One Wall Street analyst dialed back near-term expectations for Tesla Inc TSLA 0.57% Tuesday but reiterated his bullish long-term thesis. According to Guggenheim analyst Robert Cihra, Tesla’s recent $1.8 billion bond sale and its $3,000 Model X price cut may weigh on earnings in coming months, but they are no reason for investors to miss out on Tesla’s potential years down…
On Monday, Advanced Micro Devices Inc. AMD 2.12% shares jumped 4 percent after the company fired the latest shot in its ongoing battle with rival NVIDIA Corporation NVDA 6.32% by releasing its brand new Radeon RX Vega 56 and 64 graphics cards. The new cards are a direct response to Nvidia’s highly successful GeForce GTX 1080 and 1070 cards, which were released last…
Biotech traders are always on the lookout for stocks with major catalysts on the horizon, and newly-public Kala Pharmaceuticals Inc KALA 4.75% fits the mold ahead of what will be a critical second half of 2017 for the company.
Morgan Stanley analyst Joseph Moore recently attended the 2017 Flash Memory Summit and took place in company events, panel discussions and private events with industry insiders. Following the summit, Moore is even more convinced of Morgan Stanley’s bullish thesis on Micron Technology, Inc. MU 0.2%.
NVIDIA Corporation (NASDAQ: NVDA) shares bounced 3.8 percent on Moday after a post-earnings sell-off took the stock significantly lower last week. According to Argus analyst Jim Kelleher, traders buying on the dip were making the right move.
Shares of timber giant Weyerhauser Co WY 0.21% drifted lower by 4 percent over the past six months, but bulls may have even longer to wait for the stock to regain its positive momentum. On Sunday, BMO Capital Markets analyst Mark Wilde downgraded Weyerhauser from Outperform to Market Perform based on concerns about log prices.
Tesla Inc TSLA 0.57% is one of the most polarizing stocks in the market. Baird analyst Ben Kallo is among the most optimistic Tesla bulls. On Monday, Kallo reiterated his Overweight rating for Tesla and raised his price target for the stock from $368 to $411. He also issues a word of warning for the all the Tesla short sellers…
Teva Pharmaceutical Industries Ltd (ADR) TEVA 1.42%‘s management recently made the difficult decision to slash the company’s 6.5-percent dividend by 75 percent, lowering the stock’s yield to just 1.2 percent. The decision will save the company some much-needed cash, but it has done a number on its share price and sent Wall Street analysts running for the hills.
Snap Inc SNAP 2.28% shared plummeted 11 percent Friday to new all-time lows following a disappointing Q2 earnings report.
At this point, these massive short squeezes in DryShips Inc. DRYSare getting to be a routine occurrence. On Friday morning, the company announced the sale of $100 million of DryShips stock at a price of $2.75 per share to “entities affiliated with its Chairman and Chief Executive Officer, Mr. George Economu.”