Wall Street analysts think Facebook's cryptocurrency payments project will give the company a big boost.Marketsread more
Facebook's reported move into cryptocurrency could amount to the biggest catalyst for digital assets in their decade-long history, some crypto investors say.Bitcoinread more
The Fed is expected to cut rates multiple times, but the reason behind those cuts could have vastly different implications for the market.Marketsread more
"This is going to be the biggest thing that's happened to Facebook in years," says CNBC's Jim Cramer. "It will be vital."Investingread more
A recent Fed survey showed that workers' confidence for finding a new job after losing their current position was at 61.5% in May.Economyread more
These are the stocks posting the largest moves midday.Market Insiderread more
The red-hot market for new public companies in 2019 like Beyond Meat and Chewy could spell bad news for the stock market, Bernstein says.Marketsread more
The "captive carry flight test" evaluates the mock weapon during flight and is the Air Force's latest step in the budding hypersonic arms race between China and Russia.Politicsread more
It's about time to write off high-growth tech stocks, Goldman warns, saying software carries the highest multiples since the tech bubble.Marketsread more
Profits for major U.S. tobacco companies could be cut in half if the FDA adopts a "maximum nicotine" rule within the next 15 years, according to analysts at Morgan Stanley.Tobaccoread more
Mursi, a top figure in the now-banned Muslim Brotherhood, had been in jail since being toppled by the military in 2013 after barely a year in power following mass protests...World Politicsread more
Tesla's market-crushing performance this year will continue, according to one Wall Street firm.
Baird told its clients the long term opportunity for the company's Model 3 is larger than investors think.
"We expect strong demand for the Model 3 and believe the total addressable market will likely be underestimated, but think it will be an ongoing process to ascertain global demand," analyst Ben Kallo wrote in a note Monday. "Tesla remains one of our top picks for 2017 and we are raising our price target as we continue to believe a successful Model 3 launch will be an inflection point for the stock."
The electric car maker's shares are outperforming the market this year. Its shares are up 67.5 percent year to date compared with the 9 percent return.
The analyst reiterated his outperform rating and raised his price target for Tesla shares to $411 from $368, representing 15 percent upside from Friday's close.
Kallo estimates the lower-to-middle-priced luxury sedan market in the United States is 1 million vehicles a year.
"We think the large US market will support sales of the Model 3, and significant additional opportunities exist internationally," he wrote.
He cited Tesla figures that net orders for the car rose to 1,800 per day since the recent delivery of the first Model 3s to 30 company employees. Tesla CEO Elon Musk also said Model 3 demand could reach 700,000 cars per year, Kallo noted.
In addition, Musk is "confident" the company can reach a production level of 10,000 Model 3 vehicles per week at some point next year.
"We continue to believe Tesla Energy may be underappreciated by investors, and think the segment could be as important as the auto business over the long term," he wrote.
Tesla shares rose 2 percent in Monday's premarket trading after the call.
— CNBC's Michael Bloom contributed to this story.