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Tesla’s Profit and Model Y Arrival Send Stock Soaring Past $600

(Bloomberg) — Tesla Inc. stayed on a roll by reporting better-than-expected revenue and accelerating the arrival of its next electric vehicle, sending the stock soaring to new highs.The Model 3 maker’s $7.38 billion in sales for the fourth quarter beat estimates and carried the company to its second consecutive quarterly profit. Tesla will speed up the introduction of its Model Y crossover to this quarter, faster than it projected three months ago.Tesla shares climbed more than 10% after the close of regular trading. The stock was already up 39% this year.Chief Executive Officer Elon Musk triggered an epic rally late …read more […]

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Can This Serial Dividend Cutter Hold Its 11.6% Yield?

An investor looking at Western Asset Mortgage Capital Corp. (NYSE: WMC) might see a juicy 11.6% yield and a dividend that’s been stable for four years and believe the payout is safe.
Let’s find out if it really is.
The mortgage real estate investment trust (REIT) has invested in mortgage securities for 46 years. Its financials are in decent shape.
This year, net interest income (NII) is expected to be the highest it’s been since 2016.
(NII is the measure of cash flow used for mortgage REITs. It’s the money the company makes by borrowing money short term and lending it out at higher …read more […]

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Tesla beats profit estimates, expects strong 2020 production

The stock has more than doubled in value since the company posted a third-quarter profit, beat estimates for 2019 vehicle deliveries and ramped up production at its Gigafactory in China. Although there are still a large number of skeptics, investors overall are betting that Tesla has overcome its production, legal and management struggles and is leading the industry on technological innovation for the next generation of cars. The investor appetite also is a boon to Tesla CEO Elon Musk, whose mercurial behavior forced him to step down as chairman after a series of scandals and investor doubts about …read more […]

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Ovintiv Faces First Investor Test After Rebrand From Encana

(Bloomberg) — The oil and gas producer formerly known as Encana Corp. has completed its corporate overhaul with a new domicile and a new name. It has yet another hurdle to cross.Now based in Denver, Ovintiv Inc. will update investors Wednesday on its progress for the shale oil assets in Oklahoma it amassed after the $5.5 billion acquisition of Newfield Exploration Co. in 2018. The Stack and Scoop fields in the Anadarko Basin have faced investor scrutiny and operational challenges that sent a handful of small explorers into bankruptcy. The company is also set to host a tour of its …read more […]

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Using Strangle Trades to Win on General Electric

This is the fourth time we’ve made money on General Electric (NYSE: GE) in the past nine months.
Ever since Larry Culp, former Danaher CEO, took over the reins at General Electric, the shares have been on a tear. It was no different today, with shares setting a new 52-week high after releasing great numbers this morning.
The shares moved up more than 10% on news that General Electric beat earnings and revenue estimates. Of course, this is just a game on Wall Street. The earnings and revenue estimates had been lowered several times last year.
So in reality the numbers weren’t that …read more […]

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Corporate Venture Capital Can Benefit Startups and Early Investors

Startups have never had more financing options.
Friends and family. Angel investors. Accredited investors. Crowdfunders. Venture capital (VC) funds of all sizes, including specialties that cover the gamut of tech sectors. And corporate venture capitals (CVCs).
CVCs are departments within corporations that invest in external companies for any number of reasons. It could be to gain a front-row seat to the latest technology developments and user trends. It could be to build a pipeline for future acquisitions. CVCs may be used to pursue venture-size returns as either a primary or a secondary objective. Or CVCs could view these startups as future customers, …read more […]