The fallout from the Middle East situation is shaking global markets.
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.
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.