Whether it's cloud computing, other forms of enterprise, video games or another segment, software stocks and exchange traded funds are growing at torrid paces this year.On Wednesday, several software ETFs spanning a variety of genres extended their good fortune from the second quarter, soaring to start the third while entering the all-time high club.Not all software ETFs are alike, but the group has at least one thing in common: concerns that the group is becoming overvalued. Then again, growth stocks keep outperforming their value rivals -- and valuation alone isn't a reason to dump a security.With the valuation warning in mind, here's a trio of soaring software ETFs.WisdomTree Cloud Computing Fund (WCLD)All the WisdomTree Cloud Computing Fund (NASDAQ: WCLD) has done is more than double off its March lows and gain about 73% in the second quarter. It's even up nearly 11% since the last time it was highlighted in this...
On Thursday, Wedbush analyst Dan Ives raised his bull case price target for shares of Tesla to $2,000 from $1,500. While his base case was lifted from $1,000 to $1,250 (a street high), he maintains a neutral rating on the stock. The Final Round panel discusses the bullish call, and the road ahead for the electric automaker.
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After a better-than-expected jobs report, stocks finished the holiday-shortened trading week on a strong note. Let's look at a few top stock trades for the first full week of July. Top Stock Trades for Tomorrow No. 1: Nio (NIO) Click to EnlargeSource: Chart courtesy of StockCharts.com The $5 to $6 zone was set to be a tough one for Nio (NYSE:NIO), which topped out in this area in the first quarter of 2020. Previously, this zone had been support for the stock, before Nio slumped badly in 2019.In any regard, electric car stocks have serious momentum right now -- led by Tesla (NASDAQ:TSLA), which has amassed a market cap north of $200 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn any regard, Nio shares keep pressing higher, up more than 30% so far this week. Investors undoubtedly have their eyes fixed on $10. * 7 American Manufacturing Stocks to...
(Bloomberg) -- Elon Musk provoked the U.S. Securities and Exchange Commission in the course of taking a victory lap on Twitter over Tesla Inc.’s surging share price.The chief executive officer first taunted short sellers in a string of tweets, joking that the electric-car maker would “make fabulous short shorts in radiant red satin with gold trim.” That’s an apparent reference to a post two years ago that he would send “a box of short shorts” to hedge fund manager David Einhorn, one of Tesla’s most prominent critics.Then Musk, 49, wrote Thursday that he would send shorts to the SEC, referring to the agency again as the “Shortseller Enrichment Commission.” He first used the phrase in October 2018 after the regulator accused him of securities fraud.The SEC sued Musk in September 2018 over his tweets a month earlier claiming that he had funding to take Tesla private at $420 a share. The...
