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  • Tesla blows away estimates as deliveries ramp up, targeting 500K by year's end amid coronavirus
    Business
    Yahoo Finance

    Tesla blows away estimates as deliveries ramp up, targeting 500K by year's end amid coronavirus

    Tesla reported third-quarter earnings results after market close on Wednesday.

  • Peloton Slides After Goldman Downgrade on 458% Share Price Rally
    Business
    Bloomberg

    Peloton Slides After Goldman Downgrade on 458% Share Price Rally

    (Bloomberg) -- Peloton Interactive Inc. slid in extended trading Wednesday after Goldman Sachs issued a rare downgrade of the stock to a hold-equivalent rating, citing a more than fivefold share-price rally over the past year.The 458% gain in Peloton shares since it was added to a Goldman buy list in 2019 suggests that “much of the near term opportunity is priced in,” analyst Heath Terry wrote in a research report cutting the rating to neutral from buy. Peloton fell as much as 3.9% in postmarket trading.Shares of the New York-based company surged this year as Covid-19 lockdowns led to major growth in the home fitness market, as consumers look for ways to stay fit with many gyms across the U.S. remaining closed. Of the 27 analysts tracked by Bloomberg who cover the stock, now only three have a hold rating with one sell.Terry also warned that Peloton’s forecast for the quarter ended in December could disappoint when the company reports results on Nov. 5 due to shipping delays caused by congestion at the Port of Los Angeles.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Jim Cramer Likes These Stocks If Joe Biden Wins The Election
    Business
    Benzinga

    Jim Cramer Likes These Stocks If Joe Biden Wins The Election

    Jim Cramer discussed Tuesday on CNBC's "Mad Money" his "basket of winners" if former Vice President Joe Biden wins the presidential election.Cramer believes if Biden wins the election, the Democrats will be eager to throw money at the solar industry. Two solar stocks he likes: First Solar, Inc. (NASDAQ: FSLR) and Tesla, Inc. (NASDAQ: TSLA). Infrastructure is another industry Cramer believes will be a winner if Biden wins. If there is a democratic sweep, we could see an infrastructure package. Cramer likes these two infrastructure stocks: Caterpillar Inc. (NYSE: CAT) and Deere & Company (NYSE: DE).See Also: Trump, Biden To Have Microphones Muted In Final Debate When Rival Makes Opening RemarksCramer says the main difference between President Donald Trump and Biden is trade. He believes if Biden wins, there will be no more trade war with China. Cramer likes these Chinese play stocks: 3M Company (NYSE: MMM), Emerson Electric Co (NYSE: EMR) and Otis Worldwide Corporation (NYSE: OTIS).The biggest winners are the China consumer plays, which are Starbucks Corporation (NASDAQ: SBUX), Apple Inc. (NASDAQ: AAPL) and Nike, Inc. (NYSE: NKE) according to Cramer. He believes Nike will hit the $135 price range due to the company's Chinese business.See more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Container Store Surges On Big Q2 Sales Beat, Marie Kondo Partnership * Jason Snipe Gives His Bullish Thoughts On Wayfair, AutoZone(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Tesla wows on latest numbers
    Business
    TechCrunch

    Tesla wows on latest numbers

    Tesla's latest quarterly numbers beat analyst expectations on both revenue and earnings per share, bringing in $8.77 billion in revenues for the third quarter. With the report that Tesla had already beaten Wall Street's expectations for deliveries earlier this month, the question for today's earnings call was how much efficiency (and by extension, profit) the electric car and battery company was able to wring out of its manufacturing processes. Now we have the answer, as Tesla reported net income of $331 million* on revenues of $8.77 billion for the third quarter.