Welcome to Extreme Investor Network, where we bring you exclusive insights and expert analysis to help you make the most of your investments. Today, we are diving into key discussions from CNBC’s “Worldwide Exchange” to uncover some exciting opportunities in the market.
First up, let’s talk about Tesla (TSLA). George Gianarikas from Cannaccord Genuity recently appeared on Worldwide Exchange to discuss Tesla’s latest earnings report. He raised his price target to $278, citing exceptional margins and a promising outlook for the EV maker. With production costs at all-time lows and plans for a lower-cost vehicle in the pipeline, Tesla is definitely a stock to watch.
Next, we turn our attention to Starbucks (SBUX). The coffee giant recently released preliminary results that showed a decline in sales, prompting a necessary step towards a turnaround plan led by new CEO Brian Niccol. While the early release of results may have been polarizing, it sets the stage for a focused earnings call next Wednesday. As Matt Powers of Powers Advisory Group noted, Starbucks is making strategic moves to revitalize its business and regain investor confidence.
Looking beyond traditional investments, Joanna Gallegos of BondBloxx highlighted a compelling opportunity in high yield bonds. Despite rising Treasury yields, the corporate credit market is looking strong, making high yield bonds an attractive option for investors. Gallegos recommended considering high yield bond ETFs like BondBloxx CCC Rated USD High Yield Corporate Bond ETF (XCCC) and BondBloxx BB Rated USD High Yield Corporate Bond ETF (XBB), offering impressive yields of over 10% and 6% respectively.
At Extreme Investor Network, we are committed to providing you with the latest insights and expert opinions to help you navigate the ever-changing investment landscape. Stay tuned for more exclusive content and valuable tips to help you achieve your financial goals.