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Tesla Deliveries Beat Leads Analysts to Lift Price Targets

(Bloomberg) — Shares of Tesla Inc. rose as much as 6.3% Monday after three analysts lifted the electric-car maker’s price target, including JMP Securities by 43%.The boost to $1,500 from $1,050 comes after the Palo Alto-based company delivered more Model 3 and Model Y vehicles in the second quarter than JMP expected, analyst Joseph Osha said in a note.“Our target is now based on our belief that TSLA is positioned to become a $100 billion company” by 2025, in terms of revenue, Osha said. At the end of last year, Tesla had $24.6 billion in revenue.While data for deliveries in …read more […]

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Dakota Access Oil Line to Be Shut by Court in Blow for Trump

(Bloomberg Law) — The Dakota Access pipeline must shut down by Aug. 5, a district court ruled Monday in a stunning defeat for the Trump administration and the oil industry.The decision is a momentous win for American Indian tribes that have opposed the Energy Transfer Partners LP project for years. It comes just a day after developers scuttled another project, the Atlantic Coast natural gas pipeline, after years of legal delays.Pipeline opponents have increasingly taken to the courts to oppose fossil fuel infrastructure projects, claiming at least three big victories this year.The U.S. District Court for the District of Columbia …read more […]

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J.P. Morgan: These 3 Stocks Are Poised to Surge by at Least 20%

Is it time to run with the bulls? Writing from investment bank JPMorgan, quantitative strategist Marko Kolanovic says it is. You may remember Kolanovic, if you follow market news regularly; he was one of the few who correctly called the bottom back in March. Now he says that the near- to mid-term prospects remain bullish. He notes two points of particular importance for investors, economic support policies, and the ongoing COVID-19 epidemic.Regarding policy support, Kolanovic is quick to connect recovery in liquidity with the massive fiscal and monetary support put in place by Congress and the Federal Reserve. He reminds …read more […]