Belimo price target raised to CHF 1,052 from CHF 788 at Jefferies
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
4 hours ago
- CNBC
Tesla investors are growing wary of Elon Musk's futuristic promises
At Tesla, vehicle sales are slumping, profits are thinning and revenue from regulatory credit sales are poised to dry up due to Republican-led policy changes. In the past, CEO Elon Musk's futuristic promises have convinced investors to look past top and bottom line numbers. Not now. Following another fairly dismal earnings report this week, Musk told analysts on the call that Tesla's electric vehicles will soon become driverless, making money for owners while they sleep. He also said Tesla's robotaxi service, which the company recently started testing in a limited capacity in Austin, Texas, will expand to other states, with a goal of being able to reach half the U.S. population by year-end, "assuming we have regulatory approvals." It didn't matter. Tesla shares plummeted 8% on Thursday as investors focused on the immediate challenges facing the company, including the rapid rise of lower-cost EV competitors, particularly in China, and a political backlash against Musk that harmed Tesla's brand in the U.S. and Europe. Automotive sales declined 16% year-over-year in the second quarter for the EV maker, with weak sales numbers continuing in Europe and California. Musk said there could be a "few rough quarters" ahead because of the EV credits expiring and President Donald Trump's tariffs. The stock bounced back some on Friday, gaining 3.5%, but still ended the week down and has now fallen 22% this year, the worst performance among tech's megacaps. The Nasdaq rose 1% for the week and is up more than 9% in 2025, closing at a record on Friday. "Look, we love robotaxis. And robots," wrote analysts at Canaccord Genuity, who recommend buying Tesla's stock, in a note after the earnings report. "Over time, Tesla is well positioned to benefit from these future-forward opportunities." The analysts, however, said that they're focused on the profit and loss statement, writing: "But we love growth too, in the here and now. We need the P&L dynamics to turn." Analysts at Jefferies described the earnings update as "a bit dull." And Goldman Sachs said Tesla's robotaxi effort is "still small" with limited technical data points. Tesla didn't respond to a request for comment. Musk, who has previously called himself "pathologically optimistic," has been able to sway shareholders and send the stock soaring at times with promises of self-driving cars, humanoid robots and more affordable EVs. But after a decade of missed self-imposed deadlines on autonomous driving, Wall Street is watching Tesla fall behind Alphabet's Waymo in the U.S. and Baidu's Apollo Go in China. In Tesla's shareholder deck, the company said the second quarter marked the start of its "transition from leading the electric vehicle and renewable energy industries to also becoming a leader in AI, robotics and related services." The company didn't offer any new guidance for growth or profits for the year ahead. Business Insider reported on Friday that Tesla told staff its robotaxi service could launch in the San Francisco Bay Area as soon as this weekend. But Tesla hasn't applied for permits that would be required to run a driverless ridehailing service in California, CNBC confirmed. The company would first need authorizations from the state's Department of Motor Vehicles and the California Public Utilities Commission (CPUC). The CPUC told CNBC on Friday, that under existing permits, Tesla can only operate a human-driven chartered vehicle service, not carry passengers in robotaxis. On the earnings call, Musk and other Tesla execs claimed the company was working on regulatory approvals to launch in Nevada, Arizona, Florida and other markets, in addition to San Francisco, but offered no details about what would be required. Within Austin, the company said its robotaxi service had driven 7,000 miles, and that Tesla has been restricting its robotaxis' to roads with a speed limit of 40 miles per hour. The Austin service involves a small fleet of about 10 to 20 Model Y vehicles equipped with the company's latest self-driving systems. The Tesla robotaxis rely on remote supervision by employees in a customer service center, and a human safety supervisor in the front passenger seat, ready to intervene if needed. Compare that to what Alphabet said on its second-quarter earnings call the same day as Tesla's results. "The Waymo Driver has now autonomously driven over 100 miles on public roads, and the team is testing across more than 10 cities this year, including New York and Philadelphia," Alphabet said. Meanwhile, Waymo has become significant enough that Alphabet added a category to its Other Bets revenue description in its latest quarterly filing. "Revenues from Other Bets are generated primarily from the sale of autonomous transportation services, healthcare-related services and internet services," the filing said. The Other Bets segment remains relatively small, with revenue coming in at $373 million in the quarter. Regardless of investor skepticism, Musk is more bullish than ever. On Friday, the world's richest person posted on his social network X that he thinks Tesla will someday be worth $20 trillion. On the earnings call earlier in the week, he said that when it comes to AI for cars and robots, "Tesla is actually much better than Google by far" and "much better than anyone at real world AI."
Yahoo
4 hours ago
- Yahoo
NVIDIA Corporation (NVDA) Surged in Q2. Here's Why
Sands Capital, an investment management company, released its 'Sands Capital Technology Innovators Fund' Q2 2025 investor letter. A copy of the letter can be downloaded here. Technology Innovators focus on pioneering businesses worldwide that serve as key drivers or beneficiaries of significant long-term changes driven by technology. The fund returned 26.0% (net) in the second quarter compared to a 21.9% return for the benchmark, MSCI ACWI Info Tech and Communication Services Index. Easing geopolitical concerns, renewed AI optimism, resilient macroeconomic data, strong corporate earnings, and technical tailwinds boosted the markets for a quick recovery in the quarter. You can check the fund's top 5 holdings to know more about its best picks for 2025. In its second quarter 2025 investor letter, Sands Capital Technology Innovators Fund highlighted stocks such as NVIDIA Corporation (NASDAQ: NVDA). NVIDIA Corporation (NASDAQ:NVDA) offers graphics and compute, and networking solutions. The one-month return of NVIDIA Corporation (NASDAQ:NVDA) was 10.14%, and its shares gained 53.67% of their value over the last 52 weeks. On July 24, 2025, NVIDIA Corporation (NASDAQ:NVDA) stock closed at $173.74 per share, with a market capitalization of $4.237 trillion. Sands Capital Technology Innovators Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its second quarter 2025 investor letter: "NVIDIA Corporation (NASDAQ:NVDA) is the market-leading provider of AI technology based on revenue. Its most recent results eased concerns about AI demand and the impact of export restrictions on China. Although the H20 ban created a $10.5 billion revenue headwind in the first half of 2025, demand remains strong. Excluding China, datacenter revenue grew 64 percent year-over-year and is expected to accelerate to 70 percent next quarter. Management also guided for gross margins to rise to the mid-70 percent range from 72 percent. Rack yield concerns were addressed, with major hyperscalers now deploying nearly 72,000 Blackwell GPUs per week. NVIDIA ended the quarter as the strategy's largest position and remains a high-conviction business at Sands Capital." A close-up of a colorful high-end graphics card being plugged in to a gaming computer. NVIDIA Corporation (NASDAQ:NVDA) is in 5th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 212 hedge fund portfolios held NVIDIA Corporation (NASDAQ:NVDA) at the end of the first quarter, which was 223 in the previous quarter. NVIDIA Corporation (NASDAQ:NVDA) reported another record quarter in the fiscal first quarter of 2026 with $44 billion in revenues, representing a 69% year-over-year increase. While we acknowledge the potential of NVIDIA Corporation (NASDAQ: NVDA) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. In another article, we covered NVIDIA Corporation (NASDAQ: NVDA) and shared the list of AI stocks making waves on Wall Street. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 hours ago
- Yahoo
British American Tobacco (BTI): A High-Yield Dividend Stock with Defensive Strength
British American Tobacco p.l.c. (NYSE:BTI) is included among the Top 10 Safest Dividend Stocks in the UK. A close-up of an array of tobacco products, emphasizing the selection and consumer choice. British American Tobacco p.l.c. (NYSE:BTI) is among the best FTSE dividend stocks. Similar to its industry peers, the company is heavily focused on shifting towards next-generation products. What sets BAT apart is its global reach, offering investors exposure to the worldwide tobacco market rather than being limited to just the US or international markets alone. Its product lineup spans traditional cigarettes, vaporizers, heated tobacco, and smokeless options like chewing tobacco. For those looking to invest in the broader tobacco sector, BAT offers a straightforward, all-in-one entry point through a single stock. In July, Jefferies began covering British American Tobacco p.l.c. (NYSE:BTI) with a Buy rating, selecting it as their top pick within the tobacco industry. The firm pointed to the company's growing profitability in its traditional combustibles segment as a key driver supporting its progress in expanding into smoke-free products. Analysts also highlighted British American Tobacco p.l.c. (NYSE:BTI)'s strong financial position and solid cash returns, while suggesting that there is still potential for margin improvement. From a valuation perspective, the stock was considered appealing, trading at a 35% discount compared to other tobacco firms — a gap Jefferies expects could close over time. British American Tobacco p.l.c. (NYSE:BTI) has raised its payouts every year since 2018. The company offers a quarterly dividend of $0.7391 per share and has a dividend yield of 5.8%, as recorded on July 25. While we acknowledge the potential of BTI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None.
