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Showing posts with label TSLA. Show all posts
Showing posts with label TSLA. Show all posts
Verizon & Vodafone End Venture; Beef over Fast Food
Verizon (VZ) and Vodafone (VOD) are in talks to end their partnership in Verizon Wireless. Word is Verizon would pay Vodafone well over $100-billion for its stake in the joint venture. Breaking news: The Commerce Department's latest estimate of GDP has exceeded expectations. The first estimate came in at 1.7%. Fast food workers are taking a beef to the picket lines. The workers are pushing to get chains like McDonald's (MCD), Wendy's (WEN) and Taco Bell (YUM) to raise their wages to $15 an hour, which is double the national minimum wage. STOCKS TO WATCH
Campbell's (CPB) reported earnings this morning. The maker of soup and more posted earnings of 45-cents a share, up 4-cents from a year ago and 3-cents better than estimates. The company has been working to strengthen its core business while also expanding into higher-growth spaces. Guess (GES) has been up more than 18% since yesterday's closing bell. The company shattered estimates with its earnings report, posting profits of 52-cents a share, when analysts were looking for 36-cents. The climb we're seeing on this report, just about mirrors an 18% drop in Guess stock over the past month. The smaller competitor of Whole Foods says same store sales rose 3.4% in the quarter, and revenue rose 13% from a year earlier. Prior to this morning Fresh Market shares were up 13% year-to-date. Krispy Kreme (KKD) reports after the closing bell. Krispy Kreme is expected to post healthy gains over last year: earnings of 16-cents a share, up from 12-cents on revenue that's risen to $111-million.
On Fina Fresh Market
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Tesla Motors, Inc. (TSLA) Stock - NasdaqGS
Tesla Motors, Inc. (Tesla) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. Tesla owns its sales and service network. The Company is engaged in commercially producing a federally-compliant electric vehicle, the Tesla Roadster. addition to developing its Model S and future vehicle manufacturing capabilities at the Tesla Factory, the Company is designing, developing and manufacturing lithium-ion battery packs, electric motors, gearboxes and components both for its vehicles and for its original equipment manufacturer customers. These activities occur at its electric powertrain manufacturing facility in Palo Alto, California and at the Tesla Factory. The Company provides services for the development of electric powertrain components and sells electric powertrain components to other automotive manufacturers.
Ashton Kutcher owns one of the more than 13,000 Tesla Model S electric sedans on the road in North America, and he's quite pleased about it.
After ditching his Lexus hybrid, Kutcher liked his new ride so much that he bought stock in Tesla.
Kutcher has gotten into investing of late, putting about $100 million into companies including Airbnb, Spotify and Foursquare.
"EVs get held to a higher standard," he told ClimateWire.
Miller Tabak’s Andrew Wilkinson offers another reason: Fed tapering fears. He writes:
Some of the poor tone ahead of the start to US trading may be as a result of ongoing taper talk surrounding the Fed’s intentions. With the August non-farm payroll reading due September 6, there remains a sense that two weeks later could still deliver the first announced reduction in the volume of monthly bond purchases. Still, even if that happens it should be taken as an ultimate sign of recovering economic health and not as a detractor from the US economy.
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