Stock Market Nerd – Market Headlines – January 13, 2024

By Brad FreemanJanuary 14, 2024Posted in Stock Insights

Third-Party Content. Provided for informational purposes only. Not investment advice or a recommendation to buy or sell any security. See disclosure here.

Stock Market Nerd – Market Headlines – January 13, 2024

Tesla cut Model 3 and Model Y pricing in China. It has made a series of price cuts and some raises across markets over the last year.
Costco opened another store in China. The line to get in was hours long.
Boeing saw a mass grounding of its Max 9 planes following a panel blowing off mid-flight during the week. All passengers were thankfully safe. Two things are true: The U.S. government needs a successful Boeing and has a strong incentive to help it thrive. Secondly, this company still has immense headline risk and is candidly poorly run. A full overhaul of leadership is needed. And the new CEO should not come from the existing board like with the last transition.
Docusign put itself up for sale and is enjoying a bidding war between Bain and other funds.
CVS will close a large chunk of the pharmacies that it runs within Target stores.

Disclaimer: Third party content is provided for informational purposes only and should not be construed as an offer to sell or a solicitation of an offer to buy or sell any security. Third party content is not intended to serve as a recommendation to buy or sell any security and is not intended to serve as investment advice. Third party content creators are not affiliated with BBAE Holdings LLC, (“BBAE”) Redbridge Securities LLC (“Redbridge Securities”) or BBAE Advisors LLC (“BBAE Advisors”). All investments involve risk, including the possibility of total loss of principal. For additional important information, please click here.

Meet the Author

Brad Freeman

Stock Market Nerd, BBAE Contributor

Meet Brad Freeman, an independent financial analyst on the BBAE blog, and publisher of the popular StockMarketNerd newsletter. He's known for his thorough, candid takes on many of the most widely-held stocks’ earnings reports — and some less-known companies that Brad feels hold promise. When this University of Michigan finance grad isn't sharing his financial wisdom with his readers, he passionately supports his hometown Detroit sports teams. Keep an eye out for Brad's market analysis and insights.

Read more about Brad Freeman (StockMarketNerd)

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