To The Moon

The Dow Jones Industrial Average reaching 40,000 was a milestone for investors last week, but a top Wall Street forecaster sees even bigger gains ahead, thanks to earnings.Yardeni Research's chief investment strategist, Ed Yardeni, told clients in a note that the index DJIA was on track for a 50% rise to 60,000 by 2030, and the S&P 500 SPX could see a rise to 8,000. The Dow closed above 40,000 for the first time ever on Friday."That target could be achieved with a forward P/E [price/earnings estimate] of 20 and forward earnings at $400 per share, up 60% from an estimated $250 per share this year. We think that's possible in our Roaring 2020s scenario," said Yardeni.Yardeni's Roaring 20s scenario assumes S&P 500 companies collectively report earnings per share growth of at least 8.8% per year, the historical average rate since 1936. If growth rates of nominal and real GDP exceed their averages of 6.3% and 3.1%, respectively, since the last 1940s, that EPS expansion could speed up."That

The Dow Jones Industrial Average reaching 40,000 was a milestone for investors last week, but a top Wall Street forecaster sees even bigger gains ahead, thanks to earnings.Yardeni Research's chief investment strategist, Ed Yardeni, told clients in a note that the index DJIA was on track for a 50% rise to 60,000 by 2030, and the S&P 500 SPX could see a rise to 8,000. The Dow closed above 40,000 for the first time ever on Friday."That target could be achieved with a forward P/E [price/earnings estimate] of 20 and forward earnings at $400 per share, up 60% from an estimated $250 per share this year. We think that's possible in our Roaring 2020s scenario," said Yardeni.Yardeni's Roaring 20s scenario assumes S&P 500 companies collectively report earnings per share growth of at least 8.8% per year, the historical average rate since 1936. If growth rates of nominal and real GDP exceed their averages of 6.3% and 3.1%, respectively, since the last 1940s, that EPS expansion could speed up."That

Nvidia (NASDAQ:NVDA) shares snapped their six-day winning streak on Tuesday, closing 2.5% lower at $925.95. The chipmaker has surged 258% in the last 12-months, vastly outperforming the 33% gain of th

Shortages never last forever.

Goldman Sachs downgraded Apple to Neutral from Buy as part of the firm's "US Conviction List - Directors' Cut" for March. Apple shares dropped 1.4% in morning trading Friday.Goldman Sachs' “Conviction

U.S. stocks ended sharply up on Thursday, with the S&P 500 approaching record highs as AI optimism drove gains in Nvidia and other chipmakers.The S&P 500 climbed 0.88% to end the session at 4,780.94 p

Stock's RSI momentum indicator rises to its highest level in six months. Nvidia Corp.'s stock chart shows that, after the stock's continued surge into record territory, it is now technically the most overbought it has been in six months - but that doesn't mean the rally is over.In fact, some chart watchers believe the stock's recent breakout marks the beginning of the next leg of the uptrend, which could propel the stock above the $600 level.Katie Stockton, technical analyst at Fairlead Strategies, said the breakout was a "bullish medium-term development," as it resolved a four-month trading range with a definitive up move."The breakout resumes [Nvidia's] long-term uptrend for an initial projection of $602," Stockton wrote in a recent note to clients.The semiconductor and artificial-intelligence play's stock rose 2.1% in afternoon trading Wednesday, toward a fifth straight gain and a third straight record close. It has soared 14% over the past five sessions, the best five-day performa

TOPLINENvidia stock rose to a fresh all-time high Tuesday, as the artificial intelligence heavyweight continues to provide market-beating gains for investors in the new year.Nvidia's billionaire CEO J

Elon Musk believes that Tesla (TSLA) can reach a $4 trillion valuation if they “knock the ball out of the park” a few times.

Tesla has maintained its position as a market leader in electric vehicle sales with a 20% market share in Q2 2023.Catalysts for Tesla's growth include strong market share, improved profit margins, and growing EV demand.Analyst consensus underestimates the transition to green transportation and its impact on Tesla.Justin Sullivan/Getty Images News It's time for a revisit to Tesla, Inc. since our last coverage of the stock. Tesla has increased production above our previous forecasts, which is great, and has managed to maintain its position as a market leader in terms of electric vehicle Sales with an astonishing market share of 20% in Q2 2023, equivalent to 2021 years levels, only with a temporary dip in 2022. Catalysts So, what is needed to take Tesla to new highs?