Month: July 2020

Tesla’s $104 million second quarter profit came from the selling of pollution credits, not cars. …read more […]

(Bloomberg) — BlackRock Inc. Chief Executive Officer Larry Fink sold $24.2 million of stock in the world’s largest asset manager, bringing his sales this year to $74.4 million.Fink disposed of 41,706 shares — about 5% of his stake in the business — at an average price of $580.29 on July 21, according to a regulatory filing. The filings didn’t indicate that his sales this year were made under a pre-scheduled trading plan.The latest disposal comes as corporate insiders, whose buying accurately signaled the market bottom in March, are now mostly sellers. Almost 1,000 corporate executives and officers have sold shares …read more […]

The digital dollar again appeared during a Senate hearing. However, it wasn’t the focus of the hearing, but rather just another tool that can be used to maintain U.S. hegemony. …read more […]

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(Bloomberg) — Elon Musk has a plea for mining companies: “Please mine more nickel.”“Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way,” said Musk, chief executive officer of the electric-carmaker, during a second-quarter earnings call.Musk’s plea comes as one of Japan’s general trading giants is about to take a roughly $500 million writedown on a nickel project in Madagascar because of low prices and the coronavirus pandemic.Supplies of battery-grade nickel — a key component in the cathode of an electric vehicle’s battery — could run …read more […]

As you know, I’ve been tracking the trading moves of popular “blank check” acquisition companies.
Also known as special purpose acquisition companies (SPACs), they are formed to raise capital through an initial public offering (IPO). They then use the cash equity capital from the IPO to merge with a private company to take it public.
First came Virgin Galactic (NYSE: SPCE), and then we had Tortoise Acquisition Corp. (NYSE: SHLL) – and both were huge Trade of the Day winners.
As a review, here are those issues…

“Time to Own the ‘Tesla of Space’“
“Is This $18 Stock the Next Nikola?“

What SPACs could be next …read more […]

We have been harnessing the wind’s energy for thousands of years. But we’ve been using it to generate electricity for only the last few decades.
Initially, wind power was considered a science experiment at best.
But not anymore.
Today, it’s the cheapest form of renewable energy. In fact, wind power is the cheapest form of energy, period.
Wind is cheaper than nuclear power, coal and, now, even natural gas.
Wind Demand Is Growing
Until 10 years ago, utilities were the only buyers of wind-generated electricity.
Since then, a few things have happened to change the demand for wind.
Many climate-conscious companies began to look for ways to reduce …read more […]

Stocks are aiming to build on Wednesday’s gains, with investors focused on the U.S.’s unchecked coronavirus crisis and jobless claims. …read more […]

While stock picking isn’t easy, for those willing to persist and learn, it is possible to buy shares in great… …read more […]

Tesla CEO Elon Musk said Wednesday that the company was building its new factory near Austin, Texas. …read more […]

(Bloomberg) — Tesla Inc. posted a fourth consecutive quarterly profit, a milestone that could pave the way for the electric car-maker to join the ranks of the blue-chip S&P 500 Index.The results validate the unconventional efforts that Elon Musk, Tesla’s chief executive officer, made to shore up earnings in the midst of the global pandemic that’s expected to leave other U.S. automakers posting losses. The profit further boosts Tesla’s already lofty share price, which has quadrupled since March in part based on speculation the stock could be added to the S&P 500. The stock rose as much as 7.8% in …read more […]

Tesla posted a profit in the second quarter beating Wall Street expectations. Yahoo Finance’s Myles Udland, Seana Smith, Rick Newman, and Andy Serwer break down the earnings report on The Final Round. …read more […]

Below, Investment U’s Income Expert, Marc Lichtenfeld, takes a look at York Water Company’s dividend safety rating.
That’s not a typo in the headline…
In honor of finally seeing the show Hamilton (it lived up to the hype… if you haven’t seen it, find a kid or grandkid who subscribes to Disney+ and get their password), I’m going back to the post-Revolutionary War period of American history…
Today, I’m looking at the dividend safety of a company whose record goes back to the 19th century.
York Water Company (Nasdaq: YORW) has paid a dividend every year for more than 200 years. It is believed …read more […]

Las Vegas Sands released its second quarter earnings results after the bell on Wednesday, reporting a net revenue of of $98 million, compared to the more than $3.3 billion reported over the same period in 2019. Yahoo Finance’s Jared Blikre joins The Final Round panel to break down the company’s earnings report. …read more […]

(Bloomberg) — Microsoft Corp. reported disappointing quarterly sales growth in its Azure cloud-computing business, dashing optimism that growth would remain in overdrive as companies increasingly rely on internet-based services during the coronavirus outbreak.Azure revenue rose 47% in the quarter ended June 30, missing analysts’ predictions for a 49% gain and notably lower than the 59% jump of the prior quarter. Shares slipped about 2.7% in extended trading. The miss overshadowed an otherwise strong report — revenue rose 13% to $38 billion, the software maker said Wednesday in a statement. Analysts polled by Bloomberg on average estimated $36.5 billion. Net income …read more […]