TACO trade is backfiring on Wall Street
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Cryptopolitan on MSNWall Street fell Friday, with the Dow down 297 points and the S&P 500 slipping 0.3%Wall Street gave up gains Friday after President Donald Trump hit Canada with a fresh 35% tariff and promised more across the board. This came just a day after the S&P 500 set a brand new all-time high.
Probably the biggest concern about the stock, though, is that its valuation is unjustifiable. Palantir's shares trade at 238 times forward earnings. Its price/earnings-to-growth (PEG) ratio, which factors in analysts' earnings growth projections over the next five years, is a sky-high 4.18, according to LSEG.
Stock indexes closed higher on Wall Street, enough to nudge the S&P 500 and the Nasdaq composite to more records.
Nvidia (NASDAQ: NVDA) stock currently trades for around $155. However, Loop Capital just gave Nvidia a new price target of $250 per share. That indicates around 60% upside from today's price, but the implications of a $250-per-share stock are far greater.
Key PointsVolatility has been readily apparent for the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite since 2025 began.Inflationary fears have been heightened by President Donald Trump's tariff and trade policy,
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InvestorsHub on MSNDow Jones, S&P, Nasdaq, Wall Street Set for Lower Open Amid Renewed Tariff FearsU.S. stock markets are poised to open lower on Friday as futures for the major indexes signal a retreat, with investors bracing for renewed trade tensions following two days of gains. The pullback comes in response to rising anxiety over President Donald Trump’s latest trade actions,
By Sinéad Carew and Pranav Kashyap (Reuters) -Wall Street indexes rose on Thursday, with the S&P 500 and the Nasdaq Composite marking closing record highs, as investors shrugged off President Donald Trump's latest tariff moves,
MongoDB develops the leading document-oriented database, a technology that lends itself to AI applications, and the current valuation is cheap versus the three-year average.