Tesla, Alibaba, Nio: Earnings Spotlight
By Syfe  •  June 10, 2022
US stocks tumbled late yesterday as jittery investors awaited the latest US Consumer Price Index (CPI) that’s due to be released today. The data will shed more light on how aggressively the Federal Reserve must hike interest rates in order to tame inflation. Stocks have bounced back and forth in recent weeks as investors search for signs that the Fed could take a pause on rate hikes at its September meeting. With every piece of economic data released, sentiment has swung between optimism and gloom, resulting in bouts of market volatility. Here are the stocks making headlines this week. Tesla  Tesla was once again in the spotlight after UBS upgraded the stock from “Neutral” to “Buy” with a price target of $1,100 per share, implying a 50% upside for the stock from current levels. UBS analyst Patrick Hummel said Tesla’s operational outlook is “stronger than ever before” thanks to a huge order backlog and structural competitive advantages in key supply chains....
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By Syfe
Syfe is a digital investment platform that is building the next generation of financial solutions for individuals across Asia ...

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