Year: 2020

Tesla Inc (NASDAQ: TSLA) received high praise from the CNBC “Mad Money” host Jim Cramer on Thursday in the aftermath of the company reporting third-quarter earnings.What Happened: “They have left the old-school automakers in the dust,” Cramer said, analyzing the Q3 results of the Elon Musk-led company.Cramer said he was “wrong” about counting Tesla among his list of cult stocks. “It’s not a cult stock, as I once thought,” the former hedge fund manager said.Earlier this week, the CNBC host had noted, “I’ve always said Tesla’s a cult stock, even after I joined the cult last year. That shareholder base …read more […]

U.S. S&P 500 E-minis were down 0.1% at 3,445.75 points at 0230 GMT. The S&P 500 index closed down 0.5% at 3,453.49 on Thursday. The dollar was a few pips higher, while the safe-haven yen was up 0.1% at 104.71 per dollar. …read more […]

(Bloomberg) — President Donald Trump and Democratic nominee Joe Biden faced off for the last time before the Nov. 3 election. Bloomberg News is checking the facts behind their claims in Thursday’s debate:Trump claims Biden supports the Green New DealBiden has never offered a full-throated endorsement of the far-reaching progressive climate plan known as the Green New Deal, but he has released a climate plan that aligns with many of its environmental goals.The $2 trillion clean energy plan offered by Biden in July calls for achieving a carbon-free power sector by 2035, as well as spending to build renewable energy …read more […]

The potential deal would illustrate how Scharf is looking at drastic moves, beyond cost cuts, as he seeks to turn Wells Fargo around following a years-old sales practices scandal. Wells Fargo’s asset management arm, which managed $578 billion on behalf of customers as of the end of June, could fetch more than $3 billion in a sale, two of the sources said. The San Francisco-based bank has discussed a potential deal with asset management companies and private equity firms, according to the sources, who cautioned that a divestment is not certain and asked not to be identified because …read more […]

The potential deal would illustrate how Scharf is looking at drastic moves, beyond cost cuts, as he seeks to turn Wells Fargo around following a years-old sales practices scandal. Wells Fargo’s asset management arm, which managed $578 billion on behalf of customers as of the end of June, could fetch more than $3 billion in a sale, two of the sources said. The San Francisco-based bank has discussed a potential deal with asset management companies and private equity firms, according to the sources, who cautioned that a divestment is not certain and asked not to be identified because …read more […]

(Bloomberg) — Intel Corp. shares slumped after a surprise drop in data center sales and a tepid forecast added to concern that the company is losing its lead in computer chips.The data center business, a major source of Intel profit, suffered a 10% decline in third-quarter revenue compared with a year earlier after a weak economy hurt sales to large companies and government customers. Sales to cloud computing providers will slow in the current period, Intel said.Falling prices and narrowing profit margins reinforced concern that Intel is losing its lead in chip manufacturing technology, exposing the company to the strongest …read more […]

Trump may be lagging in the polls, but that does not automatically count him out…
Incumbents are notoriously hard to beat. And as the election is decided by the electoral college, Trump could still pull out a victory without a majority of the voters supporting him.
That is what happened in 2016. So, if he wins, you will want to have your wish list ready.
There are three stock themes that will work during a Trump presidency: guns, gold and energy.
These three sectors should explode. Let me explain why.
Stocks to Buy if Trump Wins
Guns
You can expect civil unrest to ramp up, as those …read more […]

On Saturday morning, I’m going to gulp, put one foot forward and then start running straight uphill. Once I get started, I won’t stop moving for the next 11 or 12 hours.
After a year of training and five canceled races, I’m about to run a socially distanced ultramarathon.
This ultramarathon is called the “S3.” The “S” stands for “Sinister.” The course covers 66 kilometers and 9,000 feet of elevation in Rocky Mountain trails in Crowsnest Pass, Alberta.
But finishing the race won’t be the most important thing that happens to me on that day…
My wife, Stacey, and I will be celebrating our …read more […]

Stock futures opened higher on Thursday to extend the major indices’ earlier gains, as investors continued to eye upbeat commentary from officials around stimulus talks, and looked ahead to the final presidential debate. …read more […]

Cars are ubiquitous. Love them or hate them, you can’t get around them – or sometimes, get around without them. This makes them attractive as long-term investments for investors who know that the market, while dynamic and changing, is not going away. Deutsche Bank analyst Emmanuel Rosner has been following the state of the car market and sees big gains down the road.”We expect strong earnings and positive outlooks from the US autos group, driven by faster than expected global vehicle demand recovery, higher production outlook, robust pricing, and benefits from operating leverage and deep cost actions,” Rosner noted. With …read more […]

JMP Securities’s Joseph Osha joins The Final Round to break down the upgrades Tesla is making to their cars and what lies on the road ahead for the electric car manufacturer. The Final Round panel breaks down the details. …read more […]

Intel posted a Q3 earnings report that topped Street estimates, reporting $1.11 EPS and $18.3B in revenue. This beat the Street estimated $1.10 EPS and revenue of $18.2B. Yahoo Finance’s Jared Blikre joins Th Final Round to discuss. …read more […]

Electric vehicle startup Lucid Motors is used to being compared to Tesla — even if its cars aren’t on the road just yet. After all, when the Silicon Valley luxury EV maker recently announced its price for its upcoming entry level Air sedan, Tesla’s CEO Elon Musk promptly tweeted a price reduction to the Model S. …read more […]

The race for a COVID-19 vaccine race doesn’t end with emergency use application. Companies are faced with several obstacles, according to the FDA’s vaccine advisory committee. …read more […]

We’re fighting a losing battle against devices of our own making.
Simply put, we’re addicted to screens of all breeds – smartphones, smartwatches, desktop computers, tablets and TVs. And we’ve reached the point of diminishing returns.
These technologies were presumably made with good intentions. With TVs, we’re able to watch the news in our homes. With tablets, we can work on the go, without being tethered to clunky machines and wires. With smartphones, we have the power to buy and sell stocks in mere seconds.
But the magic of these inventions has worn off.
Now when our phones ring, we get instant notifications on …read more […]