Analysis

NEW YORK (Reuters) - Shares of former U.S. President Donald Trump's media company hit their highest closing level in about six weeks on Thursday, with the stock rising 17.3% on brisk volume as it extended recent gains.

(Reuters) - Billionaire Warren Buffett's Berkshire Hathaway unloaded more Bank of America stock this week that takes its stake in the U.S. banking giant below 10%.

(Reuters) - Tesla CEO Elon Musk showcased on Thursday a long-awaited robotaxi with two gull-wing doors and no steering wheel or pedals and surprised with robovan, betting on a shift in focus from low-priced mass-market cars to robotic vehicles.

CrowdStrike (NASDAQ: CRWD) stock gained ground in Thursday's trading. The cybersecurity specialist's share price closed out the day's trading up 5.1% and had been up as much as 5.4% earlier in the daily session.

Investing.com -- Bernstein analysts downgraded PayPal (NASDAQ:PYPL) Market-Perform from Outperform in a note Thursday, citing concerns over rising competitive pressures and uncertainty around the company's long-term growth trajectory.

Advanced Micro Devices (NASDAQ: AMD) stock lost ground Thursday following the company's Advancing AI conference. The semiconductor specialist's share price ended the day down 4%.

Investing.com -- Analysts at Truist Securities have upgraded Nike (NYSE:NKE) stock to Buy, a move driven by optimism around recent leadership changes.

Investing.com -- JPMorgan (NYSE:JPM) has downgraded multiple metals and mining (M&M) stocks following China's recent stimulus efforts, suggesting that the expected impact of the policy measures may be more limited than initially hoped.

JPMorgan analysts note that “this is an idiosyncratic credit situation, should a downgrade occur. No other large fallen angel has ever transitioned at such tight spreads.”

AMD (NASDAQ:AMD) is set to host its "Advancing AI" event this week, where analysts expect to hear about new product announcements that could lift sales and drive the chipmaker’s stock price.

From the beginning of 2019 to the end of 2020, Nvidia (NASDAQ: NVDA) more than tripled its market capitalization.

TradingKey - This week, bank stocks will kick off the Q3 2024 U.S. earnings season. JPMorgan Chase and Wells Fargo will report on October 11, followed by Bank of America, Goldman Sachs, Citigroup on October 15, and Morgan Stanley on October 16.

WASHINGTON (Reuters) -The lead negotiator for a Boeing union representing about 33,000 workers who have been on strike for nearly a month said on Wednesday that members were prepared to wait out the planemaker, after pay talks collapsed a day earlier.

The S&P 500 recently completed its latest quarterly rebalancing, a move to ensure the benchmark serves its purpose -- showcasing the performance of the top 500 companies driving today's economy.

Nvidia (NASDAQ: NVDA) stock has delivered stunning returns once again in 2024 following a blistering performance last year, but a closer look at the company's price chart will tell us that it has lost momentum over the past three months.

Meta Platforms on Wednesday released its AI chatbot Meta AI in several markets including the UK, amid a backlash over user data privacy. Meta launched the AI assistant together with its AI-boosted sunglasses that were modeled by chief executive Mark Zuckerberg.

Investing.com -- Citi said Tuesday it has begun research coverage on 19 companies within the Transportation and Logistics industry, highlighting the sector's recent struggles but also identifying a potential upside for investors.

Investing.com -- BMO Capital analysts believe Google (NASDAQ:GOOGL) and Meta Platforms (NASDAQ:META) are the top ad stocks heading into the fourth quarter of 2024 and 2025, citing their scale and advanced AI tools as key drivers. 

A Bernstein analyst recently raised the company's price target on RTX (NYSE: RTX) stock to $120 from $115 and maintained a "market perform" rating. The analyst notes that the aerospace and defense stock has had a strong run recently in line with the defense sector.

Investing.com – U.S. equities were higher at the close on Wednesday, as gains in the Consumer Services, Healthcare and Industrials sectors propelled shares higher.