Old news, Bank of America should care about Bank of America
Tokyo (Nikkei Average) down 1.5%
Hong Kong (Hang Seng Index) down 0.6%
Sydney (S&P/ASX 200) down 0.2%
Seoul (Kospi) down 0.3%
Mumbai (Sensex) flat
Taipei (Taiex) down 0.5%
Tesla TSLA -5.85% fell sharply on Friday, slipping into bear market territory, along with Netflix NFLX -4.90% and Facebook FB -4.61% . All three stocks have gained spectacularly in 2013, although Tesla shouldered the burden of becoming the poster child of momentum plays due to its 344% rally last year.
Tesla and Netflix are what short-seller Andrew Left at Citron Research labels as “cult stocks,” those which have diehard followers who are devoted to its products and in turn, similarly worship the stocks.
Among the companies whose shares are expected to see active trade in Monday’s session are Tesla Motors Inc., Facebook Inc., and Netflix Inc. in the wake of the sell-off in so-called momentum stocks recently.
We’re struggling to keep up with demand ... as we get into the early summer months, we’ll be closer to a full supply situation," says PlayStation division chief Andrew House.
PS4 sales topped 6M in early March, putting them well ahead of Sony's original target of 5M sales by the end of March. All signs suggest the console is handily outselling the Xbox One, aided by a $100 price difference, a stronger gaming focus, and (for now) broader availability.
PS4 CPU/GPU supplier AMD, estimated by IHS to receive $110 per console shipment, would doubtlessly like to see supply constraints come to an end. At the same time, it can't be complaining about demand.