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Tesla stock ( TSLA ) is down Monday following a strong recent run-up as one Wall Street bank says “animal spirits” have pushed the stock beyond any “fundamental change” at the company. Joseph Spak at UBS noted that Tesla stock has surged around 40% since the election, adding over $350 million to its market cap. While some of President-elect Donald Trump's policy proposals could favor Tesla, there are some policy negatives as well that would hurt fundamentals more than where the theoretical upside has taken the stock. “The rise in Tesla stock is mostly driven by animal spirits/momentum (which has happened multiple times in TSLA’s history),” Spak wrote. Tesla stock is down around 1% in midday trade, coming after Spak and UBS reiterated a rare Sell rating with a price target hike, to $226 from $197, for Tesla. Investors took Tesla stock to multiyear highs following Trump’s election win, mainly on the back of CEO Elon Musk’s full-throated endorsement of Trump. In return, Trump has unofficially placed Musk in his inner circle, allowed him to sit in on policy meetings, and named him to run a government efficiency council. Trump has also said his view on electric vehicles has improved due to Musk’s presence, though reports from the transition team claim the federal EV tax credit could be on the chopping block. While the removal of tax credits could hurt Tesla’s competitors more than Tesla itself, the calculation is not that simple. “The removal of consumer tax credits is not an absolute positive for US EV (and TSLA) demand. TSLA may have some new models/refreshes on the way which could help. But, we've seen pricing action (not including tax credits) only stabilize demand. So if credits go away, further pricing actions may be needed,” Spak wrote. The other bullish outcome for Tesla from Trump’s win is a more friendly regulatory environment, especially for Tesla’s robotaxi rollout. While there is a view that an easier regulatory “hurdle” is positive for Tesla’s robotaxi service, there is tempered by the fact that there really aren't any onerous federal autonomous vehicle regulations to "relax," Spak wrote, as the bigger issues are dealt with on a state-by-state basis. In fact, the bigger robotaxi challenge could be the technology itself. “A change in regulation doesn't immediately solve, nor change the timeline to solve, the technological challenge of unsupervised [Full Self-Driving],” Spak wrote. “We continue to believe that FSD is improving, but the product is not ready for wide scale robotaxi deployment.” As for the hike with his price target, Spak said stock is essentially at his prior upside case valuation, and using the bank’s 57 times forward 2026 price-earnings ratio nets a $226 price target which is well below the current stock price. Spak isn’t here to pour cold water on Tesla’s recent monster move. He just isn’t buying it from a fundamental point of view, especially over the long run. For Tesla and its 40% rally in less than a month, that often doesn’t matter. “From a narrative perspective, especially if one were valuation agnostic, we get it,” Spak said. Pras Subramanian is a reporter for Yahoo Finance. You can follow him on X and on Instagram . Click here for the latest stock market news and in-depth analysis, including events that move stocks Read the latest financial and business news from Yahoo Finance80 jili 。

Koninklijke Ahold Delhaize ( OTCMKTS:AHODF – Get Free Report ) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 903,700 shares, a decrease of 53.2% from the October 31st total of 1,929,900 shares. Based on an average daily volume of 800 shares, the days-to-cover ratio is presently 1,129.6 days. Koninklijke Ahold Delhaize Stock Performance Shares of AHODF stock opened at C$33.56 on Friday. Koninklijke Ahold Delhaize has a 52 week low of C$27.05 and a 52 week high of C$35.53. The company’s 50 day moving average price is C$33.67 and its two-hundred day moving average price is C$32.46. About Koninklijke Ahold Delhaize ( Get Free Report ) Read More Receive News & Ratings for Koninklijke Ahold Delhaize Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Ahold Delhaize and related companies with MarketBeat.com's FREE daily email newsletter .Capitals' Ovechkin to miss 4-6 weeks with broken leg

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President-elect Donald Trump launched a new line of fragrances with the Trump name on Friday. The collection named "Fight, Fight , Fight," had First Lady Jill Biden's image on it with the tagline, "A Fragrance Your Enemies Can't Resist." Trump announced about the fragrances on his social media platform, Truth Social. He said, "Here are my new Trump Perfumes and Colognes! I call them Fight, Fight, Fight, because they represent us WINNING. Great Christmas gifts for the family. Merry Christmas and Happy New Year!" The word Fight featured in every perfume bottles symbolised strength. Trump also yelled these words after he was shot during a campaign rally in Butler, Pennsylvania in July of this year. How Much Are These Priced At? The new perfumes are priced between $199 and $298 and are available in both women and men's colognes. Social Media Reacts To The New Launch The new launch of Trump's perfume collection prompted many reactions from social media users. One user on X said, "lmao I love him but the merch gift is insane." Another person wrote, "What are we going to do when he’s gone and we get some boring president with no sense of humor?" "You should send every Democrat a bottle for Christmas," commented a third person. "Best marketing strategy ever," added a fourth person on the Elon Musk-led website. "Trump already had his first customer for his new perfume," said a fifth user on X. Other Products Of Trump This was not his first product release. The 78-year-old also introduced a premium collection of watches, which also gained popularity. Trump's collection include gold and silver toned watches priced between $499 and $799. He also launched a footwear, "Never-Surrender High Top Sneakers" and a book called, "God Bless The USA." Get Latest News Live on Times Now along with Breaking News and Top Headlines from US News, World and around the world.

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JHVEPhoto Overview ServiceNow ( NYSE: NOW ) is a leading workflow automation platform designed to help enterprises manage and automate their processes. Originally, starting out as an IT service management platform helping IT departments manage their networks, ServiceNow has expanded to other areas including Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. Business relationship disclosure: This article was written by a consultant in collaboration with HedgeMix. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.KBO’s Samsung Lions Re-Sign Lewin Díaz, Denyi Reyes