Benzinga breaks down this weekend’s top stories covered by Barron’s. Here are the articles investors need to read.
In “Nvidia Loses $128 Billion in Market Cap, Biggest Drop Ever,” write Brian Swint and Angela Palumbo Nvidia Corp‘S NVDA market capitalization plunged by $128 billion, marking the largest decline on record, despite stellar performance over the past year.
In “Tesla Stock Is Down. Here Are Three Reasons,” Al Root and Rupert Steiner note Tesla Inc‘S TSLA shares took a hit as GM cut prices of its electric vehicles, sold stock by a well-known Tesla backer, and slashed delivery estimates, raising concerns about competition and the aging product line Tesla.
In “Boeing changes bonuses to fix production problems. It has a long way to go,” says Root Boeing Co BA is seeking to increase safety and quality by linking employee bonuses to these metrics, while aiming to regain trust despite current challenges and past incidents.
In “JP Morgan Stock Is Soaring. The Mega Banks Won’t Catch NYCB’s Malaise,” Paul R. La Monica writes that big banks, like JP Morgan Chase & Co JPMare thriving while regional banks struggle, with experts predicting continued success for the former group thanks to strong capitalization and favorable market conditions.
In “Apple stock price target lowered. iPhone sales in China to blame,” Teresa Rivas writes that several analysts are reducing their expectations for the Apple company AAPL in 2024 due to challenges, especially in China, but they still see better days ahead for the tech giant.
Read next: Has Nvidia fever broken? “Monday could be a rude awakening,” says the Portfolio Manager
This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Benzinga editors.Photo: Shutterstock