Tesla Inc (Nasdaq: TSLA) stock gained 16.1 percent on Thursday after a mixed second-quarter earnings report Wednesday afternoon. Tesla’s huge move cost short sellers a lot of money, but some Wall Street analysts say Tesla short sellers will still come out on top in the long term.
Molson Coors Brewing Co (NYSE: TAP) is developing a new adult beverage, and beer drinkers may soon have a way to avoid those alcohol-induced hangovers. This week, Molson Coors announced a new joint venture with Canadian marijuana producer Hydropothecary to develop a non-alcoholic, cannabis-infused beer.
Square Inc (NYSE: SQ) stock rose 8 percent Thursday, a day after the company reported second-quarter earnings and revenue beats. Square’s impressive growth numbers won over the market, but analysts are questioning whether or not margin concerns will eventually catch up to SQ stock.
The athletic apparel space has been a challenge for investors, but Morgan Stanley analyst Lauren Cassel says opportunities are opening for long-term investors. She prefers investing in brands rather than retailers and says Nike Inc (NYSE: NKE) is her top stock pick.
T-Mobile US Inc (Nasdaq: TMUS) stock gained 1 percent in after-hours trading after the company reported a second-quarter earnings beat and exceeded expectations for wireless subscriber growth on Wednesday. Despite the solid quarter, analysts say uncertainty surrounding T-Mobile’s proposed buyout of Sprint Corp. (S) will continue to limit TMUS stock upside.
Chinese search giant Baidu Inc (Nasdaq: BIDU) reported better-than-expected second-quarter revenue on Tuesday, driven by growth in its online advertising business. However, the stock traded lower by more than 5 percent Wednesday on concerns about rising costs.
Pandora Media Inc (NYSE: P) stock jumped more than 20 percent on Wednesday after the company beat Wall Street revenue expectations handily for the second consecutive quarter. However, while investors cheer Pandora’s growth, analysts say the company’s path to profitability will be difficult.