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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlank: Kroger's flat pricing reflects broader food trends, with food prices up 2.1% overallJohn Blank, Chief Equity Strategist at Zacks Investment Research, discusses Kroger's flat performance and its merger with Albertsons to compete with Walmart. He notes the FTC's scrutiny and the partisan divide over the merger.
Persons: John Blank Organizations: Zacks Investment Research, Albertsons, Walmart
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst: near-term upside for Zscaler, but longer-term outlook neutral given its capex plansJohn Blank from Zacks Investment Research discusses Zscaler’s Q4 earnings and his recommendation.
Persons: John Blank Organizations: Zacks Investment Research
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMusk should focus on building affordable electric vehicles, strategist saysJohn Blank, chief equity strategist and economist at Zacks, talks through Tesla's automotive business and Elon Musk's newest startup xAI.
Persons: John Blank Organizations: Zacks, Elon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSupermicro is absolutely a meme stock without profits, says John BlankJohn Blank, Chief Equity Strategist at Zacks Investment Research, discusses Supermicro Computer and other meme stocks.
Persons: John Blank John Blank Organizations: Zacks Investment Research, Computer
The presentation did, however, lay out broad plans aimed at making Tesla the largest car company in the world. The announcements were tepid enough that strategists at Vanda Research wrote in a note to clients that this month could see a sell-off for Tesla stock. That said, Zacks Investment Research forecasts 30% upside for Tesla, and that climb could happen in 2023. While Tesla has long been touted as innovative and futuristic over the last decade, Bespoke Investment Group concluded that the company is now actually a normal, boring car maker. The stock market is getting the jitters with a key bearish signal flashing red again.
Tesla shares are likely to rise by nearly 30% to $260 in the next six to 12 months, says Zacks. Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. "I think that's doable," John Blank, chief equity strategist at Zacks, told CNBC's "Squawk Box Europe" on Thursday. I think $260 is where we're headed." And I think that's the real message we should hear about this whole Cybertruck," the strategist said.
Tesla will be worth $260 per share, equity strategist says
  + stars: | 2023-03-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla will be worth $260 per share, equity strategist saysTesla shares will go up to $260 apiece, according to Zacks Chief Equity Strategist John Blank, who spoke to CNBC's "Squawk Box Europe" after Elon Musk revealed his "Master Plan Part 3" for the company.
Legendary investor Warren Buffett may have overpaid for his latest investment in chipmaker Taiwan Semiconductor , according to one equity analyst. Buffett's Berkshire Hathaway bought more than 60 million shares of TSMC worth $4.1 billion (1.2% of TSM) in the third quarter, according to a quarterly regulatory filing . New York-listed shares in the chip stock rose 5.8% in after-hours trading to $77.08. Blank said Buffett, 92, was not as interested in buying the bottom as other investors, given Berkshire Hathaway's long-term investment horizon. The median price target of 30 analysts covering TSMC indicates a 29.8% potential upside from its share price prior to Buffett's investment, according to FactSet.
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