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Stock Market & Financial Investment News

News Breaks
July 5, 2013
16:29 EDTTSLA, DELL, ABX, TSL, AU, YGEOn The Fly: Closing Wrap
Stocks on Wall Street were higher after a better than expected monthly jobs report, as the averages finished with gains for the shortened holiday week. ECONOMIC EVENTS: In the U.S., 195K new nonfarm jobs were added in June, beating the consensus forecast for 165K. The unemployment rate remained unchanged at 7.6%. In Europe, German factory orders unexpectedly declined 1.3% in May, versus the forecast for a gain of 1.2%. However, while U.S. markets were closed for the 4th of July holiday yesterday, the European Central Bank gave dovish forward guidance and the Bank of England struck a dovish tone as well. COMPANY NEWS: Dell (DELL) slipped 28c, or 2.1%, to $13.03 after Bloomberg, citing sources, reported that Michael Dell and Silver Lake likely will not raise their $13.65 per share bid to take the computer maker private. Also this morning, the company's special committee filed supplemental materials with the SEC to address questions from shareholders and the advisory firm ISS, stating that a competing proposal from Carl Icahn and Southeastern Asset Management relies on a sum-of-parts valuation of the company that implies "unrealistic multiples." MAJOR MOVERS: Among the notable gainers were several Chinese solar panel makers, including Yingli Green Energy (YGE), up 44c, or 13.25%, to $3.76, and Trina Solar (TSL), up 66c, or 10.70%, to $6.83 after Reuters reported that the EU and China are close to a deal over alleged dumping of solar panels. Also higher were shares of Tesla Motors (TSLA), up $4.85, or 4.21%, to $120.09 after the company said it has received hundreds of orders for its new Model S sedan in Hong Kong. Among the noteworthy losers were a number of gold miners, including AngloGold Ashanti (AU), down 96c, or 6.93%, to $12.89, and Barrick Gold (ABX), down 93c, or 6.33%, to $13.76 amid another pullback in the price of the precious metal. INDICES: The Dow was up 147.39, or 0.98%, to 15,135.84; the S&P 500 was up 16.48, or 1.02%, to 1,631.89; the Nasdaq was up 35.71, or 1.04%, to 3,479.38.
News For DELL;YGE;TSL;TSLA;AU;ABX From The Last 14 Days
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July 2, 2015
06:02 EDTTSLATesla delivers 11,507 vehicles in Q2
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July 1, 2015
11:37 EDTTSLAStocks with call strike movement; TSLA DAL
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07:30 EDTYGE, TSLDrop is Solar stocks a buying opportunity, says Deutsche Bank
Deutsche Bank analyst Vishal Shah attributes the recent weakness in the Solar space to investor concerns around increased interest rate and growth uncertainty, especially of YieldCos. Shah, however, views YieldCos as a significant growth catalyst for the solar and broader renewables sector. The analyst expects the current weakness to provide an attractive entry point for longer term investors. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
06:57 EDTTSLATesla EV owners frustrated with wait times at supercharger stations, WSJ says
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June 30, 2015
12:07 EDTTSLATransAlta to use Tesla battery technology in large scale energy storage project
TransAlta (TAC) has been awarded $250,000 from Alberta Innovates - Energy & Environment Solutions to help launch Alberta's first large-scale commercial energy storage project. TransAlta will use commercial-scale lithium-ion batteries to reduce energy costs for the customer. Five commercial-scale Tesla (TSLA) Powerpack batteries will be installed, each about the size of a household fridge, in a medium-sized building, such as a large grocery store, apartment block, post-secondary institution building or small office tower. The technology allows a building owner to purchase electricity during times of low demand and low prices - after midnight, for example - store it in the on-site battery units, and then use that power during periods of high demand when prices peak, typically in the late afternoon and early evening. The project should be running in late-2016. More than half of the total project costs will be covered by TransAlta as part of our commitment to the demonstration project.
07:37 EDTYGEYingli Green Energy completes bond financing $3.2M for solar project
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June 29, 2015
10:25 EDTTSLAFirm says SpaceX explosion could hurt ViaSat
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06:56 EDTTSLATesla shares have 'substantially' more upside, says Credit Suisse
Credit Suisse analyst Dan Galves said Tesla shares are "much cheaper" now than they were when they hit their all-time high in September 2014, noting that near-term risks for the auto business have been lowered substantially and he sees "substantially" more upside as possible for the stock. Galves expects Tesla to deliver 11,000-11,500 vehicles in Q2, topping the company's estimate for 10,000-11,000 deliveries, and believes the lower-end Model S70D will lead to an uptick in deliveries in the second half of the year. Galves keeps an Outperform rating on the stock and raised the firm's price target for Tesla to $325 from $290, adding that he thinks valuations as high as about $400 are possible over the next 12-18 months.
June 26, 2015
16:00 EDTTSLAOptions Update; June 26, 2015
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09:58 EDTTSLAChina to offer subsidies for new energy vehicles, People's Daily Online reports
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08:11 EDTTSLATesla outlook positive, says Pacific Crest
After touring Tesla's factory, Pacific Crest says the company looks poised to meet its timetable for the launch of its Model x vehicle. The firm is more upbeat on the outlook for the company's energy storage business than it was previously, and thinks that the business could generate significantly more revenue than expected. The firm thinks the bear scenario of Q4 demand being too weak to support ramping production is unlikely to play out. It keeps an Overweight rating on Tesla.
June 25, 2015
16:00 EDTTSLAOptions Update; June 25, 2015
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15:59 EDTTSLATesla China shipments slow again in May, IBD says
Tesla shipped only 163 Model S sedans to China in May, which was nearly double the prior month's total but down from the 414 units averaged in the past 12 months, said Investor's Business Daily, citing data released by JL Warren Capital. Reference Link
07:17 EDTDELLRed Hat to hold a summit
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07:12 EDTTSLAAfter surveying 145 car owners, Jefferies raises Tesla price target
Jefferies analyst Dan Dolev raised his price target for Tesla shares to $360 from $350 after surveying 145 owners of the company's electric cars. The stock closed yesterday down $2.50 to $265.17. On average, owners were willing to pay 60% more for a Tesla, which suggests a much larger total addressable market when the lower priced Model III is introduced in 2017, Dolev tells investors this morning in a research note. Further, the survey highlighted "exceptional" brand loyalty, with 85% noting that their next car would be a Tesla, the analyst writes. Dolev upped his 2020 production estimate from 515K cars from 500K and keeps a Buy rating on Tesla.
06:00 EDTTSLATesla implied volatility of 29 at lower end of index mean range
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June 24, 2015
09:35 EDTTSLAActive equity options trading on open
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07:35 EDTYGEYingli Green Energy to supply 40 MW of solar panels to Honduras' Sybac Solar
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June 23, 2015
11:39 EDTTSLAStocks with call strike movement; TSLA MU
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07:41 EDTDELLRed Hat to hold a summit
Red Hat Summit 2015 is being held in Boston on June 23-26 with webcasted company presentations to begin on June 23 at 4 pm; not all presentations may be webcasted. Webcast Link
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