Tesla Inc TSLA bears scored the latest victory in the Tesla saga this week when the company reported just 260 Model 3s produced in the third quarter after previously guiding for 1,500. But while Tesla shares dropped another 2 percent Tuesday and are now down 7.4 percent in the past three months, one quarter’s production number may not be as important…
Chipotle Mexican Grill, Inc. CMG 1.62% is again on the verge of a major technical breakdown.
U.S. rail stocks may be losing their steam. On Monday, Morgan Stanley analyst Ravi Shanker downgraded CSX Corporation CSX 0.3% and Union Pacific Corporation UNP 0.32% and said investors should be hopping aboard Canadian rail stocks Canadian National Railway (USA) CNI 0.43% and Canadian Pacific Railway Limited (USA) CP 0.58% instead.
In the wake of the most deadly mass shooting in U.S. history in Las Vegas on Sunday night, investors once again seem concerned that the topic of gun control laws will be back in the headlines.
Zynerba Pharmaceuticals Inc ZYNE 7.24% investors may have reason for cautious optimism after the company’s recent Fragile X Syndrome treatment data. On Monday, Cantor Fitzgerald analyst Elemer Piros upgraded Zynerba to Overweight and said there is a reasonable change ZYN002 will find commercial success as a treatment for Fragile X.
Zogenix, Inc. ZGNX 3.37% shares jumped another 5.6 percent Monday morning after exploding higher by 172 percent Sept. 29 in the wake of positive data on anti-epileptic drug ZX008. Shares of GW Pharmaceuticals PLC-ADR GWPH 0.31% plummeted 9.6 percent last Friday as well, and dropped another 2.3 percent Monday as investors see ZX008 as a potential threat to GW’s Epidiolex epilepsy treatment…
The Buckingham Research Group has initiated bullish coverage of a handful of payment stocks Monday. Analyst Chris Brendler sees plenty of opportunities for investors to turn a profit in the payment space, and he said the rising tide in payments will lift a number of ships.
Shares of homebuilder KB Home (NYSE: KBH) jumped 9 percent Friday after the company reported third-quarter revenue and earnings that topped analyst expectations. Despite the positive numbers, KB Home stock already trades at a generous valuation, and analysts see limited upside for the stock from its current price.
Roku Inc (Nasdaq: ROKU) got off to a hot start to its public life on Thursday when the highly anticipated IPO closed its first trading day up more than 67 percent. IPO investors appreciate the instant gains, but long-term investors should think twice before getting burned by the red-hot stock.
BlackBerry Ltd (Nasdaq: BBRY) stock jumped more than 17 percent on Thursday after the company reported record software sales in the second quarter. In addition, BlackBerry delivered a surprise profit and exceeded revenue expectations.