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  • Dec 17, 2024

Tesla Will Be The 'Biggest Winner' In The Trump Era, Says Dan Ives; Predicts Nasdaq At 25,000 In 18 Months: 'Get the Popcorn Out'

Wedbush Securities analyst Dan Ives predicts a major tech sector expansion driven by artificial intelligence and deregulation under President-elect Donald Trump‘s administration, forecasting the Nasdaq could reach 25,000 within 18 months. What Happened: Speaking on CNBC’s “Closing Bell,” Ives described Trump’s incoming administration as a “Goldilocks scenario” for tech companies, citing expected regulatory relief from agencies including the Federal Trade Commission. Don’t Miss: Deloitte's fastes

  • Dec 17, 2024

Retail sales rose at healthy pace last month in latest sign of US economy's health

Retail sales rose 0.7% in November, the Commerce Department said Tuesday, a solid increase and higher than October's 0.5% gain. Sales jumped 2.6% at auto dealers, driving most of the gain. The boost in spending underscores that the economy is still growing at a healthy pace even with higher interest rates, a trend that could cause the Federal Reserve to lower borrowing costs more slowly next year than they have previously signaled.

  • Dec 17, 2024

Three Reasons Why Alibaba (BABA) Is a Top Stock after Its Recent Pullback

Alibaba’s (BABA) shares have fallen more than double digits since reaching their 52-week highs in early October, following a rally driven by the announcement of a robust stimulus package for the Chinese economy. However, despite being in correction territory, I believe three bullish factors surrounding the Chinese e-commerce giant have been underestimated by the market. These factors are reflected in the company’s valuation, which appears to be sufficiently de-risked for long-term optimism. As a

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