Tesla Stock Rallies 15%; GameStop Invests in Bitcoin and Reports Higher Q4 Income
Key Takeaways
- William Blair remains bullish on Tesla; shares rally 15% this week.
- GameStop to invest corporate cash in Bitcoin; Q4 net income up to $131.3 million.
- Barclays lowers S&P 500 target to 5,900, upgrades financial sector to positive.
- Stock futures show minimal change; Dow down 19 points, S&P 500 and Nasdaq 100 down 0.1%.
Company Spotlight
William Blair remains bullish on Tesla; shares rally 15%.
On March 25, 2025, William Blair maintained a bullish outlook on Tesla, citing optimism regarding the Megapack business and ride-sharing rollout. Despite recent corrections in the auto sector, Tesla shares have rallied over 15% this week, potentially reversing a historic weekly losing streak, although they are still down over 28% year-to-date.
GameStop to invest in Bitcoin; Q4 net income up.
On March 25, 2025, GameStop's board approved investing corporate cash in Bitcoin, mirroring MicroStrategy's strategy. As of February 1, 2025, GameStop held nearly $4.8 billion in cash, and the stock jumped over 6% in after-hours trading. GameStop reported higher fourth-quarter net income of $131.3 million, compared to $63.1 million in the year-ago period. Other key data: GME stock price is at 28.26 (+11.26%), volume is 4,718,122, previous close was 25.40 (-0.82%) with volume 4,780,240, shares outstanding are 446.80M, 10 Day Average Volume is 4.36M, Beta is -0.55, and YTD % Change is -18.95.