Trading Ideas
3 Growth Stocks to Buy and Hold for 25 Years
Berkshire Hathaway, iRobot, and Axon Enterprise top this list of long-run investment ideas. …read more […]
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Business News
Tesla share spike deals short-sellers a $1.1-billion loss
Short-sellers racked up about $1.1 billion in losses on paper on Thursday, pushing their year-to-day performance into the red, after Tesla Inc ‘s shares soared as much as 11 percent a day after the electric carmaker reported results, according to financial analytics firm S3 Partners.
Trading Ideas
Tesla share spike deals short-sellers a $1.1-billion loss
Short-sellers racked up about $1.1 billion in losses on paper on Thursday, pushing their year-to-day performance into the red, after Tesla Inc (TSLA.O)’s shares soared as much as 11 percent a day after the electric carmaker reported results, according to financial analytics firm S3 Partners. Short-sellers aim to profit by selling borrowed shares, with the hope of buying them back later at a lower price, and Tesla is the most shorted U.S. stock. Short-sellers’ on-paper losses have now swelled to $831 million for the year, S3 data showed. …read more […]
Business News
Apple hits $1 trillion mark, turns Nasdaq positive
Apple became the first U.S. company to top $1 trillion in market value on Thursday, leading a rebound in technology stocks that helped Wall Street pare losses and turned the Nasdaq positive.
Business News
Patience pays off for decades-long Apple shareholders
Donna Fenn bought shares of Apple Inc in the 1980s on the recommendation of a stockbroker a good friend of hers was dating. She’d heard of the company because its co-founder Steve Jobs had appeared on the cover of the magazine she worked for.
Business News
Apple hits $1 trillion stock market valuation
Apple Inc became the first $1 trillion publicly listed U.S. company on Thursday, crowning a decade-long rise fueled by its ubiquitous iPhone that transformed it from a niche player in personal computers into a global powerhouse spanning entertainment and communications.
Business News
Intensifying U.S.-China trade fight drags down stocks, bond yields
A deepening trade dispute between the United States and China weighed on global stocks and bond yields on Thursday, prompting investors to shed risky assets in favor of safer ones amid uncertainty over future tariffs.
Business News
Kellogg margins hurt by cuts to snack prices, higher costs
Kellogg Co reported lower-than-expected quarterly profit margins on Thursday as the cereal maker spent more on marketing and transportation and had to cut prices on snack foods after it stopped distributing them directly to U.S. retailers.
Trading Ideas
Teva Pharma shares sink as sales forecast disappoints market
Teva Pharmaceutical Industries on Thursday raised its profit outlook for 2018 after reporting a smaller than expected drop in second-quarter net profit, but its shares tumbled eight percent on disappointment over its unchanged revenue outlook. The world’s largest generic drugmaker also reaffirmed that the U.S. Food and Drug Administration is due to make a decision in the middle of September for its migraine treatment fremanezumab, which it had originally hoped to launch in June. “We will be ready to launch immediately after,” CEO Kare Schultz told a conference call. …read more […]
Business News
Apple says it has paid two-thirds of $15 billion Irish tax bill
IPhone maker Apple has to date paid two-thirds of the 13 billion euros ($15.1 billion) which EU antitrust regulators said it owes Ireland in back taxes, the company said in a regulatory filing late on Wednesday.
Business News
Tesla shares rise as investors embrace cash comments, Musk apology
Shares of Tesla Inc jumped 11 percent on Thursday, after the company convinced investors that it was able to yield positive cash flow and turn a profit, and Chief Executive Officer Elon Musk apologized for past incendiary remarks.
Business News
Blue Apron shares sink as customers ditch its meal-kits
Shares of Blue Apron Holdings Inc slumped over 23 percent on Thursday after the meal-kit delivery company’s second-quarter revenue came in below estimates as fewer customers signed up for its service.
Business News
U.S. jobless claims up slightly; factory orders rise
The number of Americans filing for unemployment benefits rose less than expected last week, pointing to sustained strength in the labor market despite trade tensions.
Business News
Financials weigh on Wall Street as tariff worries return
U.S. stocks fell on Thursday, weighed down by financials, as worries of a trade war between the United States and China were heightened after President Donald Trump proposed 25 percent tariffs on $200 billion worth of Chinese imports.
Business News
U.S. factory orders rise for second straight month
New orders for U.S.-made goods rose for a second straight month in June, but business spending plans on equipment were not as strong as initially thought, suggesting a further slowdown was likely in the third quarter.