correction.One of the biggest risks faced by these companies is regulatory scrutiny. Analysts see the changing of the guard at the White House as a slight negative for these high-flying names."To be blunt, it's a clear negative for Big Tech as ultimately with a Senate now likely controlled by Democrats we would expect much more scrutiny and sharper teeth around FAANG names, with potential (although still a low risk) legislative changes to current antitrust laws now on the table," Wedbush analyst Daniel Ives said in a Jan. 6 note.That said, the analyst remains bullish on tech stocks for 2021, but sees the tech rally will be more tame until the Street gets a better sense of the legislative agenda under President Joe Biden.Related Link: Why This Wedbush Analyst Expects A Year-End Tech Rally Photo by Daisy Anderson from PexelsSee more from Benzinga * Click here for options trades from Benzinga * The Week Ahead In Biotech (Jan 24-30): J&J, Lilly to Kickstart Big Pharma Earnings, Amgen FDA Decision and More * 8 Intel Analysts On Q4 Report: Why Some See Difficult Years Ahead For Chipmaker(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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(Bloomberg) -- Apparel retailer Express Inc. skyrocketed Monday, extending its meteoric rally with record volume as retail investors touted the company across various social media platforms including Reddit message boards.Shares of Columbus, Ohio-based Express rallied about 123% in early trading after gaining for a third week. The stock had advanced 97% this year through Friday. More than 90 million shares have traded so far today -- about 10 times the amount that change hands in an average day for Walmart Inc. -- after trading a record 77 million on Friday.Express has been the subject of Reddit boards where users speculated whether it could be the next GameStop, the video-games retailer that is surging again today. GameStop, together with other heavily shorted stocks like Bed Bath & Beyond Inc. and AMC Entertainment Holdings Inc. all surged last week as they continued to gain popularity among retail investors.Express short interest stands at about 14% of the free float, according data from S3 Partners.(Updated share price moves throughout and adds fresh chart.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Ford Motor Company's (NYSE: F) all-electric F-150 is the more popular choice among buyers in the United States than Tesla Inc's (NASDAQ: TSLA) Cybertruck, according to research by Cox Automotive.What Happened: The study based on 155 in-market consumers was published last week and concluded that three in five consumers found the F-150 pickup truck appealing -- which Cox attributed to familiarity.The respondents were shown images of each vehicle, without brand and model indicators and minus product details.Ford was popular among those surveyed in terms of appeal, winning over 59% of the respondents. General Motors Company (NYSE: GM) Hummer Electric Vehicle took second place at 41%.Amazon.com, Inc (NASDAQ: AMZN) and Ford-backed Rivian came ahead of Tesla at 39%. The Elon Musk-led automaker's Cybertruck came in at the last spot at 19%. In terms of consideration, Ford led the pack at 45%, with three-quarters of respondents likely to consider the vehicle. Tesla came in second at 32%, Hummer at 28%, and Rivian at 25%."Tesla and Rivian R1T scored well with younger buyers, and Rivian performed well among female buyers as well," said Vanessa Ton, senior manager, Cox Automotive.Why It Matters: The non-traditional look of the Tesla Cybertruck didn't impress potential buyers, according to the study.Price, performance, design, and size matter the most to potential EV truck customers, while the brand name and work use were the least important."Ford leads in every attribute except tech advanced, where Hummer and Rivian are nearly tied for the lead," according to Cox Automotive.See Also: Ford's Electric F-150 Coming In 2022, Over-The-Air Updates PlannedTesla was ranked the lowest among important attributes that matter the most to pickup truck shoppers, as per the study.See Also: Jay Leno Takes Elon Musk For A Drive In A Tesla CybertruckPrice Action: Ford shares closed mostly unchanged on Friday at $11.52 and gained 0.43% in the after-hours session. On the same day, Tesla shares closed 0.2% higher at $846.44 and gained 0.1% in the after-hours session. Click here to check out Benzinga's EV Hub for the latest electric vehicles news.See more from Benzinga * Click here for options trades from Benzinga * Tesla 'Not A Competitor At All' In Self-Driving Space, Says Waymo CEO * Tesla Secures Top Spot In JD Power's Survey Of Premium EV Owners(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
German drone technology startup Wingcopter has raised a $22 million Series A – its first significant venture capital raise after mostly bootstrapping. The company, which focuses on drone delivery, has come a long way since its founding in 2017, having developed, built and flown its Wingcopter 178 heavy-lift cargo delivery drone using its proprietary and patented tilt-rotor propellant mechanism, which combines all the benefits of vertical take-off and landing with the advantages of fixed-wing aircraft for longer distance horizontal flight. Wingcopter CEO and founder Tom Plümmer explained to the in an interview that the addition of an SV-based investor is particularly important to the startup, since it's in the process of preparing its entry into the U.S., with plans for an American facility, both for flight testing to satisfy FAA requirements for operational certification, as well as eventually for U.S.-based drone production.
There hasn’t been a quarterly report like this for industrial giant General Electric in a long time—and that raises the stakes for investors happy with recent stock price performance.
Goldman Sachs sounds the alarm on some very hot tech stocks.
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