July 2018 – Page 164

CFRA downgrades Tesla, says production rate not financial…

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Efraim Levy of CFRA explains why he downgraded Tesla to sell earlier today. …read more […]

Dell moves to go public, spurns IPO

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(Reuters) – Dell Technologies Inc said on Monday it would pay $21.7 billion in to buy back shares tied to its interest in software company VMware Inc , paving the computer maker’s way back to the public market without an initial public offering.

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Dell moves to go public, spurns IPO

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Dell said the cash and stock deal will value its equity at between $61.1 billion and $70.1 billion, more than twice the $24.9 billion that founder and Chief Executive Michael Dell and buyout firm Silver Lake paid to take company private in 2013. The transaction will allow Dell to bypass the traditional IPO process, which would likely have involved grilling by stock market investors over its $52.7 billion debt pile. It also means Dell will not have to raise any new money, because it will pay for the deal by issuing new shares and a $9 billion dividend …read more […]

Wall Street lower as energy stocks, tariff worries weigh

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(Reuters) – U.S. stocks fell on Monday as a drop in Brent crude prices dragged energy stocks lower amid a broader market decline due to an escalating trade war between Washington and its trading partners.

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Tesla shares fall despite hitting Model 3 production target

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(Reuters) – Shares of Tesla Inc reversed course to trade down 4 percent on Monday after Wall Street analysts questioned the electric carmaker’s ability to maintain an increase in production that helped it meet a long-elusive target of making 5,000 Model 3 vehicles per week.

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Tesla built 20% of last week's Model 3s in its fancy new tent

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Tesla hit a key milestone in the second quarter, managing to hit a 5,000-per- …read more […]

U.S. fund managers zero in on software as tariffs upend tech sector

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NEW YORK (Reuters) – Worries that a broadening trade war between the United States and China will upend the global supply chain are prompting some U.S. fund managers to buy shares of companies they believe will shield them from such disruptions.

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Energy stocks, trade fears weigh on Wall Street

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(Reuters) – U.S. stocks fell on Monday as a drop in oil prices dragged energy stocks lower, while the risk of an escalating tariff war between Washington and its trading partners continued to weigh on the broader market sentiment.

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3 Dividend Stock That Should Pay You for the Rest of Your Life

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These companies aren’t going anywhere, and neither are their dividend payments. …read more […]

Largest U.S. business group attacks Trump on tariffs

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The U.S. Chamber of Commerce, the nation’s largest business lobbying group and customarily a close ally of President Donald Trump’s Republican Party, is launching a campaign on Monday to oppose Trump’s trade tariff policies. The new campaign, detailed first to Reuters, will provide an analysis of the financial hit each U.S. state stands take from potential retaliation to Trump’s tariffs. It argues that Trump is risking a global trade war that will hit the wallets of U.S. consumers. …read more […]

Largest U.S. business group attacks Trump on tariffs

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WASHINGTON (Reuters) – The U.S. Chamber of Commerce, the nation’s largest business lobbying group and customarily a close ally of President Donald Trump’s Republican Party, is launching a campaign on Monday to oppose Trump’s trade tariff policies.

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