Tag: spike

5 Stocks in ETF Witnessing a Spike on the Nasdaq Rebound

After a three-day market rout, Wall Street rebounded in trading on Sep 9 as investors jumped in to buy beaten-down tech stocks. The move has pushed the tech-heavy Nasdaq 100 to log its best day since April. The stocks that had plunged the most in the market rout recovered the most.

Concerns about excess purchases of call options tied to the tech sector, delay in the late-stage trial of the leading COVID-19 vaccine from AstraZeneca Plc AZN, election uncertainty and a historically weak September month took a toll on the stocks. Though the combination of these factors will continue to

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Tesla stock can spike another 20% as it extends its lead against rival automakers, Jefferies says

Elon Musk
Elon Musk

Jae C. Hong/Associated Press

  • Tesla is rapidly extending its lead over legacy automakers, and its dominance can drive shares 20% higher over the next year, Jefferies analysts wrote Thursday.

  • The firm lifted its price target to $1,200 from $650, citing positive developments in the automaker’s battery technology, vehicle range, and business model.

  • The coronavirus pandemic will serve “as an accelerator of the transition to EV and renewables,” the team led by Philippe Houchois wrote.

  • An upside scenario fueled by a major battery breakthrough could send shares as high as $1,400 by June 2021, Jefferies added.

  • Watch Tesla trade

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Facebook reports spike in takedowns of hate speech, terrorism

By Katie Paul

SAN FRANCISCO (Reuters) – Facebook Inc on Tuesday reported a sharp increase in the number of posts it removed for promoting violence and hate speech across its apps, which it attributed to technology improvements for automatically identifying text and images.

The world’s biggest social media company removed about 4.7 million posts connected to hate organizations on its flagship app in the first quarter, up from 1.6 million in the 2019 fourth quarter. It also deleted 9.6 million posts containing hate speech, compared with 5.7 million in the prior period.

That marks a six-fold increase in hateful content

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