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Tesla Mania Cools With Record 21% Plunge, Snapping Six-Day Rally

(Bloomberg) — The incredible six-day, 60% rally in Tesla Inc. that left Wall Street watchers scratching their heads screeched to a halt Wednesday.The electric-vehicle maker fell as much as 21% to $704.11 in New York, erasing most of the gains the stock saw over the past two days amid what seemed like an unstoppable advance. Tesla had added 36% to its value in the first two days of the week, but by Wednesday afternoon, it was just 7.7% higher than where it opened Monday morning, and 12% above Friday’s close. The breather comes as analysts at Canaccord Genuity cut their …read more […]

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Peloton and Twitter – Two Earnings Plays to Watch Immediately

Two companies are set to report earnings – and I believe both are primed for a big move.
By the time you read this Trade of the Day issue, the first company will already have reported. And that company is Peloton (Nasdaq: PTON).
Going into the report, Peloton has been quite polarizing. Its 2019 sales growth is currently 110.3% – and Wall Street loves rewarding growth with a huge price premium. But on the other hand, Peloton was just downgraded by Bank of Montreal Capital Markets (before market open) with a $27 price target.
Even more dramatic, Citron Research set a $5 price …read more […]

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Iowa Starting Line Founder: The biggest loser from the caucus chaos is Mayor Pete Buttigieg

Amid the Iowa caucus chaos, independently run startup Iowa Starting Line is aiming to provide its readers with a unique take on the local political scene that others may be covering. Iowa Starting Line Founder Pat Rynard joins Yahoo Finance’s Zack Guzman and Sibile Marcellus, along with Former Congresswoman Nan Hayworth, to discuss. …read more […]

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Trump: We will not let socialism destroy health care

President Trump gave his third State of the Union address Tuesday night, targeting Democrats and their health care plans. Former Treasury Deputy Assistant Secretary & Renaissance Macro Research Head of Policy Stephen Pavlick joins Yahoo FInance’s Zack Guzman, Sibile Marcellus and Former Congresswoman (R-NY) and Independent Women’s Forum board member Nan Hayworth on YFi PM to discuss. …read more […]

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CIA Opens Competition for Lucrative Cloud Deals to Amazon Rivals

(Bloomberg) — The Central Intelligence Agency is planning to hire multiple companies for lucrative cloud computing deals in a new program that will give rivals a chance to take on market leader Amazon.com Inc.The U.S. government posted draft requirements this week for new CIA contracts that aim to build on commercial cloud capabilities the intelligence community first gained through a $600 million contract awarded to Amazon in 2013, according to documents presented to industry and obtained by Bloomberg News.Microsoft Corp., International Business Machines Corp. and Oracle Corp. are catching up to Amazon with new technical offerings, public-sector clients and federal …read more […]

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Shell boosts crude output in top U.S. shale field to 250,000 bpd

Shell plans to spend about $3 billion (2.3 billion pounds) per year for the next five years on shale projects, said Amir Gerges, vice president of Permian assets for Shell, at the Argus Americas Crude Summit in Houston. Its Permian Basin production rose more than 100,000 barrels per day in the last year. …read more […]