Tom Lee, head of research at Fundstrat, recently made a bold prediction about Bitcoin‘s (CRYPTO: BTC) potential to reach a valuation comparable to gold, as shared by The Moon Show on X. What Happened: In a post on X on Friday, The Moon Show referenced a statement by Lee, suggesting that Bitcoin’s network value could eventually match that of gold. […]
Jim Cramer: SoFi Goes To ‘New Highs,’ Recommends Not Buying This Health Care Stock
On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he likes SoFi Technologies, Inc. (NASDAQ:SOFI), adding that the stock goes to “new highs.” To support his view, the company reported quarterly adjusted sales of $770.72 million on April 29, beating analyst estimates of $739.04 million. The company also reported quarterly adjusted earnings of 6 cents […]
Pan American Acquires MAG For $2.1 Billion
Pan American Silver Corp. (NYSE:PAAS) and MAG Silver Corp. (AMEX:MAG) disclosed a definitive deal for Pan American to acquire MAG Silver’s shares through a plan of arrangement. As per the deal, MAG shareholders will receive approximately $2.1 billion ($20.54 per MAG share based on PAAS’s May 9, 2025 NYSE closing price) in a mix of […]
EVgo Is Well-Positioned For Robust Revenue Growth: Analyst
J.P. Morgan analyst Bill Peterson reiterated an Overweight rating on the shares of Evgo Inc (NASDAQ:EVGO) with a price forecast of $5.00. EVgo beat revenue expectations, thanks in part to stronger-than-anticipated performance from its eXtend business, said the analyst. The company reaffirmed both its financial and stall deployment targets, easing investor concerns around the stability […]
Novo Nordisk’s Wegovy Sales Surge 85% But Compounded Weight Loss Drugs In US Impacts Annual Outlook
Novo Nordisk A/S (NYSE:NVO) on Wednesday reported first-quarter 2025 sales of roughly $10.89 billion (78.09 billion Danish kroner), missing the consensus of $11.64 billion. Sales increased by 19% in Danish kroner and 18% at CER. In U.S. Operations, sales increased by 20% in Danish kroner and 17% at CER. Sales in International Operations increased by […]
Elon Musk Wants His Legacy To Be Advancing Civilization, Says Without ‘Truth-Seeking AI,’ The Future Could Be ‘Dangerous’
In a recent interview, Tesla CEO and billionaire Elon Musk shared what he hopes will eventually become his legacy: helping civilization progress. Alongside his ambitious objectives for Tesla, SpaceX, and Neuralink, Musk stressed a mounting priority: developing artificial intelligence that is “maximally truth-seeking,” which he called essential for AI safety. What Happened: Speaking to Lara […]
Apple ‘Could’ Bring iPhone Manufacturing To U.S.
Apple Inc.’s (NASDAQ:AAPL) CEO Tim Cook has reportedly identified a crucial factor that could see iPhone manufacturing shift to the United States. What Happened: U.S. Commerce Secretary Howard Lutnick, in a conversation with CNBC’s Brian Sullivan on “The Exchange” Tuesday, shared details of a discussion he had with Apple CEO Tim Cook about the possibility of relocating iPhone […]
Jim Cramer: This Tech Stock Is ‘Not Great, Not Bad’, Alaska Air Can Still Go Lower
On CNBC’s “Mad Money Lightning Round,” Jim Cramer said Alaska Air Group, Inc. (NYSE:ALK) can still go lower. “It’s really well-run, so don’t take this the wrong way, but the airlines are wrong to own right here because people think we’re going into a travel recession.” On the earnings front, Alaska Air Group reported worse-than-expected […]
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What’s Going On With NIO Shares Wednesday?
September 4, 2024
NIO Inc. (NYSE:NIO) shares are trading higher in the premarket session on Wednesday. According to Benzinga Pro, NIO stock has gained over 6% in the past month. Investors can gain exposure to the stock via KraneShares Electric Vehicles and Future Mobility Index ETF (NYSE:KARS) and Invesco Golden Dragon China ETF (NASDAQ:PGJ). Last month, the electric vehicle (EV) manufacturer […]
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