All articles tagged with #stockperformance
Disney is set to report earnings with expectations of slight revenue growth and an 8% decline in earnings per share, amid ongoing transition to streaming services and challenges like disputes with YouTube TV. Despite a sluggish stock performance in 2025, analysts remain optimistic about Disney's long-term prospects driven by its strong portfolio of brands and franchises, with a potential 17% upside.
Meta Platforms Inc., known for its strong performance in the stock market last year, is anticipated to continue its upward trajectory in 2024. Analysts attribute this optimism to the company's effective use of artificial intelligence and the potential for growth in business messaging services. Investors are keeping a close eye on Meta as it leverages these technologies to drive future success.
Despite Tesla's record vehicle deliveries in Q4 and meeting its full-year targets, Wall Street analysts remain unimpressed, focusing on the company's end-of-year earnings and potential profit challenges in 2024. Analysts are particularly concerned about auto gross margins and vehicle pricing, as Tesla's aggressive price cuts and discounts to maintain sales momentum have led to a significant drop in margins. Tesla's stock price has reflected these concerns, with a decline during recent market action. Additionally, competition in the EV market is intensifying, with China's BYD surpassing Tesla in BEV sales and Rivian also making strides, although it fell slightly short of Q4 delivery expectations. Tesla CEO Elon Musk emphasizes that Tesla is more of an AI/robotics company than a traditional automaker, a sentiment echoed by some analysts who see a broader value in the company beyond its EV business.
In 2023, the S&P 500 index outperformed expectations, closing at 4,769, led by Meta Platforms and Nvidia, with gains of 194% and 239% respectively. Meta's turnaround was driven by a focus on efficiency, AI-driven content recommendations, and a recovering ad market, while Nvidia's success was fueled by its dominance in AI data center chips. Both companies are expected to continue their upward trajectory in 2024, with Wall Street predicting further increases in revenue and earnings.
Apple experienced its longest revenue decline in 22 years, with four consecutive quarters of falling sales, despite achieving a total revenue of $383 billion and a profit of $97 billion in fiscal 2023. The company's stock underperformed compared to other tech giants like NVIDIA and Meta, and it faced challenges in hardware sales, with significant drops in iPad and Mac revenues. However, strong iPhone sales and a robust Services division, which could be worth up to $1.6 trillion in 2024, offer a counterbalance. Apple also plans to push its high-end mixed-reality headset, the Vision Pro, in the face of stiff competition and a slowing global economy.