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When discussing legendary mutual fund managers, few names receive as much attention as Peter Lynch. During his 13-year tenure managing the Fidelity Magellan Fund (ticker: FMAGX) from 1977 through 1990, Lynch generated an annualized return of 29%. But despite the fund’s exceptional performance, the average investor owning Fidelity Magellan earned considerably less than the fund…

Shares of Tesla dropped approximately 7% on Thursday even though the electric vehicle maker reported second-quarter 2026 delivery numbers that easily surpassed Wall Street expectations. The company said it delivered 480,126 vehicles during the second quarter of 2026, well above analysts’ expectations of roughly 406,600 vehicles, according to StreetAccount’s analysis cited by CNBC. The company…

Tesla’s deliveries show sales are bouncing back — but investors still dumped the stock on Thursday. Shares of Elon Musk’s EV maker dropped as much as 8% on Thursday despite the firm blowing past Wall Street’s delivery estimates for the second quarter. If the losses hold, it’ll mark Tesla’s worst single-day loss in a year.…

Image: Tesla Tesla reportedly delivered around 480,000 vehicles in Q2 2026—crushing a consensus estimate of roughly 406,000 and marking a sharp sequential jump from about 358,000 deliveries in Q1. That’s a beat of nearly 75,000 cars. By any conventional measure, this is a company performing well above expectations, with delivery momentum building quarter over quarter…

Topline Tesla’s stock price plunged on Thursday, even after the company announced surging vehicle deliveries in its second quarter that cleared analyst expectations by tens of thousands of cars, possibly signalling sustained investor hesitancy even after sales recovered in Europe. TSLA was down about 8% by 1 p.m. EDT on Thursday. MediaNews Group via Getty…

Wall Street heads into the first full week of July trading with interest rates in mind, as the summary of the Federal Reserve’s meeting last month push yields higher and throw of stocks’ groove. Stocks are on track for a winning trading week, which concludes with Thursday’s closing bell given that the market is dark…

It’s been a memorable year for Wall Street, with all three major indexes — the Dow Jones Industrial Average (^DJI +0.70%), S&P 500 (^GSPC 0.31%), and Nasdaq Composite (^IXIC 1.06%) — rocketing to record highs, and the largest initial public offering in history taking shape. But the most transformative moment is, arguably, the transfer of…

Convenience store retailer Cumberland Farms joined the rush to Wall Street on Thursday, filing for a US initial public offering as one of the strongest markets for new listings in years draws more companies to go public. After nearly three years of subdued activity, as higher interest rates, market volatility and valuation concerns kept many…

Could Net Unrealized Appreciation Help Lower Taxes on Your Retirement Savings? getty When planning for retirement, asset allocation, withdrawal strategies, and tax-efficient investing is typically top of mind. However, individuals who hold employer stock inside a qualified retirement plan may have access to a lesser-known tax strategy that may reduce their lifetime tax burden: Net…

Image by thepassenger from Pixabay The Discount Patience Buys YouAt its current price of about $425. Tesla stock trades at roughly 224 times the earnings analysts expect this year. That’s a high bar. Look ahead, however, and the picture changes. On the consensus earnings forecast for 2028, that same $425 price tag translates to a…