Invesco Solar ETF (TAN)
After hours:
- Yahoo Finance Video
Commercial real estate, Good Buy or Goodbye: Market Domination
The markets are rushing to the close with just one hour to go, but Market Domination's Julie Hyman and Josh Lipton are still here to walk investors through the day's biggest stories and stock moves. BD8 Capital Partners CEO and chief investment officer Barbara Doran lays out the key differences between President Biden and former President Trump's fiscal policies, and what they both mean for US equity markets (^DJI, ^IXIC, ^GSPC) at large. Doran sticks around for today's episode of Good Buy or Goodbye and argues which music label stock investors should be watching. Moody's Analytics head of commercial real estate economics Tom LaSalvia joins the program to discuss the biggest detractors to getting the CRE sector back on track as office vacancy rates climb to record highs. Other top trending tickers on the Yahoo Finance platform include Nvidia (NVDA), ServiceNow (NOW), and ExxonMobil (XOM). For more expert insight and the latest market action, click here. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
SolarEdge stock down 70% in 2024. Can it stage a comeback?
SolarEdge (SEDG) got a 9% bump to the upside in Monday's trading, while the solar energy technology company's stock has fallen by 70% year to date in 2024. Bank of America Securities upgraded the stock from Underperform to Neutral and slashed its price target from $44 to $29 per share. Market Domination welcomes BofA Securities clean energy analyst Dimple Gosai to talk more about SolarEdge's rating "The broader solar index [is underperforming] by close to 50% as well year to date... The stock is oversold. Investors are largely concerned that we might see the likes of inventory write-downs," Gosai tells Yahoo Finance. "You are seeing, SolarEdge struggling with things like customer, accounts receivable extensions, monetizing the balance sheet, weaker underlying demand. And the question is really when can these underlying trends really reverse? And so that's the fear in the market..." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
GE Vernova has 'multi-year pathway' to profitability: Analyst
General Electric (GE) has successfully split its business into three independent companies, with GE Vernova (GEV) representing the energy-focused division. RBC Capital Markets Analyst Chris Dendrinos joins Yahoo Finance Live to discuss his bullish initiation of coverage on GE Vernova, rating the stock as Outperform with a $160 price target. Dendrinos explains that with "multi-national conglomerate[s]," funds are often invested in certain parts of the business while others remain underinvested. With General Electric's company splitting into standalone businesses, he believes all investments for GE Vernova will be directed into the energy business, boosting transformation efforts. When asked about competition concerns, Dendrinos says that GE Vernova is a "leader" in all of its segments. However, he notes that on the wind front, Siemens Energy (ENR.DE) could be a competitor, and in the power segment, Mitsubishi (6503.T) could pose a challenge. Dendrinos highlights that GE Vernova has a "multi-year pathway" to financial improvement, emphasizing that it will be a long-term effort to reach normalization. Nevertheless, he believes the company will eventually achieve the desired free cash flow, which should boost the stock's valuation. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. Editor's note: This article was written by Angel Smith
