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Tesla shares, bonds jump after surprise third quarter profit

As many as five brokerages raised their price targets on Tesla shares, but there were no outright upgrades and the company’s average rating on Wall Street remained “hold”, with just 11 of 34 analysts recommending investors buy the stock. If those gains stick during normal trading, Tesla would again be worth more by market capitalization than General Motors, making it the United States’ most valuable car company. Tesla’s $1.8 billion junk bond due in August 2025 surged 3 points in price following the results, driving its yield to the lowest since March 2018. …read more […]

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Comcast Profit Beats Estimates as Internet Subscribers Grow

(Bloomberg) — Comcast Corp. rose in early trading after third-quarter profit beat analysts’ estimates, as the cable giant added more internet subscribers than expected.Comcast on Thursday reported profit of 79 cents a share, excluding some items. That was up from 68 cents a year earlier and topped analysts’ estimates of 74 cents. Revenue was $26.8 billion, in line with Wall Street projections.The company added 379,000 internet customers in the quarter, up from 363,000 a year earlier. The cable giant lost 238,000 cable-TV customers, more than twice as many as it lost the year before. Analysts expected the company to add …read more […]

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Planet 13 Holdings Unveils THC-Infused Flavored Sparkling Water

Planet 13 Holdings (CSE: PLTH) (OTCQX: PLNHF) has launched a new beverage brand called Elysium, a refreshing THC-infused line of low-calorie flavored sparkling water. “Elysium marks our first step into the exciting THC beverage space. We’ve created and perfected a sparkling water beverage based on both customer demand and market trends. This low-calorie refreshing drink […]The post Planet 13 Holdings Unveils THC-Infused Flavored Sparkling Water appeared first on Market Exclusive. …read more […]

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UPDATE 2-Raytheon profit beats estimates, raises 2019 forecast on higher weapons demand

U.S. weapons maker Raytheon Company reported better-than-expected third-quarter profit on Thursday and raised its full-year earnings and sales outlook, helped by higher demand for space programs, weapons and missile warning systems. Shares of the maker of the Patriot missile-defense system were up 1.8% in premarket trading. Massachusetts-based Raytheon and other U.S. weapons makers are expected to benefit from the $733-billion defense bill for fiscal 2020, which is about 2% higher than the bill for 2019. …read more […]

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Canopy Is Flourishing in U.K. and Luxembourg

Canopy Growth (TSX: WEED) (NYSE: CGC) has issued updates on important developments in the United Kingdom and Luxembourg. The company’s pharmaceutical business Spectrum Therapeutics is engaged in expanding its pan-European cannabis production and distribution network in the UK and Luxembourg to serve the needs of physicians and their patients. Canopy aims to transform healthcare in […]The post Canopy Is Flourishing in U.K. and Luxembourg appeared first on Market Exclusive. …read more […]

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Southwest profit jumps 7.2% as unit revenues rise

The budget-friendly U.S. airline, which only flies 737 planes and has the world’s largest MAX fleet, said it took a $210 million hit to operating income in the quarter from the ongoing grounding. Southwest said last week it was postponing the return of the 737 MAX jets to its flight schedule until Feb. 8. …read more […]

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UPDATE 1-Atos finance chief to step up after CEO Breton's EU candidacy

French IT consulting group Atos has chosen its young finance chief Elie Girard to lead the company after CEO Thierry Breton was put forward as a candidate for France’s next EU commissioner. Girard, 40, will succeed Breton from Nov. 1, the board said, in a move welcomed by investors. Appointed CFO four years ago, Girard is a former executive at French telecoms group Orange and was groomed by Breton to succeed him in the top job. …read more […]