It's safe to say that Bank of America(BAC3.39%), the second-largest bank by assets in the U.S., is a completely different bank than it was after the Great Recession, when shares fell below $4. Chief Executive Officer Brian Moynihan has done an excellent job of turning the bank around and building a much more durable operation with much stronger earnings power. Toward the end of 2021, Bank of America traded at its highest stock price since 2007, at more than $49 per share, albeit it was a period when most stocks traded at elevated valuations. Since then, its stock has fallen back to roughly $34 per share. Let's take a look at where Bank of America could be at the end of 2023, in a little less than a year and a half.Stronger earnings comingThe good news is stronger earnings are almost c

Teladoc Health, Inc.TDOC is set to report second-quarter 2022 results on Jul 27, after the closing bell.In the last reported quarter, the virtual healthcare services provider’s adjusted loss per share of 47 cents was narrower than the Zacks Consensus Estimate of a loss of 55 cents, primarily due to increased visits and memberships as well as higher utilization. Solid contribution from access and visit fees benefited the results. The positives were partially offset by a rise in expenses due to massive impairment charges.Let’s see how things have shaped up prior to the second-quarter earnings announcement.Trend in Estimate RevisionThe Zacks Consensus Estimate for second-quarter loss per share of 71 cents has witnessed no movement in the past week. The estimated figure suggests a 17.4% improv

What happened Shares of EV start-upRivian Automotive(RIVN-9.33%)took a hit immediately after the company released its fourth-quarter and full-year 2021 financial update on March 10. Investors particularly didn't like the operational update and 2022 production guidance. The stock recovered some in the ensuing weeks, but a recent Securities and Exchange Commission (SEC) filing has investors spooked once again. That helped cause a decline of 8.6% in Rivian shares today, as of 1:50 p.m. ET. So what In its quarterly report, Rivian said several factors led it to reduce its production volume guidance for 2022. Though the company said it has the capacity to manufacture 50,000 vehicles, it said it only anticipated 25,000 will be produced this year. The company identified headwinds including a plann

Chinese tech stocks slumped as weak corporate earnings coupled with a dimming global growth outlook intensified selling. The Hang Seng Tech Index closed 4% lower on Thursday, with Alibaba Group Holding Ltd. and Tencent Holdings Ltd. and weighing the most. The latter tumbled 6.5% after the tech behemoth reported its slowest revenue gain since going public in 2004. Xiaomi Corp. also fell ahead of its earnings release later in the day. READ: Tencent Plunges After Warning Tech Crackdown Won’t End Quickly Thursday’s rout tracks a global selloff, sparked by disappointing earnings from US consumer stalwarts that suggested an economic downturn may be on its way. For China tech, top officials’ repeated commitments to support the battered sector -- the latest from Premier Li Keqiang late Wednesday -

EV maker’s stock chart has averaged one death cross a year over the past 10 years A bearish “death cross” pattern has appeared in Tesla Inc.’s stock chart on Thursday, but history suggests it isn’t as ominous as it sounds. A death cross is when the widely-followed 50-day moving average, a short-term trend tracker, crosses below the closely watched 200-day moving average, which is viewed by many as a dividing line between longer-term uptrends and downtrends. Many technicians believe that cross marks the spot where a shorter-term pullback morphs into a longer-term downtrend. Keep in mind that death cross patterns aren’t always good market-timing tools, as they are well telegraphed, but they can help put a stock’s recent performance in historical perspective. Tesla’s stockTSLA,+7.33%rallied 7