It could be potentially stormy this earnings season, given a tense economic backdrop due to the high inflation, rate hikes, and the banking crisis. So, it could be wise to.
Tesla’s (TSLA) electric vehicle market share has fallen amid rising competition. Moreover, TSLA currently trades at a premium to its peers. With the adoption of electric vehicles expected to rise.
After remaining under pressure since last year, the auto industry is expected to rebound this year. To capitalize on this opportunity, one could consider buying auto stocks Hyundai Motor Company.
The major stock market indexes have tumbled over fears of aggressive interest rate hikes by the Fed to control the multi-decade high inflation and an imminent recession. This market correction.
United States Steel (X) had reported stellar earnings in its last reported quarter. Although analysts expect its EPS to decline this year, the company is confident of reporting solid results.