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Globe and Mail
2 days ago
- Automotive
- Globe and Mail
Why Tesla Stock Is Bouncing Higher Today
After a big sell-off yesterday, Tesla (NASDAQ: TSLA) stock is seeing rebound momentum in Friday's trading. The company's share price was up 5.6% as of 3 p.m. ET. Meanwhile, the S&P 500 index was up 1.1%, and the Nasdaq Composite index was up 1.3%. Tesla's stock gains today primarily stem from two sources. For starters, the broader market is seeing bullish momentum thanks to new employment data that is easing inflation concerns. The stock is also getting a boost from indications that a recent flare up in tensions and disagreements between CEO Elon Musk could be moderating. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Tesla stock sees some recovery after yesterday's big sell-off Tesla's share price fell 14.3% in Thursday's trading after Elon Musk ramped up his criticism of President Trump and his budget bill. Musk had previously been a vocal supporter of Trump and headed up the Department of Government Efficiency (DOGE) initiative before departing from the role at the end of last month. Tesla had previously seen bullish valuation momentum in conjunction with expectations that Musk's relationship with Trump could help open up and accelerate growth avenues, and investors reacted negatively to the intensifying feud. But today brought indications that the schism and war of words may be de-escalating, and this helped power some recovery for the stock. Are the latest U.S. employment numbers good for Tesla stock? Bureau of Labor Statistics (BLS) revealed that the U.S. economy added 139,000 non-farm jobs in May -- ahead of the 125,000 additions called for in estimates. On the other hand, additions for April and May were revised downward by 30,000 and 65,000, respectively. While there are multiple indicators in the BLS report that should be viewed in the broader context, investors are generally betting that the employment data supports the potential for the Federal Reserve to deliver an interest rate cut this year. Investors have been hoping that the Fed will cut rates and create a more favorable trading backdrop for stocks, but concerns about tariffs, inflation, and the overall state of the economy have prompted the central banking authority to take a cautious approach. Along with the rollout of its robotaxi service and vehicle sales, macroeconomic dynamics will be a top catalyst for Tesla stock this year. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $363,030!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,088!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $674,395!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. *Stock Advisor returns as of June 2, 2025
Globe and Mail
19-05-2025
- Business
- Globe and Mail
2 Stocks Down 63% and 36% to Buy Right Now
Investors have been treated to a wild series of swings across this year's trading. Pivots on tariff and trade policy, shifting outlooks on interest rate policies, corporate earnings of varying quality, and other factors have all combined to create a stretch of nearly unprecedented volatility for stocks. While the broader market has enjoyed some strong rebound trading lately, there are still many stocks trading at huge discounts compared to their previous highs. If you're looking for investment plays with huge rebound potential, read on to see why two Motley Fool contributors think that taking a buy-and-hold approach to these beaten-down stocks would be a great move right now. Target stock: 63% off of its all-time high Jennifer Saibil (Target): Target (NYSE: TGT) has experienced so many challenges over the past few years that it's hard to keep up. So it isn't surprising that its stock has absolutely tumbled and is now 63% off of its all-time highs. But it's an excellent buying opportunity for the smart investor. Results have been tepid at Target recently, with sales and comparable sales roughly flat in fiscal 2024 (ended Feb. 1). But the company's 1,800+ U.S. stores continue to draw traffic from loyal customers, and there were many signs of life. Traffic was up 1.4% for the year, which means people are still coming to shop at Target, and there's strength in the digital program -- same-day services increased 25% year over year in the fourth quarter. Full-year earnings per share were $8.86, and there's plenty of cash on the balance sheet, so there aren't any worries about Target's ability to keep operating. Part of the problem is that unlike competing retailers Walmart and Costco Wholesale, both of which have large grocery departments, Target's core segments are discretionary items, which customers will naturally cut back on when they're trying to save money. The company is well-positioned to get back to higher growth when the economy is in better shape. Finally, Target has recently become a Dividend King, an exclusive status given to a small group of stocks that have raised their dividends for 50 straight years. Target is now on year 53, which means it has raised its dividend since 1971, and it has kept up its streak through the dot-com bubble, financial crisis, hyperinflation, a global pandemic, and other events. Investors love Dividend Kings because they're super reliable. Dividend Kings don't always have a high yield, though, because their attraction is in their stability and dependability. But at the current low price, Target's stock yields 4.5%, which is incredibly high. High yields often indicate risk, but Target is well established, with an excellent brand name and millions of loyal customers. It's still highly profitable, despite the pressure it's facing. Target is likely to bounce back when the environment is more favorable, and in the meantime, it will cut you a nice check every quarter. Airbnb stock: 36% off its all-time high Keith Noonan (Airbnb): Airbnb (NASDAQ: ABNB) had its initial public offering (IPO) in December 2020 -- right at the peak of travel restrictions and social distancing conditions related to the pandemic. For a company in the travel and property rentals space, the situation presented huge challenges. Airbnb responded deftly to the conditions and quickly became a leaner and more efficient operation. But despite bouncing back from pandemic headwinds, increasing the profitability of its business, and demonstrating high levels of flexibility, the stock hasn't managed to exceed the peak it reached shortly after its IPO -- and it trades down roughly 36% from its valuation peak. Admittedly, the company's growth has slowed substantially. Revenue increased 8% on a currency-adjusted basis in the first quarter -- down from growth of 18% in Q1 2024 and growth of 24% in Q1 2023. After adjusting for the timing of holidays and other calendar differences, the company says that revenue would have been up 11% year over year in this year's first quarter, but the deceleration trend for sales expansion is clear nonetheless. Amid some pricing trends on its rental marketplace that had adverse impacts for the business and moves from competitors, Airbnb has been facing a more challenging growth environment. At the same time, the company has continued to generate tons of free cash flow (FCF) and encouraging margins. The business has generated $4.4 billion in FCF over the trailing-12-month period -- good for a margin of 39%. With such strong FCF margins, Airbnb could see its valuation surge if signs emerge that the company can shore up its sales growth rates. It's now in the process of developing new businesses to operate on top of its core rental platform. With a large and engaged user base, Airbnb has strong foundations that could allow it to successfully branch into new service categories. The stock already looks reasonably valued, and shares could soar if some of the company's expansion bets turn out to be winners. Should you invest $1,000 in Target right now? Before you buy stock in Target, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Target 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 $642,582!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $829,879!* Now, it's worth noting Stock Advisor 's total average return is975% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of May 19, 2025
Reuters
15-05-2025
- Business
- Reuters
Siemens CEO calls on German government to support growth
ZURICH, May 15 (Reuters) - Siemens ( opens new tab Chief Executive Roland Busch has high hopes of the new German government, he said on Thursday, but called on Chancellor Friedrich Merz to "act responsibly in these difficult times". The government should do everything it can to promote growth, as well as defend democracy, Busch told reporters after Siemens reported its second-quarter earnings. "Much is at stake," Busch said. "In any case, Germany has the potential to rebound."
Irish Times
15-05-2025
- Business
- Irish Times
Can San Francisco's regeneration plan pave way for Dublin initiative?
I've always loved San Francisco . It's not just about the proximity of Silicon Valley , or that it has the best burger place ever (if you know, you know). Sure, the cable cars are nice to ride, even if the steep streets are slightly unsettling. And the ability to jump into a robotaxi on a whim appeals to the techie in me. But that's not why I like it. The main appeal of San Francisco, for me, has always been that it is a city that knows how to rebound. Many of the reasons it has needed to have been caused by events beyond its control: an earthquake that levelled sections of the city; the dot-com bust; and the financial crisis that struck in the past two decades. Now it must to do it again, largely due to the lingering effects of the coronavirus pandemic . As the office work became remote, so too did the streets of the city. With them went the businesses that depend on regular footfall, with retailers such as Nordstrom and Lululemon leaving the downtown area. Macy's announced it would close its Union Square store as soon as it found a buyer. READ MORE The doomsayers were out in force. San Francisco was done, over. There was no coming back from this one. That is an exaggerated opinion. Having spent a few days there recently, I can see the difference in the pre-pandemic city. It's not bad, just quiet. The new office campuses in the south of the city are shiny and clean, but the streets are emptier than you would expect. Even in the more tourist areas, such as Fisherman's Wharf, it was almost deserted nearing lunchtime. There are parallels to be drawn here with Dublin. The capital city has been accused of going into decline in recent years, with rising crime and a housing crisis contributing to a feeling of a city that has lost its way. Like San Francisco, the capital has made itself a hub for tech companies. That makes the workforce vulnerable to the whims of the sector, as we have seen when tech companies rowed back on employment in 2022 and 2023. But unlike the US city, many of the big tech employers here are not home-grown. They may have put down roots and invested money in building their operations, but that adds another layer of uncertainty when you take into account the shifting investment priorities of multinationals. San Francisco has a well-documented housing crisis and it is expensive to buy or rent in the Bay Area. Dublin has its problems on that front. A quick check on or will generate two-bedroom apartments up for rent in the city centre for about €3,000. They're not particularly luxurious either; apartments described as 'luxury' will set you back north of €3,500 a month. And if you plan on buying, strap yourself in for a wild ride. The houses that are seemingly within your price range will eventually sell for €90,000 to €100,000 over asking price, or more. You will find yourself in an online bidding war with Bidder7239, in what feels like the world's worst eBay auction – if you win, you get to saddle yourself with debt for the next 30 years. There have been complaints about crime levels, anecdotally, some of which are backed up by official figures. The Central Statistics Office data show increases in certain types of crime in the capital, with public order offences up 13 per cent last year. Only robberies and drug offences showed a decline. San Francisco is short about 500 police officers; last year, Fianna Fáil MEP Barry Andrews called out Dublin's 'chronic' shortage of gardaí, saying it was creating 'no-go' areas in the city for tourists and families. It doesn't help that large swathes of Dublin city feel empty much of the time. Office vacancy rates are about 13.5 per cent, below the national average but high enough to give people pause for thought. 'I've entrepreneurial spirit in my veins' – Apprentice star Jordan Dargan Listen | 44:45 So what can be done? San Francisco has a plan. When Stripe co-founders Patrick and John Collison were joined at Sessions by the city's new mayor, things seemed upbeat. Levi Strauss heir Daniel Lurie outlined his plan to revitalise a city that has been viewed in terminal decline, from recruiting more police officers to opening up new places to help people on the streets who need healthcare and drug rehabilitation. [ The Collisons: Stripe's 30-something billionaires Opens in new window ] There are designated entertainment areas in an attempt to keep people in the city after hours. The latest initiative is the SF Downtown Development Corporation, which is bringing private capital and civic expertise together to bankroll long-term economic development in the central business district. Many of the policies implemented by the new mayor, Daniel Lurie, are viewed as extensions of his predecessor's plans. But regardless, Lurie is making a difference in the opinion polls, with an increased number of people saying they are more positive about the city's prospects. And it is all about perception, isn't it? Well, perception, a workable plan and most of all, money. There's a lot more of that floating around San Francisco. Perhaps Dublin needs to take a leaf from San Francisco and tap into the tech wealth to help regenerate the city for people, and by extension, the businesses that depend on it.
Yahoo
08-05-2025
- Business
- Yahoo
Papa John's Affirms Full-Year Sales Outlook, Tops First-Quarter Top-Line Estimates
Papa John's International (PZZA) affirmed its guidance for a rebound in system-wide sales this year 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
