Tesla Takes a Hit with 37.67B Volume as Disney Soars and Nvidia Gains Momentum
Thursday, Nov 14, 2024 5:31 pm ET
2min read 1. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -5.77%, with the trading volume of 37.67B. Trump's proposal to eliminate the $7,500 electric vehicle tax credit impacts U.S. automakers, including Tesla, which also unveiled a new Model Y design. Pony.ai commenced its IPO on NASDAQ, raising $2.28 billion with backing from BAIC and GAC. Jefferies maintains Tesla's hold rating with a target price of $300.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.34%, with the trading volume of 28.47B. BlackRock increased holdings in tech giants, adding 43.4 million Apple shares, 7.5 million Microsoft, 1.23 million NVIDIA, and others in Q3. Susquehanna raised NVIDIA's target price to $180, emphasizing a positive rating, while Citigroup maintained a buy rating with a $170 target. NVIDIA collaborates to accelerate AI adoption in Japan.
3. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.40%, with the trading volume of 12.56B. Microsoft's cloud business faces an upcoming investigation from US regulators, while Xbox head Phil Spencer critiques the market potential of a $1000 console, seemingly targeting Sony's PS5 Pro. Additionally, BlackRock increased its holdings in Microsoft last quarter.
4. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.38%, with the trading volume of 10.19B. BlackRock increased its holdings in Apple by 43.4 million shares in Q3, as part of a strategy to boost stakes in the top seven tech companies, reflecting confidence in Apple's market position and growth potential.
5. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -1.22%, with the trading volume of 9.01B. BlackRock increased its holdings in Amazon by 18.55 million shares in the third quarter. Amazon's Global Selling Summit is scheduled for December in Nanjing, China. Amazon launched a low-priced store called Haul, delivering 75% of orders within seven days.
6. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -0.22%, with the trading volume of 8.74B. Microstrategy disclosed nine insider transactions on November 12, 2024, with Director Rechan Leslie J purchasing 20,000 shares on November 11, 2024.
7. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.49%, with the trading volume of 6.32B. Meta Platforms has been fined 7.98 billion euros by the EU for anti-competitive practices involving Facebook Marketplace. Additionally, a U.S. court has allowed the FTC's antitrust case against Meta's acquisitions of Instagram and WhatsApp to proceed.
8. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -1.84%, with the trading volume of 5.44B. Google launches Gemini AI chatbot on iOS, expanding beyond limited previous integrations. Google plans to halt political ads in the EU by October 2025 in response to upcoming regulations. Google enhances malware detection on Pixel phones with real-time threat and scam call detection.
9. The Walt Disneympany (NYSE: DIS)
The Walt Disneympany surged by 6.24%, with the trading volume of 5.23B. Disney's fourth-quarter revenue rose 6% to $22.6 billion, surpassing expectations, driven by strong streaming growth and Marvel's summer blockbuster success. The company's 2024 fiscal year revenue grew 3% to $91.4 billion, and profit increased significantly. CFO anticipates stronger advertising growth in 2025.
10. Coinbase Global (Nasdaq: COIN)
Coinbase Global dipped mildly by -2.06%, with the trading volume of 4.88B. Coinbase Global reported significant insider trading activity, with executive Alesia Haas selling 20,000 shares and director Frederick Wilson selling 40,000 shares on November 11, 2024.
Tesla dropped solidly by -5.77%, with the trading volume of 37.67B. Trump's proposal to eliminate the $7,500 electric vehicle tax credit impacts U.S. automakers, including Tesla, which also unveiled a new Model Y design. Pony.ai commenced its IPO on NASDAQ, raising $2.28 billion with backing from BAIC and GAC. Jefferies maintains Tesla's hold rating with a target price of $300.
2. Nvidia (Nasdaq: NVDA)
Nvidia gained mildly by 0.34%, with the trading volume of 28.47B. BlackRock increased holdings in tech giants, adding 43.4 million Apple shares, 7.5 million Microsoft, 1.23 million NVIDIA, and others in Q3. Susquehanna raised NVIDIA's target price to $180, emphasizing a positive rating, while Citigroup maintained a buy rating with a $170 target. NVIDIA collaborates to accelerate AI adoption in Japan.
3. Microsoft (Nasdaq: MSFT)
Microsoft gained mildly by 0.40%, with the trading volume of 12.56B. Microsoft's cloud business faces an upcoming investigation from US regulators, while Xbox head Phil Spencer critiques the market potential of a $1000 console, seemingly targeting Sony's PS5 Pro. Additionally, BlackRock increased its holdings in Microsoft last quarter.
4. Apple (Nasdaq: AAPL)
Apple gained mildly by 1.38%, with the trading volume of 10.19B. BlackRock increased its holdings in Apple by 43.4 million shares in Q3, as part of a strategy to boost stakes in the top seven tech companies, reflecting confidence in Apple's market position and growth potential.
5. Amazon (Nasdaq: AMZN)
Amazon.Com dipped mildly by -1.22%, with the trading volume of 9.01B. BlackRock increased its holdings in Amazon by 18.55 million shares in the third quarter. Amazon's Global Selling Summit is scheduled for December in Nanjing, China. Amazon launched a low-priced store called Haul, delivering 75% of orders within seven days.
6. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated dipped mildly by -0.22%, with the trading volume of 8.74B. Microstrategy disclosed nine insider transactions on November 12, 2024, with Director Rechan Leslie J purchasing 20,000 shares on November 11, 2024.
7. Meta Platforms (Nasdaq: META)
Meta Platforms dipped mildly by -0.49%, with the trading volume of 6.32B. Meta Platforms has been fined 7.98 billion euros by the EU for anti-competitive practices involving Facebook Marketplace. Additionally, a U.S. court has allowed the FTC's antitrust case against Meta's acquisitions of Instagram and WhatsApp to proceed.
8. Alphabet (Nasdaq: GOOGL)
Alphabet dipped mildly by -1.84%, with the trading volume of 5.44B. Google launches Gemini AI chatbot on iOS, expanding beyond limited previous integrations. Google plans to halt political ads in the EU by October 2025 in response to upcoming regulations. Google enhances malware detection on Pixel phones with real-time threat and scam call detection.
9. The Walt Disneympany (NYSE: DIS)
The Walt Disneympany surged by 6.24%, with the trading volume of 5.23B. Disney's fourth-quarter revenue rose 6% to $22.6 billion, surpassing expectations, driven by strong streaming growth and Marvel's summer blockbuster success. The company's 2024 fiscal year revenue grew 3% to $91.4 billion, and profit increased significantly. CFO anticipates stronger advertising growth in 2025.
10. Coinbase Global (Nasdaq: COIN)
Coinbase Global dipped mildly by -2.06%, with the trading volume of 4.88B. Coinbase Global reported significant insider trading activity, with executive Alesia Haas selling 20,000 shares and director Frederick Wilson selling 40,000 shares on November 11, 2024.
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