3 Big Stock Market Calls You Missed This Week


The bond king roared. The stock market wobbled. Mortgage rates slid to an astonishing 7%.

Here are several calls in the market that you probably missed during this busy week.

King Bond sounds the alarm

DoubleLine Capital founder and CEO Jeffrey Gundlach was in high spirits and in top investment form when Yahoo Finance (video above) met him at his sleek new industrial-themed office in Tampa, Florida this week to an exclusive meeting.

Gundlach struck a note of caution on the economic outlook (he sees a hard landing), but also sounded the alarm to call attention to a market risk not many are thinking about yet.

“I don’t know if it’s a risk for this year… but I think China taking over Taiwan is a very significant risk,” he said. “They [China] I love the fact that I’m sure we’re destroying a lot of our munitions in defense of Ukraine, which obviously exhausts our ability to arm Taiwan. So they’d love for us to blow up all our stuff in the Ukraine. That balloon is coming, there’s a lot of strange things going on that one should think the risk of further escalation of hostilities is the probability.”

This is what Gundlach told us.

Nvidia Hype forces the hand of Goldman Sachs

A favorite ticker of Yahoo Finance users, Nvidia (NVDA), saw shares explode 14% on Thursday. The move wasn’t because the computing giant had an amazing fourth quarter; in fact, sales fell 21% amid a broader pullback in tech demand, as Yahoo Finance’s Julie Hyman and Brad Smith collapsed on a new “After Call” segment.

But what the company did do was sell the spark of the tech buzzword of the day: AI (also known as artificial intelligence), as Yahoo Finance’s Dan Howley reports.

An upbeat, AI-filled earnings call prompted Goldman Sachs analyst Toshiya Hari to upgrade his rating on Nvidia shares to buy from hold. Hari’s new 12-month price target on Nvidia: $275, which is around 17% up from current levels.

Hari said in his update note: “In hindsight, we acknowledge that our decision to stand on the sidelines in anticipation of a setback in the company’s fundamentals was wrong. Looking ahead, though we acknowledge that the stock has significantly outperformed the year-to-date, we are updating the stock from neutral to buy with an updated 12-month price target of $275, as we believe the combination of positive estimate revisions and a possible expansion in the stock’s multiple, consistent with historic phases of recovery, will drive continued outperformance in the stock.”

For more Nvidia analysis from Yahoo’s Finance team, head here.

A big day is coming for Tesla… and maybe Deutsche Bank

Yahoo Finance’s Pras Subramanian will pay close attention to Tesla’s investor day on March 1, where the Elon Musk-led EV maker is expected to roll out several software updates (among other new initiatives). Knowing the unpredictable Musk, he could very well provide an update on demand for the quarter to date.

You never know with Elon.

But what Deutsche Bank analyst Emmanuel Rosner think he knows it’s a big bullish move in Tesla stock because of the information derived from investor day.

“We believe [the investor day] has the potential to help stocks continue to reclassify,” Rosner said in a note to a client.

He added: “We look forward to the company presenting Master Plan 3 and laying out the main drivers of its long-term growth strategy and, in particular, its third-generation vehicle platform that could support multiple future vehicles and segments at a lower price. “. anticipate updates to your FSD [full self-driving] V11 software, HW4 hardware, Cybertruck/Semi production, Model 3 Highland project upgrade, and increased energy storage business. To support its volume and cost targets, we believe Tesla will discuss the role of in-house battery manufacturing technology, capacity expansion, and actions to secure raw materials.”

Rosner raised his price target on Tesla shares to $250 from $220, predicting an upside of about 24% from current levels. Of course, Rosner is fully on board with a buy rating on the shares.

Brian Sozzi is the executive editor of Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and in LinkedIn.

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