Trading Ideas

The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc (TSLA.O) regarding Chief Executive Elon Musk’s plan to take the company private and his statement that funding was “secured,” Fox Business Network reported on Wednesday, citing sources. The electric carmaker’s shares fell as much as 4 percent but cut their losses after Goldman Sachs Group Inc (GS.N) said it was dropping equity coverage of Tesla because it is acting as a financial adviser on a matter related to the automaker. Investors viewed the Goldman statement as confirming a tweet from Elon Musk on Monday about working …read more […]

Cisco Systems Inc. gave a bullish forecast for the current quarter, signaling confidence that an overhaul of its computer-networking products will continue to boost corporate demand. Cisco, the maker of equipment that directs most of the world’s internet data traffic, also said demand around the world and across all of its products had lifted earnings in the July quarter above average projections. Chief Executive Officer Chuck Robbins is remaking Cisco into a provider of networking software and services, aiming to decrease its traditional dependence on high-priced custom machines. …read more […]

Here are the highlights for investors from the retailing titan’s latest earnings conference call. …read more […]

A Colorado baker who refused to make a wedding cake for a gay couple on religious grounds — a stance partially upheld by the U.S. Supreme Court — has sued the state over its opposition to his refusal to bake a cake celebrating a gender transition, his attorneys said Wednesday. Jack Phillips, owner of the Masterpiece Cakeshop in suburban Denver, claimed that Colorado officials are on a “crusade to crush” him and force him into mediation over the gender transition cake because of his religious beliefs, according to a federal lawsuit filed Tuesday. Phillips is seeking to overturn …read more […]

Cisco, like other legacy technology companies, has been launching new products focused on high-growth areas such as cyber security and Internet of Things to cushion sluggish demand in its traditional routers and switches business. “We’re seeing the returns on the investments we are making in innovation and driving the shift to more software and subscriptions,” Chief Financial Officer Kelly Kramer told analysts on a post-earnings call. Subscriptions, which provide a more steady revenue stream, represented 56 percent of total software revenue in the reported quarter, the company said. …read more […]

Todd Gordon, TradingAnalysis.com founder, discusses his outlook on three tech stocks. …read more […]

Cisco (CSCO) delivered earnings and revenue surprises of 1.45% and 0.59%, respectively, for the quarter ended July 2018. Do the numbers hold clues to what lies ahead for the stock? …read more […]

A fakeout breakout above S&P 2850 has given way to wider selling that will persist into September. …read more […]

Shares of Macy’s (M) were down nearly 14% in afternoon trading Wednesday after the department store giant’s second-quarter revenue fell short of expectations. Wall Street’s attention will now shift to its industry rivals, Nordstrom (JWN) and J.C. Penney (JCP), which are both due to post their latest quarterly earnings reports tomorrow. …read more […]

On a per-share basis, the San Jose, California-based company said it had net income of 81 cents. Earnings, adjusted for one-time gains and costs, were 70 cents per share. The results surpassed Wall Street … …read more […]

The Sunnyvale, California-based company said it had profit of $1.05 per share. Earnings, adjusted for non-recurring gains, came to $1.04 per share. The results topped Wall Street expectations. The average … …read more […]

ISTANBUL/WASHINGTON (Reuters) – The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey if Ankara frees a U.S. pastor, as Qatar pledged $15 billion in investment to Turkey, supporting a rise in the Turkish lira. The White House stance appeared to give Turkish authorities little incentive to work for the release of Andrew Brunson, a pastor on trial in Turkey on terrorism charges and whose case Turkish officials have always said was a matter for the courts. …read more […]

Aug.15 — Harvey Pitt, former U.S. Securities and Exchange Commission chairman, reacts to a report that the SEC sent a subpoena to Tesla Inc. regarding CEO Elon Musk’s plan to take the electric-car maker private. He speaks with Bloomberg’s Ed Hammond on “Bloomberg Markets.” …read more […]

Goldman Sachs is working with Tesla on its bid to go private, the bank confirmed Wednesday. It’s still unclear whether there was a formal agreement when Elon Musk tweeted about working with the Wall Street firm. Follow Tesla’s stock price in real-time here. …read more […]

Tesla’s board in damage control after Elon Musk’s controversial tweet. Yahoo Finance’s Seana Smith, Andy Serwer, Dan Roberts and Mattie Duppler, Senior Fellow at the National Taxpayers Union discuss. …read more […]