For more than two years, Carvana (CVNA) enjoyed an uptrend. Shares bottomed below $8.00 and peaked last November 2024 at $268.34. Last Friday, CVNA stock fell by 11.22% to close at $177.16. Famed short-seller Hindenburg Research challenged Wall Street analysts by issuing a bearish report. The firm bet against the used automotive seller. In its…
For the first week of 2025, which ended Jan. 4, stocks closed lower. Although the S&P 500 (IVV) and Nasdaq (QQQ) jumped by 1.26% and 1.77% respectively, volatility increased. Technology investors bought Nvidia (NVDA) and Super Micro (SMCI), along with nuclear energy suppliers like Vistra (VST) and Constellation Energy (CEG). Fortunately, the broad rally suggests…
Last Friday, Rivian Automotive (RIVN) jumped by 24.45%. The firm posted delivery figures that exceeded expectations. The company is no longer constrained by the supply disruption. Rivian delivered 14,183 vehicles in the quarter ended Dec. 31, 2024. On average, 15 analysts expected 13,472 units. The firm produced 12,727 units. In contrast, Tesla (TSLA) posted a…
The U.S. steel industry is in trouble. Joe Biden blocked Nippon Steel’s attempt to buy US Steel (X). The Japanese firm is offering $14.9 billion for the American steel firm. Biden wants US Steel to remain American-owned. To help complete the deal, Nippon offered the steelworker union job protection. It would also keep the plants…
Liverpool captain Virgil van Dijk does not believe team-mate Trent Alexander-Arnold’s poor performance against Manchester United was because the right-back was impacted by talk about his future.Liverpool captain Virgil van Dijk does not believe team-mate Trent Alexander-Arnold’s poor performance against Manchester United was because the right-back was impacted by talk about his future. BBC Sport
A former Bradford Bulls rugby player charged with rape has fled to Papua New Guinea, a court hears.A former Bradford Bulls rugby player charged with rape has fled to Papua New Guinea, a court hears. BBC News
Microsoft’s (MSFT) plans to spend $80 billion is another boost for the artificial intelligence sector. The software giant plans to invest in data centers in fiscal 2025. Microsoft needs more hardware to power AI. The company said that it needs large-scale infrastructure investments to serve as the essential foundation of AI innovation and use. Microsoft…
Three technology stocks gained over 10% last Friday’s trade. Arm Holdings (ARM) gained 10.05%. The speculation increased after Nasdaq (QQQ) added 1.77% on the day. ARM has strong growth, profitability, and momentum. ARM stock valuations are highly unfavorable. Its non-GAAP P/E is over five times higher than the sector median. Super Micro Computer (SMCI) rose…
Monday, January 6, 2025 10:07 AM EST – Kelt Exploration Ltd. : Is providing financial and operating guidance for 2025. The Company expects to incur $328.0 million in capital expenditures during the year and is forecasting to generate $345.0 million in adjusted funds from operations in 2025. Kelt Exploration Ltd. (T.KEL ) shares were up…
Lucid Group (NASDAQ:LCID) on Monday reported record quarterly vehicle deliveries for the fourth quarter and confirmed production of more than 9,000 vehicles in 2024 — meeting a previously announced target. The electric vehicle manufacturer reported production of 9,029 units and deliveries of 10,241 cars in 2024. That included production of 3,386 units and delivery of…
