On Thursday, Wedbush analyst Dan Ives raised his bull case price target for shares of Tesla to $2,000 from $1,500. While his base case was lifted from $1,000 to $1,250 (a street high), he maintains a neutral rating on the stock. The Final Round panel discusses the bullish call, and the road ahead for the electric automaker.
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(Bloomberg) — Elon Musk provoked the U.S. Securities and Exchange Commission in the course of taking a victory lap on Twitter over Tesla Inc.’s surging share price.The chief executive officer first taunted short sellers in a string of tweets, joking that the electric-car maker would “make fabulous short shorts in radiant red satin with gold trim.” That’s an apparent reference to a post two years ago that he would send “a box of short shorts” to hedge fund manager David Einhorn, one of Tesla’s most prominent critics.Then Musk, 49, wrote Thursday that he would send shorts to the SEC, referring …read more […]
Amazon CEO Jeff Bezos’ wealth reached $171.6B amid the coronavirus pandemic. Yahoo Finance’s Dan Howley joins Sibile Marcellus to discuss. …read more […]
ETF Trends Director of Research Dave Nadig joins Yahoo Finance’s Sibile Marcellus to break down the ETFs to watch in the second half of 2020. …read more […]
The spectacular jobs report for June could help to push rates higher. …read more […]
If you are looking for the best ideas for your portfolio you may want to consider some of Ensemble Capital’s top stock picks. Ensemble Capital, an investment management firm, is bearish on Oracle Corp (NYSE:ORCL) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […] …read more […]
The number of jobs lost due to the coronavirus shutdown continue to mount, with the latest weekly total of Americans applying for unemployment benefits coming in at more than 1.4 million, yet again. Yahoo Finance’s Zack Guzman and Heidi Chung discuss. …read more […]
Amid the market’s wild roller coaster ride, one fact has become abundantly clear: COVID-19 is a game-changer. With the number of new cases spiking, the resumption of normality is fading farther off into the distance, taking hopes of a V-shaped recovery along with it. That said, regardless of the recovery’s shape, some argue that the investing landscape has been altered for the foreseeable future.Against this backdrop, investment strategies will need to take the new reality into consideration, focusing on the names poised to emerge from the crisis as the ultimate winners. Even though this might feel like guesswork, the Street’s …read more […]
Some researchers believe that indoor air condition is helping spread COVID-19. Yahoo Finance’s Anjalee Khemlani weighs in. …read more […]
(Bloomberg) — Boeing Co. hasn’t told employees, but the company is pulling the plug on its hulking 747 jumbo jet, ending a half-century run for the twin-aisle pioneer.The last 747-8 will roll out of a Seattle-area factory in about two years, a decision that hasn’t been reported but can be teased out from subtle wording changes in financial statements, people familiar with the matter said.It’s a moment that aviation enthusiasts long have dreaded, signaling the end of the double-decker, four-engine leviathans that shrank the world. Airbus SE is already preparing to build the last A380 jumbo, after the final convoy …read more […]
If you are looking for the best ideas for your portfolio you may want to consider some of Ensemble Capital’s top stock picks. Ensemble Capital, an investment management firm, is bullish on Netflix Inc (NASDAQ:NFLX) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […] …read more […]
(Bloomberg) — Tesla Inc.’s cars may run on batteries, but its stock price is fueled by “the power of the narrative,” according to an analyst with a sell rating on the shares.In a report Thursday, Joe Spak of RBC Capital Markets marveled at how the electric-car maker has managed to add about $48 billion of market capitalization by ginning up excitement about its quarterly vehicle deliveries.On June 24, Tesla’s investor-relations team shared a collection of delivery estimates that found analysts on average were expecting the company to hand over about 70,300 vehicles to customers. The market recognized this as a …read more […]
Here’s why Tesla’s stock continues to be on fire. …read more […]
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