As Tesla Inc (ticker: TSLA) approaches the most critical time in the company’s history, bears are as skeptical as ever that the upcoming Model 3 will live up to the hype. On Wednesday, Goldman Sachs analyst David Tamberrino suggested Tesla investors could be in for some pain.
Oracle Corp. (ticker: ORCL) stock jumped 9 percent last month to new all-time highs after the company reported yet another quarter of impressive growth in cloud services revenue. On Tuesday, KeyBanc analyst Monika Garg upgraded Oracle to “overweight” and says the company still has a tremendous growth opportunity ahead for its cloud division.
Gaming revenue in the world’s largest gambling hub jumped 25.9 percent in June, according to new data from the Macau Gaming and Coordination Bureau. Despite yet another month of double-digit revenue growth in Macau, shares of Macau casino stocksare slumping on Monday after June growth fell short of consensus analyst expectations to increase 30 percent.
Micron Technology (ticker: MU) shares lost about 5 percent on Friday, despite the company reporting fiscal third-quarter earnings that topped Wall Street’s expectations. Micron reported Q3 earnings per share of $1.62 on revenue of $5.57 billion. Both numbers exceeded consensus analyst estimates of $1.51 and $5.41 billion, respectively.
Shares of Macau casino operators Melco Resorts & Entertainment Ltd(ADR) MLCO 1.4%, Wynn Resorts, Limited WYNN 1.62%, Las Vegas Sands Corp. LVS 0.32% and MGM Resorts International MGM 0.89% all traded lower Friday on new reports that one of Macau’s major junket operators may be facing a liquidity crisis.
A month ago, the near-term outlook for Twitter Inc TWTR 2.05% bulls was looking fairly bleak. However, in the past few weeks, the stock has broken out of a bearish head-and-shoulders pattern and is now trading at 2017 highs near the $20 level.
Amazon.com, Inc. AMZN 0.29% and CEO Jeff Bezos have recieved a lot of headlines recently after the company announced an acquisition of Whole Foods Market, Inc. WFM 0.12% in June. This week, Bezos is getting a bit more attention on Twitter Inc TWTR 2.05%, but not for his business savvy–for his fashion sense.
Shares of Macau casino operators Melco Resorts & Entertainment Ltd(ADR) MLCO 1.4%, Wynn Resorts, Limited WYNN 1.62%, Las Vegas Sands Corp. LVS 0.32% and MGM Resorts International MGM 0.89% were all getting hammered in early Friday trading after Bloomberg reported that one of Macau’s largest junket operators is concerned about liquidity. According to Bloomberg, Daiwa analyst Jamie Soo wrote that a major Macau junket operator…
Roughly a month after shares crashed in response to a bearish note from Goldman Sachs, Apple Inc. AAPL 0.05% is on track to close at its highest level since so-called “tech wreck Friday” after five consecutive daily gains.
It goes without saying that IPO investors never want to find themselves down roughly 25 percent within two weeks of a stock’s first day of trading. But that’s exactly the unfortunate situation that Blue Apron Holdings Inc APRN 0.46% IPO investors find themselves after Amazon.com, Inc. AMZN 0.29%’s purchase of Whole Foods Market, Inc. WFM 0.12% let all of the air out of…