Company

Tesla's joining the S&P 500 means it's time to talk about how ridiculously overvalued the company is

3 days ago   |   By Business Insider

Summary List Placement
Tesla made history last week when it became the most valuable company ever added to the S&P 500. After being snubbed in September, the carmaker has just joined an enviable financial club - and instantly became one of the 10 biggest holdings in the index.
The upshot of this momentous event is twofold. First, the short case against Tesla, already shot after the company went on an epic rally at the start of 2020, is now hopeless. Far more investors are going to be passively long Tesla's stock simply because index funds will buy the S&P, and Tesla with it.
Second...
Read more ...

 


Search by Tags

   Company      Ads      Market      Companies      Fund      Index      Buy      Marketing  


Billionaire investor Byron Wien says the stock market may be getting ahead...

Billionaire investor Byron Wien says the stock market may be getting ahead of itself as the Dow passes 30,000 - but tells long-term investors not to worry

Summary List Placement Billionaire investor Byron Wien told CNBC that the stock market may be getting ahead of itself as the Dow passed 30,000 for the first time ever on... Read more ...

Nikola surges 29% as GM backs EV regulations and investors speculate a deal...

Nikola surges 29% as GM backs EV regulations and investors speculate a deal between the two companies is near

Summary List Placement Electric-truck company Nikola gained as much as 29% on Tuesday after General Motors announced its no longer supporting the Trump administration's efforts... Read more ...

Here are 5 things employers should consider ahead of the new year

Here are 5 things employers should consider ahead of the new year

From the lasting effects of the COVID-19 pandemic on the way we work to the changes expected from a new presidential administration, the final weeks of this year are a good... Read more ...

US home prices climb record 3.1% as low mortgage rates fuel housing-market boom

US home prices climb record 3.1% as low mortgage rates fuel housing-market boom

Summary List Placement US home prices gained a record 3.1% in the third quarter as historically low mortgage rates boosted demand through the summer, the Federal Housing... Read more ...

As virus cases spike, Louisiana governor adds restrictions

As virus cases spike, Louisiana governor adds restrictions

BATON ROUGE, La. - With Louisiana seeing a new spike in coronavirus hospitalizations, Gov. John Bel Edwards on Tuesday toughened restrictions on businesses and gatherings ahead... Read more ...

Warren Buffett wants more small-business aid, less income inequality, and a...

Warren Buffett wants more small-business aid, less income inequality, and a robust economic recovery. He'll be happy to have Janet Yellen as treasury secretary

Summary List Placement Warren Buffett is likely pleased that President-elect Joe Biden intends to appoint Janet Yellen as treasury secretary. The billionaire investor and... Read more ...

Truist leadership: Banking relationships help Atlanta businesses amid...

Truist leadership: Banking relationships help Atlanta businesses amid economic uncertainty

Businesses in the Atlanta region have persevered during Covid-19, whether by pivoting operations to serve customers in a new way or coming up with new products and services for... Read more ...

The Latest: Russia says vaccine candidate effective, cheaper

The Latest: Russia says vaccine candidate effective, cheaper

MOSCOW - Russia has released new results claiming its experimental coronavirus vaccine is highly effective and will cost less than vaccines made by some Western competitors. Read more ...

POWER PLAYERS: 23 of the best financial advisors for millennials

POWER PLAYERS: 23 of the best financial advisors for millennials

Summary List Placement Millennials are staring down their second recession before the oldest of them turn 40 years old. Not only did much of the generation graduate into the... Read more ...

Home Depot agrees to $17.5m settlement in 2014 data breach

Home Depot agrees to $17.5m settlement in 2014 data breach

BOSTON - Home Depot has reached a $17.5 million settlement with the attorney generals of 46 states and the District of Columbia over a 2014 data breach that exposed the payment... Read more ...