Month: January 2020

(Bloomberg) — Even after more than doubling his Tesla Inc. price target, UBS Group AG analyst Patrick Hummel still recommends that investors sell the electric-car maker.With the shares worth more than twice as much as they were at the beginning of October, UBS’s increased target of $410 is still 28% below the last closing price of $569.56.While Tesla has the potential to become the most profitable original equipment manufacturer (OEM), the positives are “taken for granted” at the current price, according to Hummel, who sees the company’s volumes doubling by 2022.Having the biggest long-term opportunity in autonomous vehicles, Tesla justifies …read more […]

The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We’ll show how you can use… …read more […]

The head of Finland’s state investment firm Solidium criticised Nokia for poor communication on Thursday and said he had sent management some “feisty feedback” after its sudden profit warning in October. “We were very disappointed by the radical change in (Nokia’s) guidance and above all in their communications about it,” Solidium’s Chief Executive Antti Makinen told Reuters in a sharp rebuke to the company from its biggest shareholder. On Oct. 24 Nokia slashed its 2019 and 2020 profit outlook and halted dividend payouts, saying the company would need to spend more to fend off rivals in the fast-growing …read more […]

Treasury Secretary Steven Mnuchin dismissed Thunberg’s call for private and public sector divestment from fossil fuel companies, telling Yahoo Finance at a press briefing, “After she goes and studies economics in college she can come back and explain that to us.” …read more […]

(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next.Panic coursed through the world’s second-largest equity market as investors sold stocks on concern a deadly virus will worsen over China’s week-long trading break.The Shanghai Composite Index settled 2.8% lower after the close of trading, the worst end to a Lunar Year in its three-decade history. More than 90% of the mainland’s 4,000 stocks fell on volumes that were 20% above average, with foreign traders selling a record $1.7 billion worth of the shares via links with Hong Kong. The …read more […]