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Tesla’s Profit and Model Y Arrival Send Stock Soaring Past $600

(Bloomberg) — Tesla Inc. stayed on a roll by reporting better-than-expected revenue and accelerating the arrival of its next electric vehicle, sending the stock soaring to new highs.The Model 3 maker’s $7.38 billion in sales for the fourth quarter beat estimates and carried the company to its second consecutive quarterly profit. Tesla will speed up the introduction of its Model Y crossover to this quarter, faster than it projected three months ago.Tesla shares climbed more than 10% after the close of regular trading. The stock was already up 39% this year.Chief Executive Officer Elon Musk triggered an epic rally late …read more […]

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Can This Serial Dividend Cutter Hold Its 11.6% Yield?

An investor looking at Western Asset Mortgage Capital Corp. (NYSE: WMC) might see a juicy 11.6% yield and a dividend that’s been stable for four years and believe the payout is safe.
Let’s find out if it really is.
The mortgage real estate investment trust (REIT) has invested in mortgage securities for 46 years. Its financials are in decent shape.
This year, net interest income (NII) is expected to be the highest it’s been since 2016.
(NII is the measure of cash flow used for mortgage REITs. It’s the money the company makes by borrowing money short term and lending it out at higher …read more […]

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Tesla beats profit estimates, expects strong 2020 production

The stock has more than doubled in value since the company posted a third-quarter profit, beat estimates for 2019 vehicle deliveries and ramped up production at its Gigafactory in China. Although there are still a large number of skeptics, investors overall are betting that Tesla has overcome its production, legal and management struggles and is leading the industry on technological innovation for the next generation of cars. The investor appetite also is a boon to Tesla CEO Elon Musk, whose mercurial behavior forced him to step down as chairman after a series of scandals and investor doubts about …read more […]