Month: August 2020

(Bloomberg) — Elon Musk is the third-richest person in the world — at least for the moment.Musk passed Facebook Inc. co-founder Mark Zuckerberg Monday as shares of Tesla Inc. continued their unrelenting rally after undergoing a forward stock split. As of 11:25 a.m., Musk was worth $111.3 billion compared with $110.5 billion for Zuckerberg, according to the Bloomberg Billionaires Index, which is updated at the end of each market day.Musk has seen a meteoric rise in his wealth, with his net worth growing by $76.1 billion this year as Tesla shares surged more than 475%. Also helpful: an audacious pay …read more […]

Growth stocks are commonly known as an investors’ delight. Who doesn’t want to invest in a company that is growing faster than the market average? However, these stocks come with more risk than you may imagine.
Oversized gains are usually a sign of good things to come. Yet, most of these companies don’t offer dividends and their share price is largely based on expectations. Let’s take a deeper look below.

What Are Growth Stocks?
Companies on the rise can make all the difference with your investment portfolio. So, what are growth stocks exactly? These are shares of companies that expect to increase revenue …read more […]

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Pershing Square Capital Management recently released its Q2 2020 Investor Letter, a copy of which you can download here. The fund posted a return of 28.9% during the first half of 2020, outperforming its benchmark, the S&P 500 Index which returned -3.1% in the same period. You should check out Pershing Square’s top 5 stock […] …read more […]

Yahoo Finance’s Adam Shapiro breaks down the stocks to watch Monday. …read more […]

Yahoo Finance’s Brian Sozzi and Ines Ferre discuss the market action for Chinese electric car maker Nio. …read more […]

We’ve lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On… …read more […]

The sale of TikTok’s U.S. operations are being further complicated due to new export rules from China. Yahoo Finance’s tech editor joins The First Trade with Brian Sozzi to discuss. …read more […]

(Bloomberg) — Amazon.com Inc.’s top robotics engineer, who recently defended the company’s warehouse working conditions, left to join the artificial intelligence startup Scale AI Inc.Brad Porter will serve as chief technology officer, Scale plans to announce Monday. Scale makes software to help people train autonomous driving technology and other computer vision systems. The business was valued at more than $1 billion last year, when Scale’s then-22-year-old co-founder raised venture capital.Porter said he was persuaded to leave his position because he was excited about Scale’s technology and the opportunity to work in a startup environment. Earlier in his career, Porter worked …read more […]

Tesla shares began trading post its split-adjusted price this morning. The stock opened at $444.61, and was trading up more than 3% in early trading. …read more […]

Yahoo Finance’s Brian Sozzi breaks down today’s market action with Invesco Global Market Strategist, Brian Levitt. …read more […]

Apple’s stock is trading at its new price-adjusted split price after the company announced a 4 for 1 split during its last earnings call. …read more […]

Today we’re going to take a look at the well-established General Electric Company (NYSE:GE). The company’s stock… …read more […]

The bank’s Stephen Tusa, among the bearish group of analysts on GE who have predicted its fall from grace over the last three years, said he was withdrawing his price guidance on the company completely due to doubts over how much it was now worth. GE shares fell about 1% to $6.54 in premarket trade, adding to a steep decline that has seen the company lose more than 40% of its market value this year. Tusa said the company’s inability to forecast positive cashflow for the second half of 2020 suggested management is unclear about its financial outlook …read more […]