Wall Street global stock picks

It has been an unforgettable first half for investors – and not in a good way, as a brutal sell-off swept across global equity markets and brought major indices to new lows. The S&P 500 suffered its worst first half since 1970, while the Nasdaq Composite’s 28.9% decline for the first six months condemned the … Read more

Top Wall Street analysts say buy Rivian and Nio

A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images Investors just can not seem to find a trough in this bear market, and are struggling to hold on to any optimism amid growing concerns of a possible recession. However, the key to surviving a bear market … Read more

NIO XPEV LI report strong deliveries for June as Covid wanes

Nio’s ES7 sports utility vehicle adds another competitor to Tesla’s Model X and Model Y in China. Nio Chinese electric-vehicle maker Nio reported Friday that it delivered nearly 13,000 vehicles in June, up 60% from a year ago, as China’s auto industry continued to rebound after months of pandemic-related disruptions. Its total deliveries of 12,961 … Read more

Kohl’s, Micron, Apple and more

Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s tumbled 17.9% in premarket trading after the retailer confirmed an earlier CNBC report that it ended talks to be bought by Vitamin Shoppe parent Franchise Group (FRG). Kohl’s said the deteriorating retail and financial environment presented significant obstacles to concluding a deal. … Read more

Tesla, Coinbase, Nio, Disney, Netflix

Here are Thursday’s biggest calls on Wall Street: Morgan Stanley reiterates Disney as overweight Morgan Stanley lowered its price target on Disney to $ 125 per share from $ 170, but said the stock is “attractive” at current levels. “Down 40% YTD and below its pre Disney Plus launch share price, we see an attractive … Read more

General Mills, Carnival, Bed Bath & Beyond and more

Check out the companies making headlines before the bell: General Mills (GIS) – General Mills reported adjusted quarterly earnings of $ 1.12 per share, 11 cents above estimates, with revenue that also topped Wall Street forecasts. The stock rose 1.6% in the premarket, even as the food producer forecast full-year profit below Street estimates amid … Read more

Chinese EV maker launches Tesla SUV rival

Nio’s ES7 sports utility vehicle adds another competitor to Tesla’s Model X and Model Y in China. Nio Nio on Wednesday launched the ES7 sports utility vehicle as competition with Tesla intensifies in China. The ES7 adds another competitor to Tesla’s Model Y and Model X in China as the competition in the electric SUV … Read more

Snowflake, Apple, Amazon, Nike, Robinhood

Here are Wall Street’s biggest calls on Wednesday: Goldman Sachs initiates Wheels Up as buy Goldman said in its initiation of the on-demand private jet company that it sees an attractive entry point. “Wheels Up is a leading company in an established and growing end-market, but one that is also fragmented and has substantial opportunity … Read more

BYD sold so many EVs it’s one of the top three automakers in China

One of BYD’s bestselling electric car models, the Han, is on display during an auto show in Shenzhen on June 5, 2022. Anadolu Agency | Anadolu Agency | Getty Images BEIJING – Chinese electric car maker BYD saw sales more than double in May, solidifying the company’s climb into the ranks of the top three … Read more

Tesla, Five Below, Nio and more

A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Tesla – Shares rose about 2.2% after UBS upgraded the electric vehicle stock to buy from neutral. The firm said Tesla’s pullback this year offers an “attractive … Read more