Nikkei 225 (^N225)
| Previous close | 38,720.47 |
| Open | 38,587.57 |
| Volume |
| Day's range | 38,554.75 - 39,025.70 |
| 52-week range | 30,487.67 - 41,087.75 |
| Avg. volume | 121,724,590 |
- Yahoo Finance Video
Tesla bulls and short sellers, French stocks pull back: Morning Brief
It's Friday morning, but even the stock market can't afford to take a three-day weekend! Morning Brief Hosts Seana Smith and Brad Smith guide investors through the leading industry stories and into the day's market open. Wall Street and tech investors are abuzz about Tesla (TSLA) and what CEO Elon Musk's pay package — valued at around $46 billion in the company's current stock price — is indicating about the future growth of the EV maker. Wedbush Securities Managing Director & Senior Equity Analyst Dan Ives details his latest forecast stipulating Tesla's market cap could be over $1 trillion in 2025. Clean Energy Transition CEO and Portfolio Manager Per Lekander later chimes in on why he believes Tesla is "the biggest stock market bubble in history" and that it could be "the next Enron." In stock news, Apple (AAPL) continues to hold the most valuable company title at the open after it's market cap surpassed Microsoft's (MSFT). France's CAC 40 (^FCHI) exchange takes a hit, falling by well over 2% as political tensions over France's snap election create unease in the market. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
June consumer sentiment disappoints, Tesla short-selling: Catalysts
On today's episode of Catalysts, co-hosts Seana Smith and Madison Mills dissect key economic data, the latest developments surrounding Tesla (TSLA), and check in on some of the day's top trending stocks. Kicking off the hour, the June Consumer Sentiment report fell to its lowest level since November, raising concerns about the economic landscape. To shed light on the market implications, Research Affiliates Founder and Chairman Rob Arnott joins to discussion, sharing his perspective on the market outlook after a hefty week of data. The show then shifts to the stock reactions of prominent companies such as Boeing (BA), GameStop (GME), and automaker Stellantis (STLA). Notably, Stellantis' decision to minimize electric vehicle production in China is explored. Finally, Tesla takes center stage with a focus on Elon Musk's recently approved $56 billion pay package. Canaccord Genuity Managing Director George Gianarikas joins the discussion, providing insights into the implications of this historic compensation plan for the company's future. Bireme Capital Founder and Chief Investment Officer Evan Tindell offers his perspective on the potential concerns surrounding short-sellers and their impact on Tesla's stock performance. This post was written by Angel Smith
- Yahoo Finance Video
Why Japanese stocks are the 'biggest opportunity' right now
Evan Tindell, the founder and chief investment officer of Bireme Capital, has approximately 40% of his assets invested in Japanese mid- to small-cap stocks. Tindell joins Catalysts to share his perspective on the opportunities within this market. Tindell advises investors to focus on the valuations of individual companies rather than solely relying on the actions of their respective central banks. This strategy has led him to identify "the biggest opportunity in Japan." Despite Japan's inflationary environment mirroring that of the United States, Tindell believes the Bank of Japan is "likely to normalize rates over a longer period of time." However, this doesn't change his outlook on the potential of Japanese stocks. As more Japanese companies shift their focus toward catering to shareholders, Tindell sees catalysts emerging in the form of share buybacks, dividend payments, and, eventually, the "opening up" of the market "for corporate control." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith
