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Jefferies raises Tesla’s price target to $2,500 ‘street high’ ahead of Battery Day

Jefferies is raising Tesla’s price target to a ‘street high’ of $2,500, or $500 after the 1-5 split, with the firm noting that “nothing matters more than comprehending how the ‘Millionmile’ batteries could profoundly change the auto business model.” The Final Round panel breaks down the details.
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Roku and Netflix surge after upbeat analyst reports

Roku and Netflix are among several technology-related companies that have benefited as a result of the coronavirus pandemic, with people around the world spending more time at home. Citi analyst Jason Bazinet started coverage of Roku with a $180 price target, compared with Wednesday’s price of about $164. In his research note published late on Tuesday, Bazinet pointed to strong subscriber growth and increased value per subscriber, in a trend he suggested would also benefit Netflix. …read more […]

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Beat the Market Using Simple Math

Wednesday Wealth Recap

Investors often worry about things they can’t control: presidential elections, inflation, economic growth, etc… but Alexander Green has a long list of things you can control. So stop stressing, and focus on these seven factors.
In the 1950s, an Austrian economist popularized the term “creative destruction.” Nicholas Vardy explains what it means… and how investors can take advantage of the concept.
Be gone, cubicles. COVID-19 is forcing companies to ponder the future of office space. And Chief Trends Strategist Matthew Carr knows which kinds of stocks you should bet on.

Note from Managing Editor Allison Brickell: Americans today are trading more …read more […]

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Salesforce Cuts 1,000 Jobs After Banner Quarter, Stock Surge

(Bloomberg) — Salesforce.com Inc. plans to cut about 1,000 jobs, people familiar with the situation said, a move by the software giant to streamline its business even as it reports record quarterly revenue and forecasts further gains.Sales and customer-support roles are among those being eliminated, said two of the people, who asked not to be identified discussing private information. In the U.S., the move affects some workers who sell the company’s software aimed at financial-services firms, health and life-science companies and other cloud sales teams, one of the people said. The cuts are taking place in more than a dozen …read more […]

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3 Stocks Flashing Signs of Strong Insider Buying

Not every stock worth buying makes great waves in the markets, and the big names are hardly the only names in town. But you may have to dig to find some of these stocks – they are smaller companies, and don’t attract the extensive analyst attention or press coverage that powers them to the top of the search engines.Finding them, however, can be worthwhile. Some of these are true penny stocks, offering double-digit upside potential combined with low costs of entry, while others offer solid share appreciation as they bounce back from the recent market swoon. One signal to look …read more […]