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Will Tesla Match Q1 Deliveries? This Analyst Crunches the Numbers

Tesla (TSLA) shares have put together an impressive run in 2020, to say the least. The market has reacted favorably to reports of strong demand for Model 3s in China, a strong Q1 report and a penchant for tech growth stocks. As a result, shares have skyrocketed by a massive 158% since the turn of the year.Later this week, Tesla will announce 2Q20 delivery and production numbers and Wall Street will be keen to gauge the coronavirus’ impact on operations. Along with shuttered businesses around the world, Tesla’s sole US factory in Fremont, California, was shut down for much of …read more […]

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Wirecard’s Shares Are Still in Demand Despite Insolvency

(Bloomberg) — Wirecard AG, one of Europe’s largest fintech firms as recently as two weeks ago, collapsed in an accounting scandal that’s pushed the company to file for insolvency. So why is it the best performer in Germany’s benchmark DAX Index this week?On Friday the stock was down 99% for the year. In the two trading sessions since Friday’s low, shares in the scandal-ridden payments provider have risen more than fourfold, with more than 36 million shares changing hands in each session — more than 10 times the past year’s average. It’s an echo of the bizarre trading this month …read more […]

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My Favorite Contrarian Indicator

Markets have an annoying habit of proving investors wrong. That’s what makes contrarian indicators so powerful.
Today, Nicholas Vardy shares his favorite contrarian indicator… and how it can help you make better investing decisions.

“Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria.”
– Sir John Templeton
Like the late Sir John Templeton, I’m a big fan of contrarian indicators.
That’s because financial markets have an annoying habit of proving investors wrong.
And they do so precisely when it will cost the largest number of investors the most money.
That’s what makes contrarian indicators such powerful tools.

Click here to watch …read more […]

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BOC Aviation cancels 30 Boeing 737 MAX but backs grounded jet

The lessor, which is based in Singapore and listed in Hong Kong, will also defer the delivery of some other Boeing 737 MAX aircraft, it said in a statement. BOC is the latest lessor to strike deals with Boeing to cancel 737 MAX orders as the jet remains grounded pending regulatory approval following two crashes. “We discussed with Boeing what is the best way to deploy our capital in a time like this because everyone realises this is not a short term downturn, it is a long one,” BOC Aviation Chief Executive Robert Martin told Reuters. …read more […]

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Carnival Pullback Could Be a Long-Term Buying Opportunity, Says 5-Star Analyst

The coronavirus has had a devastating effect on a plethora of industries, with cruise operators amongst the most badly hit.The recent spike in coronavirus cases has sown further uncertainty. Timelines for the resumption of sailings have been pushed back further into the unknown, raising even more concern regarding the industry’s future. Yet, this is precisely why Tigress Financial analyst Ivan Feinseth believes the time is right to consider an investment in the world’s largest cruise operator Carnival (CCL).The 5-star analyst reiterated a Buy rating on CCL “as it will overcome COVID-19 pandemic headwinds, and the pullback in the stock creates …read more […]

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Tesla Overtakes Exxon’s Market Value in Symbolic Energy Shift

(Bloomberg) — Tesla Inc.’s market value has surpassed Exxon Mobil Corp.’s in a sign that investors are increasingly betting on a global energy transition away from fossil fuels.Elon Musk’s Tesla, now at $201 billion in market capitalization, is surging on the billionaire founder’s optimism that his company can avoid a second-quarter loss. Exxon, which dropped to $185 billion, is reeling from the worst crude-price crash in history. The largest oil company in the Western Hemisphere is preparing to cut some of its U.S. workforce.Tesla also is on the verge of passing Toyota Motor Corp. to become the most valuable automaker …read more […]