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Nasdaq is 'moving faster than any train we've ever seen before': veteran strategist

The Nasdaq is like "a train that is moving faster than any train we've ever seen before,” says one veteran strategist.

A president Joe Biden would be brutal for the stock market — for this simplest reason

This market pro tells Yahoo Finance Joe Biden would not be good for investors. The explanation makes sense.

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  Sen. Tom Cotton reacts to Biden’s economic plan: ‘Talk is cheap, look at his record’

  FOX News Videos
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  Biden proposes $700 billion plan to spur manufacturing, research to create 5 million jobs

  USA TODAY

These ‘epicenter’ stocks could surge higher, says analyst who called March bottom

Surging tech stocks are hiding the opportunity in some beaten-down names, says Fundstrat's Tom Lee.

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  What Are FANG Stocks, And Should You Invest In Them?

  Investor's Business Daily
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  Nearly every FAANG stock hits a record high as the rally in mega-cap tech continues

  Business Insider

LinkedIn sued over allegation it secretly reads Apple users' clipboard content

According to Apple's website, Universal Clipboard allows users to copy text, images, photos, and videos on one Apple device and then paste the content onto another Apple device. According to the lawsuit filed in San Francisco federal court by Adam Bauer, LinkedIn reads the Clipboard information without notifying the user.

Why Peloton Stock Popped Today

Shares of Peloton Interactive (NASDAQ: PTON) jumped 6.2% on Friday after its chief financial officer hinted that the home-based fitness equipment maker could soon debut a lower-cost version of its popular treadmill. During Barron's Investing in Tech conference call on Wednesday, Peloton CFO Jill Woodworth said the company was considering a lower-priced treadmill as its next product offering. Investors' excitement over a potential new treadmill product launch drove Peloton's stock higher on Friday.

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  Peloton Says a Cheaper Treadmill Could Be a Rich Opportunity

  Motley Fool
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  The Numbers Behind Peloton's Strong Quarter

  Benzinga

Why The Shyft Group Stock Popped 14% Today

Shares of The Shyft Group (NASDAQ: SHYF), an automotive company specializing in the manufacture of commercial delivery vans, and particularly vans designed to facilitate e-commerce deliveries, soared a staggering 14.1% in Friday trading after Reuters reported that the biggest e-commerce company on the block is placing a big order with Shyft. As Reuters explained, Amazon.com (NASDAQ: AMZN) is ordering 2,200 of Shyft's "Utilimaster" walk-in delivery vans. Indeed, according to the news organization, the order was apparently placed last year, and at least some of Shyft's trucks are already in Amazon's possession and have been "seen recently operating in Chicago."

UnitedHealth Group (UNH) Gains But Lags Market: What You Should Know

UnitedHealth Group (UNH) closed the most recent trading day at $291.23, moving +0.02% from the previous trading session.

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  Sportsman's Warehouse (SPWH) Outpaces Stock Market Gains: What You Should Know

  Zacks
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  Smith & Wesson (SWBI) Stock Sinks As Market Gains: What You Should Know

  Zacks

Livongo Health (LVGO) Stock Sinks As Market Gains: What You Should Know

Livongo Health (LVGO) closed at $105.68 in the latest trading session, marking a -1.75% move from the prior day.

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  Virgin Galactic Holdings, Inc. (SPCE) Stock Sinks As Market Gains: What You Should Know

  Zacks
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  CoDiagnostics, Inc. (CODX) Gains But Lags Market: What You Should Know

  Zacks

Nasdaq Hits 3rd Straight Record as Tesla Tops $1,500 and Zoom Zooms to New Highs

The stock market has posted an amazing rebound from its March lows, but the real standout among major market benchmarks has been the Nasdaq Composite (NASDAQINDEX: ^IXIC). Tesla (NASDAQ: TSLA) and Zoom Video Communications (NASDAQ: ZM) have been among the top performers in the stock market lately, and today both companies saw their stocks move to new record levels. For Tesla, momentum seems to be unstoppable right now, even as short-sellers remain skeptical of the electric vehicle maker's prospects.

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  How Tesla's Chinese EV Market Is Worth $400 Per Share

  Benzinga
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  Tesla Expected To Clear This Key Hurdle To Even More Investor Demand For Shares

  Investor's Business Daily

Will NVIDIA Stock Surge to $500?

Strong growth in several massive markets will help drive NVIDIA's (NASDAQ: NVDA) share price to $500. So says Rosenblatt Securities analyst Hans Mosesmann. On Friday, Mosesmann reiterated his buy rating on NVIDIA's stock and boosted his target price from $400 to $500.

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  NVIDIA Now Most Valuable US Chipmaker, Intel Falls Behind

  Zacks
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  Graphics-Chip Maker Nvidia Soaring On Gaming, Data Center Trends

  Investor's Business Daily

Boeing Is Reportedly Getting Creative as It Tries to Move 737 Max Inventory

Boeing (NYSE: BA), facing uncertain demand for its 737 Max jet once it is recertified to fly, is reportedly scrambling to find creative ways for airlines to finance new plane deliveries. The 737 Max has been grounded since March 2019 after a pair of fatal accidents, but Boeing hopes to have the plane cleared to resume flying later this year. The crashes and the publicity that followed them have damaged the 737 Max brand.

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  Report: American Airlines Considering Cancelling Some 737 Max Orders

  Motley Fool
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  Boeing in scramble to shore up 737 MAX financing - sources

  Reuters

Dow Jones Rallies Despite Possible 737 Max Order Cancellation for Boeing, Dismal Bank Earnings Expected Next Week

American Airlines threatened to cancel 737 Max orders, and an analyst expects bank earnings to fall dramatically in the second quarter.

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  Report: American Airlines Considering Cancelling Some 737 Max Orders

  Motley Fool
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  Boeing in scramble to shore up 737 MAX financing - sources

  Reuters

Report: American Airlines Considering Cancelling Some 737 Max Orders

American Airlines Group (NASDAQ: AAL) is reportedly considering cancelling some of the Boeing (NYSE: BA) 737 Max planes it has on order, a fresh threat to Boeing's troubled jet. American has orders for 100 737 Max airplanes plus options for 60 more, and as recently as February, was eager to take delivery on the planes as soon as possible. According to a Friday Wall Street Journal report American has threatened to cancel some of its 737 Max orders.

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  Boeing in scramble to shore up 737 MAX financing - sources

  Reuters
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  Boeing Is Reportedly Getting Creative as It Tries to Move 737 Max Inventory

  Motley Fool

Peloton Says a Cheaper Treadmill Could Be a Rich Opportunity

Rumors of cheaper home fitness equipment from Peloton Interactive (NASDAQ: PTON) have gotten more of a workout from analysts than consumers working up a sweat on one of its pricey stationary bikes, but CFO Jill Woodworth says lower-cost equipment might finally be on the drawing board. Despite the cost of its bikes and treadmills, Peloton is still seeing strong consumer demand for them.

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  The Numbers Behind Peloton's Strong Quarter

  Benzinga
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  Could the VR headset be the next Peloton?

  TechCrunch

Amazon's homeless shelter faces Seattle crisis, criticism

A homeless shelter built on Amazon’s perfectly manicured urban Seattle campus is a major civic contribution that pushes the company to face the crisis and criticism in the hometown it has rapidly transformed. Believed to be the first homeless shelter built inside a corporate office building, Amazon’s partnership housing a local nonprofit could be seen as the company's answer to criticism that it hasn’t given back enough to the city.

Skin whitening creams remain online despite mercury findings

Skin-whitening creams identified as containing potentially dangerous levels of mercury continue to be sold online more than seven months after a watchdog group raised the alarm, including on platforms run by eBay <EBAY.O>, Amazon.com <AMZN.O> and Alibaba <BABA.N>, a Reuters review of the sites shows. The findings come at a time when skin lightening, a multi-billion dollar industry especially popular in Asia, Africa and the Caribbean, is under renewed criticism for promoting light skin as a beauty ideal. Many countries ban or restrict mercury in creams, which can damage the kidneys, brain and nervous system.

Amazon.com bans, then un-bans TikTok app from employee mobile devices

The news generated widespread attention for the Chinese-owned social media platform coming the same week U.S. Secretary of State Mike Pompeo said the United States is "certainly looking at" banning TikTok, suggesting it shared information with the Chinese government. It was not immediately clear what led to the initial ban by Amazon. One person familiar with the matter said senior Amazon executives were unaware of the request to delete TikTok from employee devices.

Exclusive: Apple supplier Foxconn to invest $1 billion in India, sources say

Foxconn <2317.TW> plans to invest up to $1 billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple <AAPL.O> iPhones, two sources said. The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple away from China as it navigates disruptions from a trade war between Beijing and Washington and the coronavirus crisis. "There's a strong request from Apple to its clients to move part of the iPhone production out of China," one of the sources with direct knowledge of the matter told Reuters.

Exclusive - Apple supplier Foxconn to invest $1 billion in India: sources

Foxconn plans to invest up to $1 billion to expand a factory in southern India where the Taiwanese contract manufacturer assembles Apple iPhones, two sources said. The move, the scale of which has not previously been reported, is part of a quiet and gradual production shift by Apple away from China as it navigates disruptions from a trade war between Beijing and Washington and the coronavirus crisis. "There's a strong request from Apple to its clients to move part of the iPhone production out of China," one of the sources with direct knowledge of the matter told Reuters.

Has Apple Surged Too Far, Too Fast? Analyst Weighs In

With the market getting extra frothy, it is legitimate to wonder whether we are in the midst of a bubble. Despite the growing disconnect between Wall Street and Main Street, the surge has been almost relentless since the coronavirus inflicted meltdown in March. Tech stocks, in particular, have outperformed, including the world’ largest company by market cap – Apple (AAPL).It has become increasingly hard to keep up, as Apple has repeatedly notched new all-time highs recently. In a research note to clients, Deutsche Bank analyst Jeriel Ong ponders this exact issue.“AAPL's prior pre-COVID peak was ~$325 back in Feb-20,” Ong noted, “and we can't say that the fundamentals behind the stock for 2021 and beyond are ~15% better than the pre-COVID era as the present difference in all-time highs today vs. back then suggests.”Additionally, aside from “the speed and magnitude of the rebound,” going forward, Ong says, Apple’s surge is at risk of being derailed due to several possible elements. These include a contracting economy with high unemployment rates and less spending from “smaller wallets,” a second COVID-19 wave which will result in stores closing again and the risk of delays to the anticipated iPhone 12 launch.So, with these concerns laid out, is now the time for investors to step aside and come back after Apple has cooled off?Uh-uh. Looking ahead, the pluses outweigh the minuses.Ong explained, “Long-term, we see investors building more confidence in 4 drivers of the stock (iPhone, AirPods, Services, and GM mix shift) as the market continues to stabilize. Simply put, while we see the risks outlined above and perhaps negative catalysts on the horizon (maybe a weak 4Q guide as a result of a delayed next-gen iPhone launch?) ultimately we continue to believe the reward/positive catalysts outweigh the risks, at least at this point in time.”Therefore, Ong keeps his Buy rating intact, and somewhat surprisingly given the concerns, increases the price target. The figure moves up from $380 to $400. (To watch Ong’s track record, click here)Among the analyst fraternity, Apple remains a firm favorite. AAPL's Strong Buy consensus rating is backed by 1 Sell, 6 Holds and a resounding 26 Buys. However, the Street expects shares to decline by 8%, should the $355.52 average price target be met over the following months. (See Apple stock-price forecast on TipRanks)To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. More recent articles from Smarter Analyst: * Aurora Cannabis (ACB): Transformation on Track * 3 “Strong Buy” Penny Stocks That Could See Outsized Gains * Amazon Is Said To Offer $100M In Stock Awards To Keep Zoox Talent * Walgreens Reports $1.7B Quarterly Loss, Cuts 4,000 Jobs Due To Covid-19 Impact