stocks of the week
Investing.com -- With macro and geopolitical uncertainty persisting and markets unable to find solid ground, there has again been plenty to talk about this week. Here are some of the names that stood out:
Tesla (NASDAQ: TSLA )
It’s been a mixed week for Tesla shares, starting off with a drop before regaining ground. At the time of writing on Friday, it is trading just above Monday’s open thanks to a more than 4% gain.
It was speculated that Monday’s decline may have been a video posted by YouTuber Mark Rober, which compared a Tesla vehicle on autopilot with vehicles equipped with LiDAR technology.
In a series of tests performed by Rober, LiDAR is said to have easily outperformed the Telsa.
Meanwhile, Tesla has become the focus of political violence, with individuals using attacks on Tesla facilities as a way of expressing opposition to CEO Elon Musk’s political affiliation.
Nvidia
On Tuesday, NVIDIA Corporation (NASDAQ: NVDA ) unveiled its strategic vision during the NVIDIA GTC 2025 Keynote.
CEO Jensen Huang highlighted advancements in artificial intelligence (AI) and accelerated computing. While NVIDIA showcased significant progress in AI infrastructure and innovations, the company also addressed hurdles in scaling AI technology.
However, the stock fell during the day, along with the general market, and despite climbing slightly since then, it has struggled to move back into positive territory.
Following the event, JPMorgan reiterated an Overweight rating and a $170 price target for Nvidia.
“We are encouraged by the market growth opportunities and, more importantly, NVIDIA’s ability to leverage its silicon architecture across multiple end-markets and applications,” said the bank. “This is supported by investments in software and ecosystem development, driving gross margin, operating margin, and earnings per share expansion.”
FedEx (NYSE: FDX )
FedEx reported its latest quarterly earnings after the close on Thursday, missing consensus earnings expectations, sending its shares sharply lower on Friday.
Morgan Stanley analysts reiterated an Underweight rating on the stock following the earnings release, stating: “The net result is that ‘revenue net of cost inflation’ column in the EBIT walk is now more than $1 bn worse than the initial guide at the start of the year.”
“The key question remains how much of this is cyclical macro vs. structural eCommerce changes,” added the bank. “We continue to believe that normalized EPS is closer to $15 than $25 and we would pay a 12x PE multiple at best, given the structural earnings concerns as well as high earnings volatility and low earnings quality."
Nike (NYSE: NKE )
Nike’s shares also fell sharply on Friday in reaction to its quarterly earnings release. The sportswear giant topped earnings and revenue expectations, but a warning of another quarter of sales decline worried investors.
In addition, the company posted a 17% decline in quarterly sales in China.
JPMorgan reacted to the report by lowering its target for Nike shares to $64 from $73. UBS also cut its target for the stock, this time to $66 from $73, telling investors that the report “likely drives sell-side EPS estimates significantly lower.”
“We still see risk Nike’s earnings outlook deteriorates further,” the bank wrote in a note. “We don’t believe Nike has improved its product assortment or marketing enough yet to ensure trends won’t get worse.”