Month: October 2020

Tesla Inc (NASDAQ: TSLA) has set in motion the plans to expand battery production and lower prices following its battery day event. This is already being seen in a price reduction of the Model 3 in China, along with a switch to new LFP batteries. Now it seems that customer traffic triggered by the price decrease could be overwhelming Tesla employees in China.> Wonder how crazy MIC Model 3 sales was on the first day of price cuts. According to a sales rep, all stores were flooded with new orders and store employees hardly had time for meals & communicating …read more […]

Oasis Petroleum Inc and Lonestar Resources US Inc’s bankruptcy filings are the latest in a slew of restructurings that put oil-and-gas producers on track for their biggest year of bankruptcies since the 2016 shale downturn. Oasis, which operates in the Bakken formation of North Dakota and Permian in Texas, announced the news on Wednesday. …read more […]

Airlines’ lack of bailout money has forced massive layoffs across the industry. Yahoo Finance’s Sibile Marcellus and Kristin Myers discuss. …read more […]

Since 2019, the healthcare sector has been bracing for the wild ride that would be the election year. However, according to some Street pros, 2021 is looking a lot like 2009, and this could actually be a good thing for the space.“[We] think 2021 will play out very similarly to 2009 for the health care sector. If in fact the political prediction markets are correct and Democrats seize control of the presidency and the U.S. Senate, the rhetoric on changes to health care policy exceeds the reality of what can be accomplished,” UBS healthcare strategist Eric Potoker noted.Potoker points out …read more […]

Expect the “biggest digital holiday season ever.” Also expect a lot of frustration from holiday customers, as deliveries get delayed. …read more […]

The much-hyped Nikola Badger electric pickup looks like an endangered species. It is absent from the electric truck startup’s road map of milestones, and a delayed manufacturing deal with General Motors Company (NYSE: GM) points to its demise before a physical prototype is ever revealed.The Badger was not in Nikola Corp. (NASDAQ: NKLA) business plan a year ago. And it isn’t there now. Founder Trevor Milton used it as a buzz-building tool for the company following the reveal of rival Tesla Inc. (NASDAQ: TSLA) Cybertruck, a polarizing design that the electric truck leader plans to build at a new plant …read more […]

The US Labor Department will release the September jobs report Friday morning at 8:30 a.m. ET. …read more […]

Energy Fuels is a leading U. producer of uranium and vanadium and expects to soon enter the rare earth elements processing businessLAKEWOOD, Colo. …read more […]

Futures trading is one of the oldest forms of investing out there. It dates back to the dawn of civilization in ancient Mesopotamia. The ancient Greeks were a big fan too. Aristotle wrote about the practice in his classic treatise Politics. Despite the fact the practice has been around so long, the question for many remains, “What is futures trading?”

To answer the question, let’s start with a quick history lesson.
The sixth Babylonian King Hammurabi is credited with the creation of one of the first legal codes: The Code of Hammurabi. In it, the King laid the foundation of the sale …read more […]

It’s full steam ahead at Carvana, founder and CEO Ernie Garcia tells Yahoo Finance. …read more […]

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(Bloomberg) — Barstool Sports founder Dave Portnoy took to Twitter to slam Deutsche Bank analyst Carlo Santarelli on his cautious view of Penn National Gaming Inc., a 36% equity-stake holder of Barstool.Portnoy tweeted a question to CNBC host Jim Cramer: “Do analysts ever get fired for being catastrophically wrong?” Santarelli has the lone sell rating on Penn National and his 12-month share price estimate is about 57% below where it currently trades. Penn National’s stock which closed at $72.70 on Wednesday, climbed as much as 3.1% today.Santarelli earlier reiterated his bearish view on Penn National, writing that there are “a …read more […]

Back in August, I recommended Coupa Software Inc. (Nasdaq: COUP), a cloud-based business spending platform. At the time, the stock was down around 12% from its highs but still up 92% year to date. It was performing so well that it was considered the second-favorite stock of the smart money on Wall Street.
That gave us swing traders a golden opportunity.
So how did this swing trade fare?

It delivered a double-digit gain within 10 days.
Check out my video update on this trade here. And stay tuned for new swing trade recommendations.
Good investing,
Nicholas
The post Profit From Wall Street’s Second-Favorite Stock appeared first on …read more […]

(Bloomberg) — President Donald Trump signed an executive order aimed at expanding domestic production of rare-earth minerals that are vital to many critical manufacturing sectors, in an effort to reduce dependence on China.The order, which declares a national emergency in the mining industry, directs the Interior Department to explore using the Defense Production Act to hasten the development of mines. The administration has previously used the law to accelerate production of medical supplies during the coronavirus pandemic.The president’s actions are a direct consequence of China’s dominance of the sector for decades, said Gavin Wendt, a senior resource analyst at MineLife …read more […]

Yahoo Finance’s On The Move panel weigh in on what’s moving markets. …read more […]