Month: January 2020

Elon Musk Jim Watson | AFP | Getty Images Tesla CEO Elon Musk doesn’t have a lot of love for Wall Street – a fact he often mentions, including on Wednesday night’s earnings conference call. To begin with, Musk’s company hosts an nontraditional quarterly call with shareholders: After making a short statement about Tesla’s results,
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The big stock charts featured this week have mostly been cautious at best. Owing to skittish broad market trading amid coronavirus fears, the focus mostly has been on stocks with potential downside, particularly if U.S. stocks began a long-awaited correction. Source: Shutterstock But it’s worth remembering that the financial news of the past few sessions
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Earlier this week Hexo Corp. (HEXO) stock slid after MKM downgraded the stock on news of a breach of contract lawsuit.   According to court papers, Hexo is being sued by Medipharm Labs Inc. for the non-payment of C$9.8 million ($7.5 million) related to shipments of cannabis resin. The lawsuit alleges that marijuana extractor Medipharm signed
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Tesla Inc CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, China, January 7, 2020. Aly Song | Reuters Investors betting against Elon Musk’s electric-auto maker Tesla collectively lost more than $1 billion-plus on Thursday as the company’s stock rocketed higher after its better-than-expected earnings report. Tesla popped 11.4%
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The market expected a withdrawal of 145 bcf The reaction to a larger than expected withdrawal tells a story Only eight weeks of winter left On January 30, the active month March natural gas futures contract reached a low after the EIA reported a larger than expected withdrawal from inventories. The price was just above
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Roku (NASDAQ:ROKU) stock has declined about 25% since reaching $179 in September. Concerns about competition have helped drag down Roku stock. The attrition came amid new “plus” streaming content debuts from Apple (NASDAQ:AAPL) and Disney (NYSE:DIS). Source: Michael Vi / Shutterstock.com As another InvestorPlace columnist, Chris Markoch, pointed out in October, a bunch of huge
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A deadly spreading virus is now worrying some of the world’s biggest companies. The word “virus” or “coronavirus” was mentioned by 27 different S&P Composite 1500 companies on earnings calls this week, according to CNBC’s screening using FactSet. The Wuhan virus has infected more than 6,100 people in China, topping the number of cases from
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