Month: September 2020

Shares of Asian battery suppliers fell on Wednesday after Tesla Inc unveiled a plan to halve the cost of its electric vehicle batteries and bring more production of the key auto component in-house. The fortunes of battery makers in South Korea, Japan and China are linked to Tesla, the EV market leader, supplying its factories in Nevada and Shanghai. Tesla CEO Elon Musk on Tuesday outlined a plan at the company’s closely watched “Battery Day” to aggressively boost production of its own batteries and cut battery costs as it looks to deliver affordable electric cars. …read more […]

Oil prices fell on Wednesday after an industry group reported a rise in U.S. crude inventories against expectations for a decline, adding to worries about demand that led to a steep selloff earlier in the week. Brent crude was trading down 21 cents, or 0.5%, at $41.51 a barrel by 0055 GMT, after gaining 28 cents on Tuesday, while U.S. crude slipped 23 cents, or 0.6, to $39.57. Surging cases of coronavirus infections in countries including France and Spain, along with the likelihood of more restrictions in Britain have renewed worries about fuel demand, just as more supply …read more […]

Electric car maker Nikola (NKLA) has been grabbing headlines for all the wrong reasons recently. Shares took a 19% tumble on Monday after the company announced that its founder and chairman, Trevor Milton, had resigned.Following a September 10 report, in which short-seller Hindenburg Research alleged Milton had made fabricated claims about NKLA technology, Milton found himself in hot water.Weighing in on this development for RBC, analyst Joseph Spak wrote, “We believe this was a hard, but necessary step for Nikola in wake of allegations against Milton raised by a short-seller report and SEC investigation. In our view, Nikola’s promise was …read more […]

NVIDIA Corporation (NASDAQ: NVDA) recently struck a deal to acquire Arm Limited from SoftBank Group for $40 billion. The combination will bring together NVIDIA’s AI computing platform with Arm’s vast ecosystem to “create the premier computing company for the age of artificial intelligence,” according to NVIDIA. The deal is a hot topic in the technology industry. The […] …read more […]

The data exposed includes email, name, and address, as well as order details, but does not involve complete payment card numbers or financial information, the Canadian company said https://bit.ly/3mJ0pGK. Shopify said it immediately terminated the access of the individuals, who were part of its support team, to its network and was working with the Federal Bureau of Investigation and other international agencies in the investigation. …read more […]

Aurora Cannabis Inc. (NYSE: ACB) shares plunged over 18% after hours following the release of the company’s fourth-quarter earnings results.The Edmonton, Canada-based company reported losing more than CA$3.3 billion ($2.5 billion) in the fiscal year closing Tuesday.On Monday, Jefferies upgraded Aurora from Underperform to Hold. This, along with anticipation for Tuesday’s earnings call, caused the cannabis giant’s stock to rise, closing Tuesday up 15%. However, excitement fell after the company released its quarterly earnings, causing the stock price to plunge to over 18% after the market close.”Aurora has slipped from its top position in Canadian consumer, a market that continues …read more […]

Today, I’ll begin a special six-part interview series. And in your first episode, I’m coming in hot… I’ll break down my all-time favorite chart pattern… And then, I’ll show you the exact moment to make your trade. This exclusive interview breaks it all down for you – in precise detail. Check it out…

Action Plan: Join me in The War Room for details on chart patterns, trading strategies, real-time trade recommendations and more!
P.S. Want to know what trades our experts believe to be the absolute best? Sit back, relax and watch an engaging video once a week that will give you …read more […]

At last report, the population of the world totaled some 7.8 billion souls. With COVID-19 continuing to run rampant — indeed, a “second wave” of infections is already starting to swamp health care facilities in France, Spain, and perhaps also the UK — and most potential vaccines against the coronavirus requiring two shots for complete effectiveness, this means there’s an immediate need for more than 15 billion doses of vaccine.Now… who’s going to make all those doses?B. Riley FBR analyst Mayank Mamtani makes the case that Novavax (NVAX) has an important role to play in this fight against coronavirus, even …read more […]

The big opportunity in the market today lies with value stocks…
So there are 10 billion reasons to make Wells Fargo (NYSE: WFC) your next investment.
In the company’s second quarter earnings call, CEO Charlie Scharf revealed that he believes the company will be able to cut $10 billion of expenses over the next couple of years.
This will have a huge positive impact on earnings.
What’s more, it speaks volumes that Scharf will publicly quantify how much he thinks he can reduce expenses. His $10 billion figure is now a public goal post, so you’d better believe he wouldn’t mention it if he …read more […]

(Bloomberg) — Tesla Inc. expects to see deliveries grow on the order of 30% to 40% this year, reaffirming its forecast at a time when automakers are struggling to recover from the coronavirus pandemic, Chief Executive Officer Elon Musk told shareholders.“While the rest of the industry has gone down, Tesla has gone up,” Musk said at the company’s annual meeting Tuesday. “We’ll do really pretty well in 2020, probably somewhere between 30-40% growth despite a lot of very difficult circumstances, so many: pandemic, wildfires, a whole bunch of difficult production issues.”Tesla has said it expected to deliver 500,000 vehicles this …read more […]

Tech is king.
That’s been our mantra for 2020.
And investors have rung the register over and over again this year following that simple trend.
The Nasdaq soared to new all-time highs.
Individual standouts, like Zoom Video Communications (Nasdaq: ZM), have surged nearly 600% year to date.
But a couple of weeks ago, the mood began to sour. And the Nasdaq’s thunderous rally came to a stumbling end…
Over the course of a couple of hectic weeks, tech stocks shed 11.5%. The Nasdaq is now up only 11,000 and is in full-blown correction territory.
This mass reversal in tech has also triggered steep declines in both the …read more […]

Boeing Co’s (NYSE: BA) order backlog continues to shrink on a monthly basis.A flurry of large Boeing option trades have been mixed in nature this week as investors struggle to determine whether or not Boeing can right the ship in the coming months.The Boeing Trades: On Tuesday morning, Benzinga Pro subscribers received 16 option alerts related to unusually large trades of Boeing Airlines options. Here are a handful of the biggest: * At 10:31 a.m., a trader bought 600 Boeing call options with a $160 strike price expiring on Nov. 20 near the ask price at $13.621. The trade …read more […]

Tesla’s big day – Battery day – was set to start on a high note on Tuesday, but unexpected tweets from the CEO – Elon Musk – had many investors worried about production of new cars from the company. Yahoo Finance’s Rick Newman joins The Final Round panel to discuss what to expect from Battery Day. …read more […]

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* Continued Adjusted EBITDA Improvement Due to Strong Gross Margins and Reduced SG&A; * Debt Levels and CapEx Spend Down Substantially in Q4 2020 * Provides Guidance for Q1 2021NYSE | TSX: ACBEDMONTON, AB, Sept. 22, 2020 /CNW/ – Aurora Cannabis Inc. …read more […]