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Amazon Analysts Can’t Keep Up as Shares Eclipse $3,000

(Bloomberg) — Amazon.com Inc. rallied on Monday, with the stock extending a recent advance deeper into record territory and topping $3,000 for the first time.Shares rose as much as 4.8% to touch $3,030.30, and were on track for their fourth straight daily gain. The stock is up more than 12% over the four-day stretch and has climbed about 80% off a March low, resulting in a market capitalization of $1.5 trillion.Amazon has seen accelerating demand for its e-commerce and cloud-computing services during the pandemic, which has closed brick-and-mortar rivals and led more people work remotely. Many analysts on Wall Street …read more […]

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Grim Day for Pipelines Shows They’re Almost Impossible to Build

(Bloomberg) — To be an energy superpower, U.S. oil and natural gas requires a suitably gargantuan pipeline network that stretches for millions of miles. The country’s ability to expand that infrastructure is being tested like never before.In the span of less than 24 hours, a court ordered the Dakota Access crude oil pipeline to shut down and the developers of the Atlantic Coast gas conduit said they were canceling the project. It was a deluge of bad news for an industry that’s increasingly finding that the mega-projects of the past are no longer feasible in the face of unprecedented opposition …read more […]

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Why Apple (AAPL) Stock is a Compelling Investment Case

If you are looking for the best ideas for your portfolio you may want to consider some of Mott Capital’s top stock picks. Mott Capital, an investment management firm, is bullish on Apple Inc. (NASDAQ:AAPL) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […] …read more […]

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Why Tesla (TSLA) Stock is a Compelling Investment Case

If you are looking for the best ideas for your portfolio you may want to consider some of Mott Capital’s top stock picks. Mott Capital, an investment management firm, is bullish on Tesla Inc. (NASDAQ:TSLA) stock. In its Q4 2019 investor letter – you can download a copy here – the firm discussed its investment […] …read more […]

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Tesla Deliveries Beat Leads Analysts to Lift Price Targets

(Bloomberg) — Shares of Tesla Inc. rose as much as 6.3% Monday after three analysts lifted the electric-car maker’s price target, including JMP Securities by 43%.The boost to $1,500 from $1,050 comes after the Palo Alto-based company delivered more Model 3 and Model Y vehicles in the second quarter than JMP expected, analyst Joseph Osha said in a note.“Our target is now based on our belief that TSLA is positioned to become a $100 billion company” by 2025, in terms of revenue, Osha said. At the end of last year, Tesla had $24.6 billion in revenue.While data for deliveries in …read more […]