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.
Adobe (ADBE) has delivered a strong second quarter earnings report, beating Wall Street's expectations on the top and bottom lines. The software giant reported revenue of $5.31 billion, surpassing analysts' projections of $5.29 billion. Adobe's adjusted earnings per share (EPS) came in at $4.48, topping estimates of $4.40. The company boosted its full-year EPS guidance as a result, sending shares higher in Thursday's trading session. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
We recently published a list of 10 Biggest AI Stories and Ratings Updates You Should Not Miss This Week. Since Adobe Inc (NYSE:ADBE) ranks 8th on the list, it deserves a deeper look. The Federal Reserve now expects just one rate cut in this year, and the market’s reaction to this development has been calmer-than-expected, […]