Our call of the day comes as investors wait for electric-vehicle giant Tesla to report later. Wall Street doesn't get it, says ARK's Cathie Wood.
It’s looking like a jittery start to the week, with stock futures falling, and China and Hong Kong stocks slumping amid a technology crackdown. Bitcoin is headed the other way, thanks in part to a help-wanted ad from Amazon.com.
In the first of a series of interviews that published Monday on Real Vision, Wood zeroed in on shortcomings of Wall Street, which she said needs more specified technology analysis. She highlighted its approach to Tesla as one example. “Tesla is a technology company, but it’s not just one technology company,” she said, pointing to energy storage, robotics, artificial intelligence and software-as-a-service. “So we have three analysts building the Tesla model,” she said.
It will be “critically important to get innovation right and I do not believe traditional research departments are set up to do that right now,” said the money manager. You can check out part one of her interview here.China 000300, -3.22% and Hong Kong HSI, -4.13% stocks have been hammered, led by technology names, after Beijing announced an overhaul of the tech education sector. Shares of U.S. -listed New Oriental Education & Technology Group EDU, -54.22%.
Defense group Lockheed Martin LMT, +0.22% is due to report, while shares of toy maker Hasbro HAS, -0.89% is rising after a big profit beat. Tesla is coming after the bell.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Apple, Amazon, Tesla Among the Giants Set to Post Results180 members of the S&P 500 are scheduled to provide quarterly updates starting Monday, giving investors insight into the impact from the pandemic, the Delta variant and increased business costs
Leer más »
Tesla and more: Goldman Sachs names 10 electric vehicle stocks to buy right nowNew for subscribers: Tesla and more: Goldman Sachs names 10 electric vehicle stocks to buy right now. Check out CNBCPro today.
Leer más »
2022 EQS 580 4Matic: Mercedes’s Answer to the Tesla Model SWith the EQS, Daimler introduces the first of four Mercedes-EQ models that will share an all-new electric architecture. Should Elon Musk be worried? Dan Neil doesn’t think so.
Leer más »
Thousands enjoy Latitude Festival after Covid cancels 2020 eventThe organiser of the four-day event says 'it's a dream come true' it has been able to go ahead.
Leer más »
Stock futures hold steady ahead of a huge week of Big Tech earningsStock futures opened little changed ahead of a busy week of earnings reports from technology's heaviest hitters.
Leer más »
Asia-Pacific stocks set for mixed start following record closing highs on Wall StreetAll three of the major averages stateside ended at record closing highs last week.
Leer más »