Month: September 2020

The decision by S&P Dow Jones Indices is a blow to Tesla investors who widely expected the company to join the benchmark stock index after a blockbuster quarterly report in July cleared a major hurdle for its potential inclusion. S&P Dow Jones Indices said in a statement it was adding online craft seller Etsy , semiconductor equipment maker Teradyne and pharmaceutical technology company Catalent to the S&P 500, effective Sept. 21, and removing H&R Block , Coty and Kohls . …read more […]

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(Bloomberg) — Tesla Inc. shares tumbled 6% postmarket Friday as investors who contributed to its jaw-dropping rally this year in anticipation it may join the S&P 500 Index will have to wait for another day.Elon Musk’s electric-vehicle maker is widely expected to be added to the prestigious benchmark after it posted a fourth consecutive quarterly profit in July, clearing the last major hurdle for consideration by S&P Dow Jones Indices, which oversees the gauge. Some, including Credit Suisse analyst Dan Levy, said the move might be announced Friday in order for the stock to begin trading as an S&P component …read more […]

Randy Frederick, VP of Trading and Derivatives at Schwab’s Center for Financial Research, joined The Final Round to recap today’s market action and his outlook for the market as we approach the election. …read more […]

JMP raised their price target for Peloton to $109 from $59. The firm cited strong usage with no signs of typical ‘summer seasonality’. In addition, according to a study by JMP, 50% of U.S. gym members will not return to the gym, which may encourage further engagement. The Final Round panel breaks down the details …read more […]

On Friday, medical journal The Lancet reported that Russia’s vaccine was shown to have no serious side effects and created an antibody response in clinical trials. This comes as both the U.S. government and the WHO recanted on a November 1 deadline for vaccinations being ready. Yahoo Finance’s Anjalee Khemlani breaks down the latest news about the coronavirus on The Final Round. …read more […]

Fed Chairman Jay Powell said Friday that Americans should wear masks and follow social distancing guidelines, adding the recovery will “get harder from here.” …read more […]

(Bloomberg) — Moderna Inc. shares slid 3.5% on Friday as unease mounted about the biotech’s Covid-19 vaccine trial fueled by ongoing insider shares sales and an enrollment slowdown.With late-stage trial results weeks away, the stock has shed more than a third of its value from record highs in mid-July. Still, shares have more than tripled since the beginning of the year, prompting several insiders to cash out.Chief Executive Officer Stephane Bancel, who found himself a newly minted billionaire as a result of the pandemic, disposed of an additional 18,000 shares this week, including some tied to entities controlled by him.The …read more […]

Despite the recent pullback, 2020’s frothy stock market has provided Tesla (TSLA) investors with massive returns. However, if Wall Street’s most prominent Tesla bear has his way, the next 12 months will be a steep descent to the bottom.GLJ Research analyst Gordon Johnson expects Tesla shares to be changing hands for $19 each a year from now (yes, that’s not a typo), implying a decline of 96%. Needless to say, Johnson’s rating for Tesla is a Sell. (To watch Johnson’s track record, click here)Johnson has so many issues with Tesla, it is hard to know where to start. On the …read more […]

Kramer Capital Research Chief Investment Officer Hilary Kramer joins Yahoo Finance’s Kristin Myers to discuss her outlook on the markets as the tech sector extends its selloff following a record run. …read more […]

The U.S. Defense Department said on Friday it has completed a comprehensive re-evaluation of its $10 billion JEDI cloud computing contract proposals and determined that Microsoft Corp’s submission still represents the best value for the government. Despite the reaffirmed award to Microsoft, the contract remains on hold after a judge in February granted Amazon.com Inc’s request to temporarily halt the deal from moving forward. Amazon argued the contract process reflected undue influence from President Donald Trump. …read more […]

Apple’s new 27-inch iMac is packs tons of performance power and a stunning 5K display. But it’s pricey. …read more […]

While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]

If you are looking for the best ideas for your portfolio you may want to consider some of Longleaf Partners top stock picks. Longleaf Partners, an investment management firm, is bullish on General Electric Co (NYSE:GE) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its […] …read more […]

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