Dow Jones Futures: What Matters For Tesla Amid Big News; 5 Stocks In Buy Zones
The S&P 500 and Nasdaq are rallying toward record highs. Palantir and eToro are in buy areas. Tesla investors should focus on the TSLA chart.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Black America Web
13 minutes ago
- Black America Web
Elon Musk Claims Trump's Name Is On The Epstein List, Taco Trump Threatens To End Phony Stark's Government Contracts
Source: The Washington Post / Getty / Elon Musk / Donald Trump It should come as no surprise that the bromance between these two ego maniacs would have come to a fiery end. We knew this day would come, but no one had Musk and Trump beefing with each other so soon on their bingo cards. The alleged ketamine abuser couldn't keep his disdain for Trump's 'one big beautiful bill,' calling it a 'disgusting abomination.' 'I'm sorry, but I just can't stand it anymore,' Musk began. 'This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it.' Trump was uncharacteristically quiet following Musk's initial comments about his legislative centerpiece of his second presidency, the 'one big beautiful bill.' That all changed when Trump finally 'clapped back' at Musk while taking questions during his meeting with German Chancellor Friedrich Merz. Trump said he was 'very surprised' and 'disappointed' by his former financier's comments about his stupid bill, claiming the Tesla chief saw the bill and understood its inner workings better than anybody, while suggesting that Musk was mad because of the removal of subsidies and mandates for electric vehicles. Elon Musk Had Time For Donald Trump Musk responded in real time via his 'former platform,' X, formerly Twitter, with a flurry of posts on X accusing Trump of 'ingratitude' and 'Without me, Trump would have lost the election,' while refuting the orange menace's claims. 'Keep the EV/solar incentive cuts in the bill, even though no oil & gas subsidies are touched (very unfair!!), but ditch the MOUNTAIN of DISGUSTING PORK in the bill,' Musk wrote. Oh, and he wasn't done. Musk then hit the president with a low blow, writing, 'Time to drop the really big bomb: @realDonaldTrump is in the Epstein files. That is the real reason they have not been made public. Have a nice day, DJT!' Donald Trump Claps Back Trump finally fired back on his platform, Truth Social, by threatening to cut Musk's government contracts. 'The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts. I was always surprised that Biden didn't do it.' Felon 47 wrote. Musk replied by threatening to decommission SpaceX's Dragon spacecraft, which could be detrimental to the International Space Station and NASA, as it is described as 'the only spacecraft currently flying that is capable of returning significant amounts of cargo to Earth' and can seat seven passengers. Musk also agreed with a post stating that Trump should be impeached and replaced by JD Vance. Oh, this is getting spicy. While all of this was going on, CNN reports that Tesla stocks took a hit and Musk's net worth shrank. Per CNN : Tesla shares plummeted 15% this afternoon as Elon Musk's battle with President Donald Trump intensified. Trump threatened in a social media post to target Musk's business empire. 'The easiest way to save money in our Budget, Billions of Dollars, is to terminate Elon's Governmental Subsidies and Contracts,' Trump wrote on Truth Social. The Tesla selloff has wiped off more than $150 billion off the market value of Telsa, which started the day worth nearly $1.1 trillion. It has also erased a chunk off the net worth of Musk, the world's richest person. Social media has pulled up all the seats, grabbed some popcorn and are currently watching Musk go at with Trump and his supporters, you can see those reactions in the gallery below. Elon Musk Claims Trump's Name Is On The Epstein List, Taco Trump Threatens To End Phony Stark's Government Contracts was originally published on Black America Web Featured Video CLOSE
Yahoo
19 minutes ago
- Yahoo
Apple's two biggest problem areas ahead of its WWDC 2025
Ahead of Apple's (AAPL) 2025 Worldwide Developers Conference kicking off this Monday, June 9, Needham analysts downgraded the iPhone maker from a Buy rating to Hold while removing its price target on the tech stock. Needham & Company senior media and internet analyst Laura Martin — the analyst behind the call — examines several of Apple's biggest problems as it faces pressures in China's consumer market and the team-up between OpenAI and former Apple designer Jony Ive. Here's a look at what to expect from the 2025 WWDC event. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. Let's take a look at Apple here. It's down 19% year to date, the lowest performing member of the magnificent seven and trailing the S&P 500, which is now up for the year. Ahead of Apple's company, uh, Worldwide Developers Conference, Needham and company cut its Apple rating from buy to hold and removed its $225 price target for the stock. We've got the person behind that call, Laura Martin, Needham and Company senior media and internet analyst joining us now. Really appreciate you making the time to break this down for us, Laura. What was the single biggest driver behind this call on Apple? So I think, I think we're focusing on two things. There's like an urgent problem for Apple and then an important problem for Apple. The urgent problem is, a, it's really expensive today at 26 times next year's earnings, which is twice its normal multiple over the last 10 years, and about a 25% premium to the S&P 500. So it's too expensive. Second, there are real risks to their fundamentals over the next 12 months. Not only tariffs, but, um, but also like the Chinese demand, which used to be 19% of their total iPhone sales, went to 17% last year. We expect it to go to 15% of total sales this year. So there, um, there really is issues with the rising nationalism in China and Chinese, uh, consumers buying competitive products and not Apple products. Um, also, we have risk of fundamentals services revenue because you may have seen that epic, uh, the epic court decision, which allows all these apps to actually get direct payment and not pay the Apple 30% tithe on, on these app payments. So that actually threatens services revenue. Anyway, lots of fundamental risks, um, coming from the outside world in the near term, again, to their fundamental earnings per share, a risk in addition to just tariffs. And the important problem here that isn't as urgent, but it is really important is competition. So what's happening is generative AI is opening up the possibility of replacing the smartphone with, if you think meta and Google are right, glasses, like these Ray-Ban glasses that Meta's already sold a million units of. Or, more importantly, um, Jony Ive, who used to was actually the designer behind every major Apple product on the market today, he was at Apple for 27 years, has recently, his company's been bought by Sam Altman's OpenAI, and they're talking about a new form factor that isn't a smartphone and it isn't glasses, but it's going to compete and replace, I mean, I think over the long term replace the iPhone because Jony Ive, who invented the iPhone as a design fact, uh, hardware, said he doesn't like screens. He wants to move consumers away from screens, which would be lovely if you could have a conversation with a 15-year-old where they weren't looking at their screens. So I'm completely supportive, but all of this is a competitive is a competitive threat to the largest iPhone maker, you know, the largest smartphone maker in the world. 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
24 minutes ago
- Yahoo
This AI ETF Could Turn $10,000 Into $40,000 by 2035
It's becoming clearer that artificial intelligence is going to have a meaningful impact on the economy over time. Investors that want diversified exposure to the AI trend should consider this top ETF that has produced a monster 414% total return in the past 10 years. While there continues to be a lot of excitement about AI in the near term, it's important that investors have the patience to focus on the next decade and beyond. 10 stocks we like better than Invesco QQQ Trust › There's no denying it -- artificial intelligence (AI) is likely going to have a profound impact on the world over the long term. Entire industries could be altered. It's no wonder management teams are increasingly focused on ways to better position themselves for long-term success. From an investment perspective, perhaps it's starting to make sense that your portfolio should have some exposure to AI. Luckily, investors don't necessarily need to pick individual stocks if they want to benefit from the trend. There's one top AI exchange-traded fund (ETF) that could turn $10,000 into $40,000 by 2035. Continue reading to learn more about how to supercharge your portfolio for future success. In the last 10 years, the Invesco QQQ Trust (NASDAQ: QQQ) has generated a total return of 414% (as of June 3). This means that a $10,000 investment made in June 2015 would be worth $51,400 today. I don't think anyone in their right mind would complain with that kind of fantastic result. Even better, the expense ratio of 0.20% is a minimal cost to bear for that type of gain. There's no guarantee that past returns will repeat themselves going forward. Let's assume that there is a slowdown. Even so, I wouldn't be surprised if investors who put the same $10,000 in this ETF today see a fourfold gain in the next decade, resulting in a 15% annualized return. There's a lot of talk about how the stock market's current valuation is expensive. But consider that this has been the general narrative for a very long time. Yet that hasn't prevented equity markets from marching higher. The rise of passive investing, ongoing economic expansion, and dominance of tech-driven enterprises have all played a part. I'm fairly confident these trends will continue. The Invesco QQQ Trust can be considered a top AI ETF, even though it contains 100 stocks in total. There is heavy concentration among the top positions, many of which have a meaningful AI focus. The so-called hyperscalers, most notably Amazon, Microsoft, and Alphabet, combined represent 18.9% of the Invesco QQQ Trust's asset base. These dominant companies have leading cloud computing platforms that offer a range of AI tools to their customers. They're collectively planning to spend hundreds of billions of dollars on capital expenditures in 2025 in an effort to bolster their technical infrastructure to better position themselves for an AI future. We can't forget about Nvidia, the biggest beneficiary thus far of the AI boom. It provides the graphics-processing units that power AI data centers, posting unbelievable revenue and profit growth. It's the second-largest holding in the Invesco QQQ Trust. Other top positions are Apple, Meta Platforms, Netflix, and Tesla. There's no doubt that AI has and will keep impacting these businesses in some way as well. Investing correctly means having patience. While the AI craze has definitely made some investors rich in a short period of time, that's the wrong mindset to have. When buying the Invesco QQQ Trust, it's critical to keep the attention on the next decade and beyond. AI has the ability to revolutionize many parts of our economy, and this will all take time to play out. As of this writing, the Invesco QQQ Trust trades 2% off its peak. It might be tempting to wait for a bigger pullback to put money to work. However, I believe this is a flawed approach. It's a smart idea to invest early and often, letting compounding work its magic. Investing in this top AI ETF could work wonders for your portfolio between now and 2035. Before you buy stock in Invesco QQQ Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Invesco QQQ Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor's total average return is 997% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Neil Patel has positions in Invesco QQQ Trust. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Netflix, Nvidia, and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy. This AI ETF Could Turn $10,000 Into $40,000 by 2035 was originally published by The Motley Fool 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
