$TSLA NEWS Tesla stock soars on earnings surprise, upbeat outlook NYSE - Nasdaq Real Time Price ? USD BlackRock Credit Allocation Income Trust (BTZ) Follow Compare 10.80 -0.02 (-0.18%) As of 10:20 AM EDT. Market Open. Related News The one factor that could make or break Mag 7 market leadership Tesla (TSLA) has kicked off "Magnificent Seven" earnings, posting beats on adjusted earnings per share and higher gross margins. Ayako Yoshioka, Wealth Enhancement Group senior portfolio manager, joins Morning Brief to discuss what these results mean for the rest of the Magnificent Seven earnings and overall market leadership heading into 2025. Yoshioka explains that there is a greater emphasis on tech sector earnings given its concentration in the S&P 500 (^GSPC) and weight within the Magnificent Seven. However, she notes that CapEx (capital expenditures) spending among hyperscalers will determine their leadership position moving forward. She tells Yahoo Finance, "I think they're going to evaluate it at some point and see whether or not they need to continue at the pace that they've been at over the last few quarters." With AI still being early in its development, Yoshioka argues that it's "going to be a while" before seeing real competition among hyperscalers and chip companies. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Melanie Riehl Yahoo Finance Video ? 4 minutes ago GOOG MSFT NVDA Tesla is the most underpriced AI play in the market: Ives Tesla (TSLA) posted mixed third quarter results, with adjusted earnings of $0.72 per share surpassing the estimated $0.60, while revenue of $25.18 billion fell short of the $25.43 billion expected. Despite this, the automaker provided an optimistic forecast, projecting 20-30% growth for 2025. Wedbush Securities Managing Director & Senior Equity Analyst Dan Ives tells Morning Brief that margins were crucial this quarter. "That's been a huge part of the overhang on this story. They beat by 200 bps (basis points). Price cuts in the rearview mirror. And when you combine that with that growth forecast, I think whisper numbers called ten, eleven percent. They gave twenty and thirty percent. It's an Aaron Judge-like quarter," Ives states. Ives predicts Tesla will launch an affordable EV priced under $30,000, boosting company revenues — a factor he believes is reflected in the growth forecast. While acknowledging a "painful year" for EV demand, he anticipates a "renaissance of growth" in 2025, driven by advances in AI and autonomous driving technologies. Regarding the upcoming US election's impact on the EV market, Ives tells Yahoo Finance: "I do believe if Trump gets elected second term, it's bearish for EVs... but I do believe that it's bullish for Tesla." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Yahoo Finance Video ? 33 minutes ago TSLA Tesla earnings, UPS, Boeing workers reject offer: 3 Things US stock futures (ES=F, NQ=F, YM=F) are abuzz this morning after EV maker Tesla (TSLA) reported mixed third quarter earnings results after the closing bell on Wednesday. Tesla shares have been soaring in pre-market trading, adding $80 billion to the company's market cap. While releasing its earnings results, Southwest Airlines (LUV) has reached a deal with activist investor Elliott Management. Meanwhile, United Parcel Service (UPS) beat third quarter earnings estimates. Catch Yahoo Finance's interview with UPS Chief Financial Officer Brian Dykes later today. The International Association of Machinists and Aerospace Workers (IMA) union rejected the latest labor contract proposal from aircraft manufacturer Boeing (BA). It has been nearly a month and a half since Boeing factory workers went on strike in mid-September. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 1 hour ago UPS NQ=F TSLA Tesla earnings, McDonald's woes: Market Takeaways All three of the major averages (^DJI,^GSPC, ^IXIC) closed lower on Wednesday. One of the biggest movers was McDonald' (MCD) which fell 5% after an E. coli outbreak was traced back to its Quarter Pounder sandwiches. After the close, shares of Tesla (TSLA) soared after the EV giant posted better-than-expected Q3 earnings. Yahoo Finance Markets Reporter Josh Schafer joins Anchor Josh Lipton on Asking For a Trend to examine the trading day. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. This post was written by Kevin Hall Yahoo Finance Video ? 15 hours ago ^IXIC TSLA ^DJI Tesla earnings: Are Full-Self Driving functions spurring demand? Tesla (TSLA) stock is climbing higher in extended-hours trading after reporting mixed third quarter earnings, missing revenue estimates ($25.18 billion vs. $25.43 billion expected) and posting adjusted earnings of $0.72 per share ($0.60 was expected). The EV maker stated it is on track for "slight growth" in EV deliveries for 2024, while projecting production on affordable EVs to begin in 2025. "This just confirms what they've been saying, which is we're going to get affordable cars in the first half of next year," RBC Capital Markets Global Autos Analyst Tom Narayan tells Julie Hyman and Josh Lipton, adding: "We all thought we were going to see something at the robotaxi event about this, but I think folks are just comforted to know that it is coming. Everything is on track on the more affordable cars." Narayan discusses Tesla's earnings print and what it is forecasting about the electric automaker's margins: "They did do some discounting and they're going to try to get that growth number for the full year. So Q4 you're going to see some price-cutting. But if they can still do a 17% margin, X credits, that's a pretty strong signal that... they can continue to hold on to margins." Tesla reported 462,890 EV deliveries, just below Wall Street consensus estimates 463,897. Narayan believes Tesla's Full Self-Driving upgrades and pivots to autonomous driving could be boosting its demand. "The services number was pretty high. So I do wonder if the services attach rate, especially FSD, might be making making an impact here. Folks could be thinking I'm going to buy this car because of FSD," Narayan says. "That may be catalyzing demand. And kind of even though the models are maybe a little long in the tooth... FSD is something, something special here that might be what's happening." To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan. Yahoo Finance Video ? 16 hours ago TSLA Tesla earnings: Mixed results, sees delivery growth in 2024 Tesla (TSLA) reported mixed third quarter results. Adjusted earnings of $0.72 per share topped the Bloomberg consensus estimate of $0.60. However, revenue of $25.18 billion fell short of the expected $25.43 billion. In the release, the company states that it does "expect to achieve slight growth in vehicle deliveries in 2024," adding that it "plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025." Market Domination Anchors Julie Hyman and Josh Lipton break down the EV giant's results. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Stephanie Mikulich. Yahoo Finance Video ? 17 hours ago TSLA Tesla stock trades on 'hopes and dreams': Strategist Tesla (TSLA), traditionally considered part of the Magnificent Seven tech stocks, is set to report earnings after the bell on Wednesday. Investors are watching closely to see if the earnings report can provide a positive catalyst for the stock, following the muted market response to both the company's third quarter delivery figures and recent robotaxi event. Freedom Capital Markets chief global strategist Jay Woods joins to share his outlook on the electric vehicle maker's prospects ahead of the results. Woods acknowledges one positive technical indicator for Tesla: the stock has broken from its long-term downtrend that began at its November 2021 high. However, he notes that in 2024, Tesla remains the worst-performing stock among major tech names, leading him to state, "I don't even consider it one of the Mag 7." "It has been trading on hopes and dreams, and now investors want a show-me stock," Woods explains, suggesting that companies like Netflix (NFLX) or Eli Lilly (LLY) would be better suited for the Magnificent Seven. Regarding today's upcoming earnings report, Woods characterizes the potential market reaction as a "coin flip." "It's one to watch. Bring your popcorn," Woods tells Yahoo Finance while cautioning, "...I do not have a position in it, nor do I recommend one going into the earnings." To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Angel Smith Yahoo Finance Video ? 23 hours ago TSLA Q3 2024 Tesla Inc Earnings Call Q3 2024 Tesla Inc Earnings Call Thomson Reuters StreetEvents ? 9 minutes ago TSLA IBM shares slide 6% after 'solid but uneven' Q3 print amid high expectations International Business Machines (NYSE:IBM) reported third-quarter earnings that beat analyst estimates, but revenue fell short of expectations, sending shares down more than 6% Thursday. Investing.com ? 15 minutes ago IBM ServiceNow Reports Strong Sales Growth, AI Agent Strategy (Bloomberg) -- ServiceNow Inc. reported strong third-quarter sales and bookings as the software company expands its suite of AI tools.Most Read from BloombergOman Sees an Urban Future Distinct From Dubai and Abu DhabiBooming Cambridge Exposes England’s Widening Wealth GapClimate Change Is Killing Buildings in Slow MotionTransportation Policy Gets Left Behind in Presidential RaceHow Kyiv Became a Leader in Digital Services Amid Wartime StrainSubscription sales, which account for the bulk of Servi Bloomberg ? 22 minutes ago NOW Why Tesla May Be Riding on the Path to Financial Distress Tesla's economic trends suggest that without major improvements in cash flows, the company's growth prospects will face a significant setback. GuruFocus.com ? 25 minutes ago TSLA Report Showcases "FedEx Effect" on Global Economy as Company Increases Flexibility and Efficiency of Operations MEMPHIS, Tenn., October 24, 2024--FedEx Corp. (NYSE: FDX) today released its annual economic impact report, analyzing the company’s worldwide network and role in building prosperity in local communities during its 2024 fiscal year (FY 2024)1. Produced in consultation with Dun & Bradstreet (NYSE: DNB), a leading provider of business decisioning data and analytics, the study underscores the ‘FedEx Effect’—the impact FedEx has on accelerating the flow of goods and ideas that generate economic growt Business Wire ? 25 minutes ago FDX KKR Joins Half-Trillion Club in Private Markets’ Race for Scale (Bloomberg) -- KKR & Co. became the fourth private-markets firm to eclipse $500 billion of fee-paying assets under management, moving further beyond its buyout roots in a push for more client assets and steadier fees. Most Read from BloombergOman Sees an Urban Future Distinct From Dubai and Abu DhabiBooming Cambridge Exposes England’s Widening Wealth GapClimate Change Is Killing Buildings in Slow MotionTransportation Policy Gets Left Behind in Presidential RaceHow Kyiv Became a Leader in Digital Bloomberg ? 31 minutes ago KKR How Viking Therapeutics Just Dealt A Blow To Eli Lilly's Obesity Triplet Viking Therapeutics stock ramped higher Thursday after the company outlined its weight-loss quad — a blow to Eli Lilly's experimental triple. Investor's Business Daily ? 37 minutes ago LLY VKTX American Airlines Q3 Earnings: Revenue And Profit Beat, Annual Outlook Hike, Debt Reduction & More American Airlines Group Inc. (NASDAQ:AAL) reported third-quarter financial results and updated its 2024 EPS outlook. The airline reported third-quarter total operating revenue growth of 1.2% year-over-year to $13.647 billion, beating the consensus of $13.471 billion. The adjusted operating margin stood at 4.7% compared to 5.4% a year ago. AAL reported adjusted EPS of $0.30, down from $0.38 a year ago but above the consensus of $0.15. The company generated an operating cash flow for nine months e Benzinga ? 37 minutes ago AAL Analyst Highlights ServiceNow (NOW) Potential in $1.2 Trillion Enabling Tech Market We recently published a list of Top 10 Trending AI Stocks in Q4. In this article, we are going to take a look at where ServiceNow Inc (NYSE:NOW) stands against other top trending AI stocks in Q4. As LLMs continue to hog data from the open internet for training, publishers are growing concerned about their intellectual […] Insider Monkey ? 38 minutes ago NOW Tesla's earnings beat, rosy forecast push shares more than 14% higher Investing.com -- Tesla reported third-quarter results that beat Wall Street estimates and said it expects to achieve "slight" growth in deliveries this year, sending shares in the electric vehicle maker higher by more than 14% in early US trading. Investing.com ? 39 minutes ago TSLA UPS Stock Rallies On Return To Growth, But Delivers This Caveat United Parcel Service reported its first revenue and earnings gains in two years early Thursday, sending its shares into a brisk rally in premarket trade. Freight delivery peer FedEx picked up on the positive turn, its shares also rising early Thursday. The company reported consolidated operating profit of $2.0 billion, up 47.8% vs. the third quarter of 2023, and up 22.8% on a non-GAAP adjusted basis. Investor's Business Daily ? 40 minutes ago FDX UPS Q1 2025 Lam Research Corp Earnings Call Q1 2025 Lam Research Corp Earnings Call Thomson Reuters StreetEvents ? 44 minutes ago LRCX Newmont Drops as Cost Struggles Undermine Gold Profit Surge (Bloomberg) -- Newmont Corp. shares fell after the market digested disappointing earnings results that signal the world’s top gold producer is struggling to control costs at its mines and capitalize on surging bullion prices.Most Read from BloombergOman Sees an Urban Future Distinct From Dubai and Abu DhabiBooming Cambridge Exposes England’s Widening Wealth GapClimate Change Is Killing Buildings in Slow MotionTransportation Policy Gets Left Behind in Presidential RaceHow Kyiv Became a Leader in Bloomberg ? 50 minutes ago NEM Performance Overview Trailing total returns as of 10/24/2024, which may include dividends or other distributions. Benchmark is S&P 500 Return BTZ S&P 500 YTD +13.12% +21.86% 1-Year +30.20% +37.83% 3-Year -5.73% +27.89%
