Elon Musk's record salary package at $Tesla Motors(TSLA)$ has been rejected again by a Delaware judge, despite shareholder approval. Judge Kathaleen St. J. McCormick upheld her initial decision from January, ruling that the board was overly influenced by Musk when it adopted the plan in 2018.The stock option plan, initially valued at $2.6 billion, had soared to $56 billion when canceled and is now worth $101.5 billion based on Monday's closing price.The ruling could lead to significant losses for Musk, though he remains the world's richest person. Tesla shares fell 1.4% in after-hours trading.Musk has 30 days to appeal the decision, and Tesla has stated it will challenge the ruling, arguing that it undermines shareholders' rights. McCormick found
$PDD Holdings Inc(PDD)$ has beaten earnings estimates in six consecutive quarters. And there are reasons to believe that this win streak could continue. Bullish analysts point to the company’s overseas expansion as a growth catalyst, specifically noting the launch of Temu in North America as a way to target price-sensitive consumers.Nevertheless, increase in competition that will make it difficult to maintain market share. Indeed, Amazon is challenging Temu head-on with its own discount platform that will only carry items that cost less than $20.
$Sea Ltd(SE)$’s rally appears to have priced in strong revenue for the latest quarter, Morgan Stanley analysts wrote in a note in October. Margins in the e-commerce business “may be lower than buy-side expectations, which may lead to the stock giving up some of the recent gains”.
$Palantir Technologies Inc.(PLTR)$ CEO sold $254 Million worth of shares. Chief Legal Officer sold over $5M worth... earnings next week...r/wallstreetbets - PLTR CEO sold $254 Million worth of shares. Chief Legal Officer sold over $5M worth... earnings next week...Some say its founder Thiel might also dump several hundred million.How do you view the insiders selling stock before earnings?
$Advanced Micro Devices(AMD)$ dips nearly 8% after guidance misses.Revenue increased by 18% year-over-year to $6.82 billion, surpassing market expectations of $6.71 billion. Adjusted EPS: $0.92, in line with market expectations.Revenue and gross margin slightly misses guidance.Looking ahead, the company expects Q4 revenue to be approximately $7.5 billion, slightly lower than analyst forecast is $7.55 billion. Although the company currently anticipates that sales of AI accelerators will exceed $5 billion this year, up from a previous forecast of $4.5 billion, some analysts and investors have been hoping for higher sales figures. AMD's projected adjusted gross margin for the Q4 is also slightly below market expectations.In summary,
The TOKEN2049 conference kicked off today, September 18, 2024, at Marina Bay Sands in Singapore. Ethereum co-founder Vitalik Buterin, one of the event’s key speakers, made waves with his keynote address on the current state of the crypto industry.
Eli Lilly is set to become the 1st trillion dollar health-care stock
Eli Lilly has been having major wins since their earnings. They’re drugs are no longer in shortage, Zepound was found to have cardiovascular benefits, and their once a week insulin is showing equal results to daily insulin injections.The cardiovascular benefits from zepound is huge because patient insurances are more likely to cover drugs like this, without patients having to try other medications since it’s an actual benefit that no other fat loss meds have and it help lower the risk of their patients being in the hospital, which will save insurance companies more money at the end.The weekly insulin is HUGE. The biggest complaints patients have is the amount of times they have to inject themselves throughout the day. The benefit this will have, is that both type 1 and type 2 diabetics can
Tom Lee remains optimistic about tech and Nvidia, stating that the rapid rebound in U.S. stocks also demonstrates the current market's strength.According to Seeking Alpha's August sentiment survey, 32% of investors believe $S&P 500(.SPX)$ will stay at the 5600 level, while 41.5% believe it will reach 5800 points.
Elon Musk announced an unscripted, no-limits interview with former U.S. President Donald Trump, set to be live-streamed on X at 8 p.m. Eastern Time on Monday. Musk described the conversation as "highly entertaining," while Trump, confirming the interview in a social media post, referred to it as a "major interview" scheduled for August 12.
The focus will be on the post-meeting press conference with Fed Chair Jerome Powell. Everyone will be listening for any hints about a widely anticipated September rate cut.
$CrowdStrike Holdings, Inc.(CRWD)$ There is a workaround but a lot of users won’t be able to do it so there will still be plenty of manual intervention required.The losses would be huge.
Microsoft’s cloud services have been restored after suffering an outage, the company said on Friday.The U.S. tech giant said late on Thursday that customers in the Central U.S. region may experience issues with multiple Azure services and its Microsoft 365 suite of apps.
It's impossible to comment on whether this was staged or truly a display of calm under pressure. This image truly has a poetic quality.Bullishn on $Sony(SONY)$ :)
I believe Micron will bring us positive news. As the nvidia meeting will be held on Wednesday.Gonna buy a little bit $Micron Technology(MU)$ as the company retreated a lot last Friday.My target price is higher than $160.
I’m not sure. Need to watch out tonight.US stock market faces the quarterly "Triple Witching" tonight.It could bring unexpected short-term volatility due to record-setting options expirations.If the market declines further, I might buy a put to hedge.
be cautious before wednesday.Stuart Kaiser, Head of U.S. Equity Trading Strategy at Citigroup, stated that investors should prepare for stock market volatility on the day of the Fed's rate decision. The trading strategist expects this could be the largest fluctuation in the U.S. stock market since March 2023.