Last week, two bearish analysts finally threw in the towel on Tesla, and the stock market has not stopped running. The stock hit another $ 381 this week, up 24%, expanding its 2020 earnings to around 380%. Shares broke the $ 2,000 barrier on Thursday and, of course, rose again …
Read More »Tesla stock flirts with $ 2,000. Here’s what History says comes next.
Text size Tesla stock is more than 40% above its 50-day moving average. Sean Gallup / Getty Images After a short break Wednesday after a 5-day rally that added more than $ 500, or 36%, to the share price, Tesla shares were on the move again, up nearly $ 100, …
Read More »Estimated profit for Alibaba Beat. Why his forehead falls.
Text size Alain Jocard / AFP via Getty Images Shares of Alibaba Group Holding traded modestly lower on Thursday despite posting results in June that were slightly better than Wall Street expectations. For the four-year period, the China-based e-commerce giant posted revenue of $ 21.8 billion, up 34% from a …
Read More »Intel stock market jumps on $ 10 billion purchase
Text size Photo by Alexander Koerner / Getty Images Intel shares are on the rise after the chip company announced an accelerated $ 10 billion program for purchase. Following the completion of the repurchase, Intel said it will have $ 17.6 billion in purchases from the $ 20 billion authorization …
Read More »Stock market ignores restrictions of Trump administration. Here’s why it should not.
Text size Kevin Frayer / Getty Images Brands responded calmly to the recent escalation of the Trump administration’s war on Chinese telecom giant Huawei. Maybe too calm. U.S. Commerce Department regulations issued Aug. 17 will in theory prevent Huawei from purchasing any hardware or software that has all inputs of …
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