Stock futures pointed higher Friday ahead of the release of the Federal Reserve’s preferred inflation measure. Tesla (ticker: TSLA) was rising 0.9% in premarket trading to $127.28 after tumbling nearly 9% in the previous session. Dan Ives, an analyst at Wedbush and long-time Tesla bull, cut his price target on Tesla shares to $175 from $250 but kept an Outperform rating on the stock. Read More...
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Where to Invest $100 Right Now
When considering where to place your hard-earned capital in this kind of market environment, investors should seek out companies that are successfully managing the current economy, have competitive advantages, and sell for attractive valuations. Higher interest rates across the economy are certainly having a negative effect on all businesses in a range of industries, but some could argue that because of Home Depot’s connection to the important U.S. housing market, it is affected even more. This is why experts follow the housing market so closely.
