From Nasdaq: 2024-05-31 15:16:00

Investors are seeing positive market gains in 2024, driven by the artificial intelligence theme. However, Tesla, Intel, and Starbucks are underperforming. Tesla’s shares are down 30% due to lower margins. Intel is facing a flat earnings forecast and issues with the AI trade. Starbucks is struggling with slowing business in China and a negative earnings outlook.

Tesla continues to focus on operational efficiency despite a tough year. Intel is expected to face continued pressure until positive earnings revisions. Starbucks is confident in its roadmap for improvement despite recent setbacks.

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Source: Zacks Investment Research.



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