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☆ Musk's bet on Trump is already paying off for Tesla
▼ + stars: | 2024-11-06 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +5 min

Tesla stock surged 12% in premarket trading following Trump's election victory. Musk's big bet on Trump has boosted analysts' confidence in Tesla's future prospects. AdvertisementElon Musk's big bet on Donald Trump is already paying off for Tesla. AdvertisementIn his victory speech early Wednesday, Trump paid tribute to Musk's efforts, calling him a "super genius" and a "new star." Trump win an 'overall negative' for EV industryDespite the surge in Tesla shares, Trump's victory could be bad news for the wider EV market.

Persons: Elon Musk, —, Elon, Donald Trump, Dan Ives, Musk, Gene Munster, Munster, Trump, Tesla's robotaxis Garrett Nelson, Ives, Nelson, Tesla, BYD Organizations: Trump, Service, Fox News, CNN, Electoral, Wedbush Securities, Tesla, Deepwater Asset Management, EV company's, Tesla's, CFRA Research, EV, Business Locations: Tesla, Butler , Pennsylvania, China

☆ Here are Wednesday's biggest analyst calls: Nvidia, Apple, Tesla, Nike, Ferrari, Amazon, Instacart, Spotify & more
▼ + stars: | 2024-11-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Nvidia as buy Goldman said the stock is best positioned ahead of earnings later this month. JPMorgan upgrades Yum China to overweight from neutral JPMorgan upgraded the China operator of brands like KFC following earnings. Wedbush reiterates Tesla as outperform The firm said the EV maker is a big winner of a Trump presidency. Deutsche Bank reiterates Spotify as buy Deutsche said it's bullish heading into the streaming company's earnings report on November 12. JPMorgan downgrades Super Micro to underweight from neutral JPMorgan downgraded the stock following earnings citing too much regulatory uncertainty.

Persons: Bernstein, Apple, Goldman Sachs, Goldman, YUMC, Wedbush, Tesla, Trump, Jefferies, Raymond James, it's, Wells, BURL, Oppenheimer, TD Cowen downgrades Brown, Forman, Cowen, Needham, revs, Ferrari, it's bullish, Mizuho, Monness Crespi Hardt, Snowflake Organizations: Nvidia, JPMorgan, KFC, Trump, Ryman Hospitality, Citi, GE Healthcare, General Electric, Barclays, Tencent, Entertainment, Deutsche Bank, Spotify, Deutsche, Nike, Burlington, GAP, Super Micro, Services, UBS, Ferrari, Data Center, 2027E, Bank of America, of America Locations: China, 2Q24, Snowflake

☆ Stocks making the biggest moves after hours: Qualcomm, HubSpot, Lyft, Bumble and more
▼ + stars: | 2024-11-06 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Qualcomm reported adjusted earnings of $2.69 per share on $10.24 billion in revenue. Wolfspeed — The semiconductor manufacturer tumbled 17% after missing revenue expectations and offering weak guidance for the current quarter. Wolfspeed generated revenue of $195 million in the first fiscal quarter, missing the consensus estimate of analysts polled by LSEG by $5 million. The company said to expect between $160 million and $200 million in revenue during the current quarter, under the $215 million figure expected. HubSpot saw $2.18 in adjusted earnings per share on $669.7 million in revenue, while analysts polled by FactSet forecast $1.91 in earnings per share and $647 million in revenue.

Persons: LSEG, HubSpot, Lyft, Robin, SolarEdge, Donald Trump, Bumble —, Zillow, Darla Mercado, Jesse Pound, Samantha Subin, Sean Conlon Organizations: Qualcomm, Arm Holdings, LSEG, FactSet, Technologies, Bros, Revenue Locations: FactSet, StreetAccount, LSEG

Detailed below is how a Trump presidency is expected to impact American wallets. Trump's plan to cut the corporate tax rate is generally viewed as bullish for earnings, particularly for the consumer-discretionary, communication-services, and financial sectors. Trump's plan for universal tariffs is seen as offsetting a positive tax impact and would be especially costly for lower-earning Americans. Trump has proposed expanding the child tax credit, which currently provides up to $2,000 per child. In August, the vice presidential candidate JD Vance floated a child tax credit proposal that would include $5,000 per child for families of all income levels.

Persons: Donald Trump, —, Trump, bitcoin, Vance Organizations: Trump, Service, Biden, White Locations: Americas

Detailed below is how a second Trump presidency is expected to impact American wallets. Trump's plan to cut the corporate tax rate is generally viewed as bullish for earnings, particularly for the consumer-discretionary, communication-services, and financial sectors. Further, if Trump's presidency is inflationary and leads to interest-rate hikes, that would hit housing affordability in the form of higher mortgage rates, which track the Federal Reserve's benchmark. AdvertisementThe former president has also said he plans to extend his slew of tax cuts from the Tax Cuts and Jobs Act of 2017 — also known as the "Trump tax cut." Trump's plan for universal tariffs is seen as offsetting a positive tax impact and would be especially costly for lower-earning Americans.

Persons: Donald Trump, —, Trump's, Trump, bitcoin, Vance Organizations: Trump, Service, Biden, White

☆ AMC Entertainment posts revenue decline due to fewer big releases
▼ + stars: | 2024-11-06 | by ( ) www.cnbc.com time to read: +1 min

An AMC theater is pictured in Times Square in the Manhattan borough of New York City. AMC Entertainment on Wednesday reported a fall in third-quarter revenue and saw a decline in attendance at its theater chain, hurt by fewer blockbuster releases from Hollywood studios. Revenue for the third quarter stood at $1.35 billion, down 4.1% from $1.41 billion, a year ago. Analysts expected revenue of $1.33 billion, according to data compiled by LSEG. AMC reported a net loss of $20.7 million for the quarter ended Sept. 30, compared to net earnings of $12.3 million, a year ago.

Persons: Adam Aron Organizations: AMC, AMC Entertainment, Hollywood, Revenue, LSEG Locations: Manhattan, New York City, , Kansas

☆ ‘Poignant’ postcard from excited Titanic passenger up for auction
▼ + stars: | 2024-11-06 | by ( Lianne Kolirin | ) edition.cnn.com time to read: +2 min

CNN —A postcard written by a first-class passenger on the Titanic will go up for auction later this month. Richard William Smith, a British businessman, scrawled a message in pencil to a Mrs Olive Dakin in Norwich, England. The card, written in pencil by Richard William Smith, was sent from Cork, Ireland on April 11 1912. Kindest regards, R.W.S.”Andrew Aldridge is the managing director of Henry Aldridge & Son, a UK auctioneer specializing in Titanic memorabilia, which is selling the item. The gold watch worn by John Jacob Astor IV, a member of the wealthy Astor family, sold for £1.175 million ($1.51 million) – a record for Titanic memorabilia, according to the auction house.

Persons: Richard William Smith, Olive Dakin, Smith, Henry Aldridge, “, Kindest, ” Andrew Aldridge, ”, Mrs Nicholls, ” Aldridge, Mr Smith, John Jacob Astor IV, Astor Organizations: CNN, Son, Queenstown, Cobh –, Henry Aldridge &, White Star Locations: British, Norwich, England, Cork, Ireland, Southampton, New York, Cherbourg, France, Queenstown –, Cobh, Queenstown, Devizes

Younger votes tilted red, Latino voters increasingly backed Trump, and spending hit record highs. Democrats' lead with young voters fell by 11 pointsAmerica's younger voters shifted to the right in 2024, exit poll data released by the major news networks indicated. The exit poll found that Latino men drove Trump's gain, as they voted for him over Harris by 10 points. Related storiesAbout two-thirds of voters felt the economy was either "not good" or "poor," exit poll data showed. Advertisement45% said their financial situation is worse than at the last election, compared to 20% of 2020 voters who felt they were worse off than in 2016.

Persons: Donald Trump, Kamala Harris, Trump, —, we've, Joe Biden, Harris, Gen X, Biden, Biden — Organizations: Service, Democratic, Trump, Latina, Biden, Georgia, Cities, The New York Times, Financial Times Locations: Rural, Wisconsin , Michigan, Pennsylvania, Nevada, Arizona, North Carolina, Trump

☆ Qualcomm pops 10% on chipmaker's earnings and revenue beat
▼ + stars: | 2024-11-06 | by ( Kif Leswing | ) www.cnbc.com time to read: +3 min

Qualcomm reported fourth-quarter earnings on Wednesday that beat Wall Street expectations for earnings and revenue, and the company guided to a strong December quarter. The company reported $2.92 billion in net income, or $2.59 per share, a sharp jump from last year's $1.49 billion, or $1.23 per share. Qualcomm reported $33.19 billion in total revenue in its fiscal 2024, a 9% increase from 2023. Qualcomm reported a 12% increase in handset chip sales to $6.1 billion, in line with FactSet estimates. The company's profitable technology licensing business, QTL, reported $1.52 billion in revenue, a 21% increase over the same period last year.

Persons: Akash Palkhiwala, Cristiano Amon Organizations: Qualcomm, Apple, Nvidia, Quest, Microsoft

☆ How Ballot Measures Will Change Abortion Access
▼ + stars: | 2024-11-06 | by ( Allison Mccann | Amy Schoenfeld Walker | ) www.nytimes.com time to read: +6 min

How abortion rights measures fared Passed FailedHow Ballot Measures Will Change Abortion AccessAbortion rights found support at the ballot box in seven states on Tuesday, expanding access in already legal states and lifting bans in two others. How abortion laws will change Full ban 6-week ban Other limit Legal Missouri Current: Full ban Arizona 15-week ban Colorado No limit New protections New protections New protections New protections Maryland No limit New protections New protections New protections New protections Montana Viability New protections New protections New protections New protections New York Viability New protections New protections New protections New protections South Dakota Full ban No change No change No change No change Florida 6-week ban No change No change No change No change Nebraska 12-week ban No change No change No change No change Nevada Viability No change* No change* No change* No change* *Note: In Nevada, a winning measure to protect abortion until viability must pass again in the next general election before it can be added to the state’s Constitution. Where ballot measures will lift abortion bans Five states with bans had abortion on the ballot. Advocates for abortion rights caution that opportunities to protect those rights through ballot measures may be dwindling. And while former President Donald J. Trump has most recently said he would leave abortion laws to the states if re-elected, abortion rights organizations are bracing for federal action on abortion under his presidency.

Persons: Roe, Wade, Donald J, Trump, “ Donald Trump’s, ”, Nancy Northup Organizations: South Dakota —, Missouri, Colorado, . Nebraska, United States, Nebraska, South, Republican, Center for Reproductive Rights Locations: Florida , Nebraska, South Dakota, Nebraska, Arizona and Missouri, Arizona, Maryland, Montana, New York, Florida, Nevada, state’s, In Florida, Missouri, Arizona , Missouri, Colorado , Maryland, Vermont, California, Kansas, United States

☆ Georgia polling stations will stay open after getting shut down by bomb threats
▼ + stars: | 2024-11-06 | by ( Alice Tecotzky | John L. Dorman | ) www.businessinsider.com time to read: +3 min

At least 12 polling stations in Georgia will stay open later after bomb threats disrupted voting. AdvertisementTwelve voting stations in the metropolitan Atlanta area will stay open later after non-credible bomb threats momentarily disrupted voting, Secretary of State Brad Raffensperger said. Raffensperger said that a total of 15 precincts are staying open later, 12 because of the unfounded bomb threats. At least five polling stations in Fulton County — the most heavily-populated county in the state that includes most of Atlanta — are staying open later after a brief evacuation. In Cobb County, two polling stations will be open for an additional 20 minutes.

Persons: —, Brad Raffensperger, Raffensperger, Joe Biden, Trump, Brian Kemp, Atlanta area's Organizations: FBI, Service, Atlanta News, Trump, GOP, Republicans, Democratic Locations: Georgia, Russia, Atlanta, Fulton, Gwinnett, Fulton County, Gwinnett County, Cobb County, DeKalb County, America, Atlanta area's Cobb, DeKalb

☆ These 2 stocks beat the S&P 500 in election Novembers no matter who won
▼ + stars: | 2024-11-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

Two stocks have outperformed the S & P 500 every November when elections have been held over the past three decades — regardless of the outcome, according to a CNBC Pro study. Electrical and industrials giant Eaton Corporation and Sweden's second-largest lender, Svenska Handelsbanken , are the two stocks that beat the U.S. benchmark in November every election year. CNBC Pro screened for stocks currently in the MSCI World Index that gained more than the S & P 500 — or lost less than the index — in November of every election year since 1988. Every time is different Historical performance is never a guarantee of future performance, and stocks often move for idiosyncratic reasons. This year, for instance, the Federal Reserve is expected to announce a decision on interest rates on Thursday, which could also influence the trajectory of stocks.

Persons: Brett Linzey, Mizuho, Eaton, Arctic's Roy Tilley, Henry Allen, Pfizer's, Barack Obama, Allen Organizations: CNBC, Eaton Corporation, Svenska, CNBC Pro, Eaton Corp, Mizuho, Svenska Handelsbanken, Arctic Securities, Federal Reserve, Deutsche Locations: U.S, Industrials, Sweden, Greece, Europe

☆ Top analyst Mayo says Trump 'is regulatory game changer,' names one bank to benefit most
▼ + stars: | 2024-11-06 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Donald Trump 's decisive victory to regain the White House could serve as a "regulatory game changer" for Wall Street banks, according to Wells Fargo. Equity analyst Mike Mayo wrote early on Wednesday that a second Trump administration could yield "more free markets, less harsh oversight," while also reducing regulatory risk. GS YTD mountain Goldman Sachs stock. "More free markets imply that investment banking revenues have a chance at exceeding 2021 levels over the next few years," Mayo said. Shares of Goldman Sachs surged more than 12%, while peers Citigroup , Bank of America and Wells Fargo all gained more than 7% each.

Persons: Donald Trump, Mike Mayo, Trump, Trump's, Goldman Sachs, Mayo, Wells Fargo Organizations: Equity, Goldman, Citigroup, Bank of America, Wells Locations: Wells Fargo, Goldman Sachs, Wisconsin, Pennsylvania

☆ Stocks making the biggest moves premarket: Tesla, DJT, CVS Health, Dollar Tree and more
▼ + stars: | 2024-11-06 | by ( Pia Singh | In | ) www.cnbc.com time to read: +4 min

Crypto stocks – Shares of Coinbase surged 12% as investors cheered the prospect of a more supportive regulatory environment for cryptocurrency businesses under a second Donald Trump presidency. Bank stocks — Shares of banking stocks soared in premarket trading after Donald Trump's victory spurred investor optimism that the sector could see less regulation . CVS Health — Shares rose 7.5% after CVS posted mixed third-quarter results , citing higher medical costs that weighed on net income. Clean energy stocks — Shares of renewable energy and solar companies slid on worries that Trump's second term could imperil the Inflation Reduction Act and measures to fight climate change. Dollar Tree , Five Below — Shares of Dollar Tree slipped 1.6%, while Five Below moved down 9%.

Persons: Donald Trump, Donald Trump's, Goldman Sachs, Wells Fargo, SunRun, FirstSolar, Wegovy, Trump, CoreCivic, Dan Ives, Tesla, — CNBC's Michelle Fox Theobald, Tanaya Macheel, Brian Evans Organizations: MicroStrategy, Bank, —, Citigroup, Bank of America, Trump Media & Technology, Republican, CVS, Enphase Energy, Novo Nordisk —, GEO Group, Elon, Trump, Wedbush Securities, Tilray, Aurora Cannabis, National Retail Federation Locations: FactSet, Novo Nordisk — U.S, Danish, U.S, Florida, Canada, China

☆ Americans are probably getting another interest rate cut 2 days after the election
▼ + stars: | 2024-11-06 | by ( Ayelet Sheffey | Madison Hoff | ) www.businessinsider.com time to read: +6 min

The Federal Reserve is expected to cut interest rates by 25 basis points on Thursday. It follows a 50-basis-point rate cut in September — the first cut in four years. CME FedWatch, which forecasts interest rate changes based on market predictions, estimated an all-but-certain 25 basis point cut as of Wednesday afternoon. "Borrowers should understand that 'falling interest rates' are not the same as 'low interest rates,'" Greg McBride, Bankrate's chief financial analyst, said in a commentary. AdvertisementWhat are your financial plans if the Fed makes another rate cut?

Persons: —, Donald Trump, Trump, Jerome Powell, Powell, Helene, Milton, Cory Stahle, Julia Pollak, Greg McBride Organizations: Federal, Service, FedWatch, Boeing, BLS, Federal Reserve, PCE, Fed, asheffey

Nobody was a bigger winner than Coinbase CEO Brian Armstrong. Coinbase shares soared 31% on Wednesday, their best day on record, as investors celebrated the company's victorious efforts to get pro-crypto candidates into office. "I am so grateful to Ohioans for their resounding support in this race," Moreno said in a statement Tuesday night. "I look forward to working with the new Republican Senate majority to fix our economy, secure our border, and return to American strength at home and abroad." "In the beginning, a lot of people didn't know what crypto was," Armstrong said of his earlier trips.

Persons: Brian Armstrong, Bryan van der Beek, Coinbase, Armstrong, Ohio Republican Bernie Moreno, Sherrod Brown, Bitcoin, Brown, Moreno, Donald Trump's, Ohioans, Gary Gensler, vociferously, Bernie Moreno, Stephen Maturen, Paul Grewal, Grewal, rulemaking Organizations: Coinbase Inc, Singapore Fintech, Bloomberg, Getty, Ohio Republican, Senate, Committee, Crypto, NBC News, Republicans, Republican, Republican Senate, Armstrong, Securities, Exchange, U.S, Brecksville, Center, CNBC, Trump, SEC Locations: Singapore, Washington, Brecksville , Ohio, United States

☆ UniCredit and Commerzbank square off with target hikes amid takeover battle
▼ + stars: | 2024-11-06 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

The logo of German bank Commerzbank seen on a branch office near the Commerzbank Tower in Frankfurt. Daniel Roland | Afp | Getty ImagesTwo months since UniCredit played its opening move to woo German lender Commerzbank , the lenders flaunted their financial strength as one of Europe's largest banking mergers still hangs in balance. Both banks reported third-quarter results on Wednesday, with UniCredit posting an 8% year-on-year hike in net profit to 2.5 billion euros ($2.25 billion), compared with a Reuters-reported 2.27-billion euro forecast. It raised its full-year net profit guidance to above 9 billion euros, from a previous outlook of 8.5 billion euros. When the Italian lender showed its hand by using derivatives to build a potential 21% stake in Commerzbank, the German lender appointed a new CEO and sharpened its financial targets.

Persons: Daniel Roland, UniCredit, Commerzbank, CNBC's Annette Weisbach, Bettina Orlopp, Orlopp, Chancellor Olaf Scholz, waylay, Let's, hadn't, Andrea Orcel, CNBC's Charlotte Reed Organizations: Afp, Getty, Reuters, CNBC, Wednesday, German Ministry of Finance Locations: Frankfurt, Europe, Commerzbank, Berlin

For retailers and consumers finally feeling some relief from inflation, President-elect Donald Trump's tariffs proposal introduces fresh uncertainty around how prices could change during his presidency, analysts said Wednesday. Companies, retail trade groups and industry analysts have warned the move could fuel higher prices on a wide range of Americans' purchases such as sneakers and party supplies. "The adoption of across-the-board tariffs on consumer goods and other non-strategic imports amounts to a tax on American families," National Retail Federation CEO Matthew Shay said in a statement Wednesday. "Despite Trump's assertions to the contrary, tariffs are paid by the companies or entities importing goods and not by the countries themselves. Over time, supply chains would adjust to this change in tariff policy but it would be "incredibly disruptive" in the short term, said Saunders.

Persons: Donald, Trump, Matthew Shay, GlobalData, Neil Saunders, Saunders Organizations: NBC, China . Companies, Retail Federation Locations: China

In making the remarks, Harris did something her opponent refused to do in the aftermath of the 2020 election: Accept its results. My allegiance to all three is why I am here to say: While I concede this election, I do not concede the fight that fueled this campaign,” she said. Closing a chapter in the history books after a tense campaign, the vice president offered a call to supporters to “roll up our sleeves” in response to the election results. Supporters of Vice President Kamala Harris react following Harris' remarks, conceding 2024 U.S. presidential election to President-elect Donald Trump, at Howard University in Washington, DC, on November 6. Vice President Kamala Harris and second gentleman Doug Emhoff at Howard University in Washington, DC, on Wednesday, November 6, 2024.

Persons: Kamala Harris, Donald, Trump, ”, Harris, …, Donald Trump, Hannah McKay, “, Don’t, Joe Biden’s, Tim Walz, Doug Emhoff, Austin Steele, CNN Harris Organizations: Washington CNN —, Howard University, Democratic, Minnesota Gov, CNN, Naval, Senate, Electoral, ”, National Archives Locations: Washington , DC, United States, Washington ,

☆ Elevator test towers: The skyscrapers where nobody lives
▼ + stars: | 2024-11-06 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +6 min

Elevator test towers can go higher still. Elevator test towers are “a bit like a test track for a Formula One team,” said Tomio Pihkala, chief technology officer at Finnish elevator manufacturer Kone, in a phone interview. Like all skyscrapers, elevator towers need to withstand strong winds that can cause swaying and affect test conditions. The resulting oscillation simulates wind and earthquakes, which are among the biggest challenges in elevator development, according to TK Elevator. One of TK Elevator's test towers in Atlanta, Georgia.

Persons: It’s, Sebastian Gollnow, ”, Tomio Pihkala, Xia Yu, ” Pihkala, “ It’s, “, Kone, TK, ” Beate Höhnle Organizations: CNN, Getty, New York, Trade Center, Atlanta —, Battery, Atlanta Braves, Hitachi, New York City —, Formula, Kone Locations: Black, Rottweil, New, Atlanta, Zhongshan, China, of, Guangzhou, New York City, LA, Taipei, Hyvinkää, Finland, Kunshan, Tytyri, Atlanta , Georgia, Swiss

☆ Buy these 3 stocks — whatever the election result, analyst says
▼ + stars: | 2024-11-06 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +4 min

But Shelby McFaddin, senior analyst at Motley Fool Asset Management, is looking beyond the end result. "Either potential administrations would bring an increase in infrastructure spending and inflation remains a concern." 'Success story' Looking past the election result, McFaddin named three stocks she likes right now, including shipping and parcel delivery giant United Parcel Service . Calling the company "really interesting," the analyst said it has "been a little bit of a success story," with a rebound in earnings and revenue. It's not necessarily the world's fastest grower, but it is a really reliable company with really strong management," she added.

Persons: Shelby McFaddin, CNBC's, Kenny Polcari, McFaddin, It's Organizations: United Parcel Service, UPS, CNBC, Mastercard Locations: U.S, Washington

☆ I lost half my weight in 3 years. I have body dysmorphia from all the loose skin I have.
▼ + stars: | 2024-11-06 | by ( Jane Ridley | ) www.businessinsider.com time to read: +7 min

She's relieved to have gone from a 6X to a 1X — but worried about excess skin and her body image. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . A sign on the wall at the weight management clinic inspires me every time I go for my body composite exam. The main reason I lost that initial weight was dental work. I often feel like I haven't lost much weight at all.

Persons: Betsy Smith, She's, —, It's, I've, I'd, Smith, Toby, Steph, I'm Organizations: Service, Business Locations: Billings , Montana

☆ Trump wins Georgia, a key victory in the hotly contested purple state
▼ + stars: | 2024-11-06 | by ( John L. Dorman | ) www.businessinsider.com time to read: +2 min

Donald Trump has won the state of Georgia. Trump won Georgia in 2016, but Joe Biden flipped the state in 2020. AdvertisementFormer President Donald Trump has won Georgia, according to CNN and NBC News. In 2020, Joe Biden narrowly defeated Trump in the state, eclipsing the Republican by almost 12,000 votes out of nearly 5 million ballots cast. In the 2022 midterm elections, Warnock defeated the GOP candidate Herschel Walker, securing a full six-year term in the Senate.

Persons: Donald Trump, Joe Biden, —, Trump, Kamala Harris, Harris, Tim Walz, Brian Kemp, Stacey Abrams, Raphael Warnock, Jon Ossoff, Ossoff, Republican Johnny Isakson, Warnock, Herschel Walker Organizations: Trump, Georgia, Service, CNN, NBC, Republican, Democratic, GOP, Democratic Party Locations: Georgia . Georgia, Georgia, Atlanta, Augusta, Columbus, Savannah, Minnesota, South Georgia

☆ History says US stocks have a 95% chance of finishing the year strong — no matter who gets elected
▼ + stars: | 2024-11-06 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

The S&P 500 has an outstanding track record after major rallies in the first 10 months. Here's why history and other key catalysts are on the market's side, according to Truist. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMore than seven decades' worth of data suggest that US stocks will end 2024 on a high note. Drawdowns are inevitable, as Lerner noted that the S&P 500 typically pulls back by 5% or more three times per year.

Persons: Stocks, —, that's, Keith Lerner, Truist, Lerner Organizations: Service, Bank of America, Federal, Fed

☆ Tesla could reach $1 trillion in market cap under a Trump win, says analyst Dan Ives
▼ + stars: | 2024-11-06 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

A possible Trump victory could spell massive gains for Tesla over the coming months, according to Wedbush Securities' Dan Ives. The analyst thinks the electric vehicle maker can pass the $1 trillion market cap threshold if the Republican nominee comes out on top in the U.S. presidential election. "This could ultimately add $40 to $50 per share to Tesla's stock right off the bat, and we could now be talking about a $1 trillion [or] $1.5 trillion market cap for Tesla." Tesla, which is up just 1% for the year, has a market cap of $807.1 billion through Tuesday's close. "Ultimately, I think Tesla is the most undervalued AI name in the market," he also said.

Persons: Tesla, Dan Ives, Kamala Harris, Ives, Trump, Musk Organizations: Trump, Wedbush Securities, Republican, U.S, NBC, Electoral College

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