Trading Ideas

Ducking analysts’ questions has a price: $2 billion. Tesla Inc investors gave a rare rebuke to iconoclastic Chief Executive Elon Musk on Wednesday after he cut off analysts asking about profit potential, sending shares down 5 percent despite promises that production of the troubled Model 3 electric car was on track. Tesla’s future depends on the Model 3 and the company said that it had largely overcome production bottlenecks, with Musk vowing a dramatic turnaround that would reverse losses and generate positive cash flow in just a few months. …read more […]

Don’t let these three promising stocks quietly pass you buy. …read more […]

Exelixis Inc. (EXEL) on Wednesday reported first-quarter earnings of $115.9 million. The South San Francisco, California-based company said it had profit of 37 cents per share. The results exceeded Wall … …read more […]

Tesla’s record net loss in the first quarter and fast-burn through cash is raising questions about the company’s future and whether it will be able to pay all of its bills. Wednesday’s results showed Tesla tearing through $745.3 million in cash in the first quarter, which may put pressure on it to borrow more money or sell additional shares to raise additional cash. Tesla said it began the quarter with $3.96 billion in cash and equivalents, but that fell to $3.22 billion at the quarter’s end. …read more […]

Tesla Inc stood by its production targets for its Model 3 on Wednesday, assuring investors that its key new vehicle was on track, and sought to downplay increased wariness over its finances, saying it expected to achieve net profit in both its third and fourth quarters. Tesla said its spending had been trimmed and the company would spend less than $3 billion in capital expenditures in 2018, below its 2017 total of $3.4 billion. Analysts had not expected so much spending, predicting hundreds of millions of dollars less in so-called cash burn, according to Thomson Reuters data. …read more […]

U.S. stocks fell on Wednesday as potential U.S. restrictions on Chinese telecom companies reinforced investor concerns about worsening trade relations between the United States and China. Wall Street’s major indexes had briefly moved higher after the Federal Reserve left interest rates unchanged in its policy announcement on Wednesday but gave up gains as the session progressed. Stocks slid even further on the news that U.S. President Donald Trump is considering issuing an executive order restricting certain Chinese companies from selling telecommunications equipment in the United States. …read more […]

Tesla reported its Q1 2018 earnings today, posting adjusted losses of $3.35 …read more […]

NEW YORK/TOKYO (Reuters) – Xerox Corp said its CEO and most of its board will step down to settle a suit by activist shareholders Carl Icahn and Darwin Deason, handing over to new management which will reconsider a contentious deal with Fujifilm Holdings . The move is a triumph for Icahn and Deason, who together hold 15 percent of Xerox. The two had already won a rare court order to temporarily block the deal, which they said undervalued Xerox. …read more […]

Two black men arrested for sitting at a Philadelphia Starbucks without ordering anything settled with the coffee-shop chain Wednesday for an undisclosed sum and an offer of a free college education. During the uproar, Starbucks CEO Kevin Johnson came to Philadelphia to apologize to the men. …read more […]

A cracked window forced a Southwest Airlines plane heading from Chicago to New Jersey to land in Cleveland on Wednesday, just two weeks after a jet engine blew apart and broke a window in a deadly accident aboard another Southwest flight. There were no reports of injuries after Flight 957 landed safely after making an abrupt turn toward Cleveland while over Lake Erie, according to tracking data from FlightAware.com. Dallas-based Southwest said that the plane was diverted to examine damage to one of the three layers in the window, but didn’t immediately release details on how it was …read more […]

The incident occurred just weeks after Southwest Flight 1380 made an emergency landing in Philadelphia when an engine failure blew out one of its windows, nearly sucking a passenger out of the cabin. Airplane windows are rather durable and are made up of multiple layers. On Wednesday, Southwest Airlines Flight 957 was forced to divert to Cleveland after the outside pane on one of its windows failed. …read more […]

McDermott International shareholders on Tuesday approved a merger with Chicago Bridge & Iron Co that creates a vertically integrated onshore and offshore engineering and construction company, thwarting an attempt by offshore drilling contractor Subsea 7 to block the deal. More than 50 percent of McDermott shareholders supported the merger and approved a 3-to-1 reverse stock split, according to a spokesman. CB&I shareholders also voted in favor the deal, the companies said, and the combination is expected to close on May 10. …read more […]

Last week, Spyglass Security founder Jackie Stokes tweeted that a Facebook …read more […]

The head of Qatar Airways said Boeing’s 777X aircraft programme was experiencing delays, but he was sure that Boeing (BA.N) would catch up and deliveries of the jet would start on time in 2020. “Boeing I think is a couple of months behind schedule but there is still time and they will catch up,” Chief Executive Akbar al Baker told reporters on Wednesday. The 406-seat 777-9, the main model of a two-aircraft family known as 777X, aims to maintain Boeing’s grip on the ‘mini-jumbo’ market by leapfrogging Airbus’s (AIR.PA) 365-seat A350-1000, its European rival’s largest twin-engined jet. …read more […]

Exxon Mobil Corp. and Chevron Corp. both reported mixed first-quarter results, but for analysts at Barclays there’s one clear winner to pick between the two oil majors. It all comes down to a “structural deterioration” in Exxon’s project portfolio, making Chevron’s stock a clear favorite, said the analysts, led by Paul Cheng. Exxon (XOM) and Chevron (CVX) reported first-quarter earnings last week, with Exxon missing Wall Street per-share expectations while Chevron missed sales forecasts. …read more […]