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The Latest Breaking News from Wedbush

Elon Musk is using Tesla as his personal ‘ATM machine’ after cashing out another $3.5 billion in stock. It's a 'train wreck situation,’ Wedbush’s Dan Ives says.

“Investor frustration is building as the Musk brand has quickly deteriorated over the past six months,” the influential tech analyst wrote. "The Twitter nightmare continues."

Fortune

'The clock has struck midnight in China': Wedbush analyst Dan Ives says Apple needs a new plan after major iPhone supply chain disruptions

By 2025, 50% of iPhone production could be in these two countries instead, according to Wedbush tech analyst Dan Ives.

Fortune

Black Friday shoppers set for shortages of new iPhones because of supply issues

Consumers looking for a new iPhone 14 over the Black Friday shopping period may be out of luck, as experts say Apple shortages might last for the rest of the year

Daily Mirror

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Tesla Bull Yanks Off EV Maker From Wedbush's 'Best Ideas' List Amid Elon Musk's 'Twitter Antics'

Tesla Inc.

Benzinga

Elon Musk enrages Tesla investors, selling $4 billion in stock when they least expected it

Wedbush Securities tech analyst Dan Ives complained on Wednesday that Musk threw Tesla investors a curveball after claiming he was done selling stock.

Fortune

AMC Entertainment Q3 Earnings Preview: Apes Face Potentially Weak Quarter Riddled With 'Release Slate Holes'

AMC Entertainment Holdings Inc (NYSE: AMC) is set to report its third-quarter financial results on Tuesday.

Benzinga

Bloated And Burning Cash: Why This Analyst Doesn't Love Car Retailer Stock Carvana

“Deterioration in market conditions, a bloated cost structure, and high cash burn” are causing Wedbush analysts to foresee a darker future for used car dealer Carvana Co. (NYSE: CVNA).

Benzinga

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Benzinga's Top Ratings Upgrades, Downgrades For October 12, 2022

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Benzinga

Is The Rivian Recall Just A 'Speed Bump' For The Amazon-Backed EV Company?

Rivian Automotive Inc (NASDAQ: RIVN) shares ran into a speed bump Monday morning after the company announced a voluntary recall of mo

Benzinga

1 High-Risk Stock to Avoid in the Current Market Environment

Shares of television streaming company fuboTV (FUBO) have slumped more than 70% in price year-to-date. The company has also reduced its guidance for fiscal 2022. And considering its deteriorating financials and low profitability, it could be wise to avoid this high-risk growth stock now. Continue reading….

StockNews.com

Twitter Analyst Reacts To Elon Musk Dodging 'Game Of Thrones' Court Battle: 'Writing Was On The Wall'

Shares of Twitter Inc (NYSE: TWTR) surged Tuesday after it was reported that Tesla Inc (NASDAQ:

Benzinga

'Negative Short-Term Catalyst': Take-Two Hack Leaves Analysts Agape On 'Grand Theft Auto 6' Game Leak

The highly anticipated Grand Theft Auto 6 video game from Take-Two Interactive Software Inc (NASDAQ: TTWO) was officially confirmed by the company earlier this year b

Benzinga

1 Stock to Sell Before It Falls Even Lower

Television streaming platform fuboTV (FUBO) is trading more than 85% below its 52-week high. Despite the company’s positive guidance for the long term, analysts don’t expect the company to turn profitable anytime soon. So, we think it could be wise to sell the stock before it tumbles further. Read on….

StockNews.com

4 Starbucks Analysts React To Investor Day: 'Attractive Risk-Reward And Valuation'

Starbucks Corporation (NASDAQ: SBUX) shares traded high by 1.2% on Wednesday after the company held its first investor day event since announcing Laxman Narasimhan will be taking over as the new CEO.

Benzinga

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news in one place.

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StockNews.com

1 Stock to Avoid Despite It Being Less Than $5

After declining more than 70% year-to-date, fuboTV (FUBO) is currently trading below $5. Analysts expect its EPS to remain negative over the next two years. Given its weak financials and profitability, it could be wise to avoid the stock now. Read on….

StockNews.com

Is Fubo Stock a Good Bargain at the Lows?

Live TV operator fuboTV (FUBO) is trading near its 52-week low. However, with Wedbush analysts downgrading the stock recently, is FUBO a good bargain at the lows? Read on to find out….

Benzinga

Why This Twitter Analyst Says Whistleblower A 'Huge Potential Win' For Elon Musk

A former Twitter Inc (NYSE: TWTR) security chief has turned whistleblower, alleging the company knew of security and bot issues.

Benzinga

Is Tesla's Hypergrowth Story Over Or Just Getting Started? Here's What 2 Top Analysts Say

As Tesla Inc (NASDAQ: TSLA) shares began trading on a split-adjusted basis on Thursday, sell-side analysts on either side of the spect

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news in one place.

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Benzinga

Salesforce Faces Price Target Cuts On Guidance Cut, Shares Slide

Salesforce Inc (NYSE: CRM) reported upbeat results for its second quarter, but lowered its annual projections.

InsideEVs

Tesla Stock Splits 3-For-1, Wedbush Raises Price Target To $360

Other analysts are more optimistic, with Oppenheimer's Colin Rusch and The Future Fund's Gary Black estimating price targets of $383 and $550, respectively.

Benzinga

Is AMC Stock Overvalued? Blame Retail Investors, Analyst Says

Wedbush analyst Alicia Reese maintains AMC Entertainment Holdings Inc. (NYSE: AMC) with an Underperform rating and lowered the movie theater chain's price target from $4 to $2.

Benzinga

4 Rivian Analysts On Sales Growth, Widening Losses: Is EV Maker Back On Track After 'Horror Show' IPO?

Rivian Automotive Inc (NASDAQ: RIVN) shares were falling slightly Friday after the company reported impressive second-quarter revenue growth but said 2022 losses would be wider than expected.

The Independent UK

Elon Musk sells $7B in Tesla shares ahead of Twitter fight

Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For August 8, 2022

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For August 5, 2022

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