|Day's Range||354.51 - 354.51|
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Elon Musk’s first electric car plant in Europe is facing legal delays that could set the project back by several months after a court said clearing a forest near Berlin for the Tesla Inc. factory must stop immediately while it considers a challenge by environmentalists.The Berlin-Brandenburg higher administrative court issued a temporary injunction against further logging, overturning a lower court ruling that had rejected a request by environmental group Gruene Liga Brandenburg. The group is seeking to prevent Tesla from clearing more of the trees and the court said it will make a final decision on the complaint in the coming days.Tesla and the government of Brandenburg, where the plant is located, have until mid-day on Tuesday to respond to the court and will meet that deadline, Joerg Steinbach, Brandenburg’s economy minister, said on Twitter, adding that they will then “rely on the prompt decision” of the court.If Tesla doesn’t clear the forest by mid-March before the wildlife breeding period begins, construction could be delayed by six to nine months, local officials have warned.The injunction threatens Tesla’s ambitious timetable of having the plant up and running from mid-2021. If it does clear Germany’s red tape, the site could churn out as many as 500,000 cars a year, employ 12,000 people and pose a serious challenge to Volkswagen AG, Daimler AG and BMW AG. Musk recently tried to ease local concerns about water usage for the plant, which would border a nature reserve.Workers have already scoured the equivalent of about 150 soccer fields of forest and removed most of the errant World War II ammunition found there.The project’s environmental stipulations include scaring off or relocating wolves, bats, snakes and lizards until construction is over. Under German environmental regulations, the project in the small town of Gruenheide must also consider the breeding period for local wildlife in spring.(Adds background)\--With assistance from Karin Matussek.To contact the reporters on this story: Stefan Nicola in Berlin at firstname.lastname@example.org;Richard Weiss in Frankfurt at email@example.comTo contact the editors responsible for this story: Daniel Schaefer at firstname.lastname@example.org, Chris Reiter, Chad ThomasFor 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.
China's auto market, the world's largest, is likely to see sales slide more than 10% in the first half of the year due to the coronavirus epidemic, the country's top auto industry body told Reuters on Friday. "We predict auto sales will drop by more than 10% in the first half of this year, and around 5% for the whole year if the epidemic is effectively contained before April," Fu Bingfeng, executive vice chairman of the China Association of Automobile Manufacturers (CAAM), told Reuters in a written interview. Auto executives say the coronavirus, which has killed more than 1,380 people and infected nearly 64,000 in mainland China, is taking a severe toll on the industry, sapping buyer demand and disrupting supply chains for car makers globally.
A German court on Sunday ordered Tesla Inc to stop clearing forest land near the capital Berlin to build its first European car and battery factory, a victory for local environmental activists. The U.S. electric carmaker announced plans last November to build a Gigafactory in Gruenheide in the eastern state of Brandenburg. The court ruling, by the higher administrative court of the states of Berlin and Brandenburg, comes after the state environmental office gave a green light to clear 92 hectares of forest for the plant.
This weekend's Barron's cover story explores what comes next for the empire that Warren Buffet built. Other featured articles present the annual ranking of top fund families, examine regulatory issues at tech giants and review the performance of former Dividend Aristocrats. Cover story "Inside Berkshire Hathaway's Future Without Warren Buffett" by Andrew Bary makes a case that as the Oracle of Omaha turns 90 this year, the company he built, Berkshire Hathaway Inc. (NASDAQ: BRK-A), could be in for a stock-boosting makeover.
Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included a leading automaker and a resort operator. Bearish calls included an apparel maker and a ...
During the California gold rush, many miners went bankrupt. However many merchants who were selling picks and shovels became rich. Most investors recognize that the gold rush is on in 5G and artificial intelligence.
Tesla Inc. said it is planning to offer about $2 billion of common stock in an underwritten deal and, separately, disclosed an SEC subpoena looking into some of its financing arrangements.
Billionaire Ray Dalio's Bridgewater Associates, Viking Global Investors, and Granite Point Capital were among prominent hedge funds placing new bets on electric carmaker Tesla Inc in the fourth quarter, positioning them to gain from its nearly 100% rally over the first six weeks of the year. The positions were revealed in 13F filings with the U.S. Securities and Exchange Commission released on Thursday and Friday, which are one of the few public ways of tracking what hedge fund managers are selling and buying. If each hedge fund had held on to its stake, Bridgewater's purchase of nearly 45,000 shares would be worth approximately $36 million (£27 million), while Viking's purchase of nearly 52,000 shares would be would be worth slightly more than $42 million.
Investors might be tempted to take profits in Teladoc Health (NYSE:TDOC). After all, TDOC stock has gained 900% from its 2016 lows. And it certainly looks expensive. The provider of virtual healthcare services now has a market capitalization over $8 billion.Source: Piotr Swat / Shutterstock.com Yet Teladoc isn't profitable, and likely won't be until 2022. Shares trade at a whopping 11x next year's revenue estimates.But the stock shouldn't be cheap. It provides a long-term opportunity for growth that few companies in this market can match. Most, if not all, of those companies have been huge winners. Electric vehicle growth has driven Tesla (NASDAQ:TSLA) to stunning levels. Shopify (NYSE:SHOP) has been perhaps the market's best stock over the past year.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThose companies, too, faced valuation concerns -- and short sellers. Indeed, roughly 30% of TDOC stock is sold short at the moment. * 7 Earnings Reports to Watch Next Week Investors have been best-served, however, by ignoring the shorts and even Wall Street. Growth has trumped valuation at every turn in this bull market. Teladoc's growth is going to be explosive. The Telehealth OpportunityUnsurprisingly, Teladoc Health has jumped out to an early lead in telehealth. The company, after all, was founded by veterans of the National Aeronautics and Space Administration after that agency pioneered remote health services for astronauts at the International Space Station.Since its founding in 2002, Teladoc has become the unquestioned leader in telehealth. Its market share reportedly sits near 75%. The company offers some 450 medical subspecialties, and completed 2.6 million visits worldwide in 2018. That latter figure should rise over 50% in 2019, based on current company's guidance.Teladoc's customers already include health insurance providers like Aetna (NYSE:AET), UnitedHealth (NYSE:UHC) and several Blue Cross Blue Shield companies. Bank of America (NYSE:BAC) and General Mills (NYSE:GIS) headline the company's roster of employers.Teladoc clearly has the "first mover advantage" in telehealth. And it's going to be a fast-growing market.Younger millennial consumers won't want to visit a doctor's office any more than they want to visit a brick-and-mortar retailer. They can virtually visit a doctor on the Teladoc app in a median time of just ten minutes.Rural patients face long driving distances and/or a lack of specialized providers. Telehealth can be a literal lifesaver for them.Even our company's mental health crisis could be ameliorated via telemedicine. Simply put, Teladoc's service can deliver better care to more patients in a more efficient and cost-effective manner. Is TDOC Stock Too Expensive?Again, Teladoc Health isn't cheap. That might worry some investors. But the company has plenty of room to grow into -- and beyond -- the current valuation.After all, the potential market here is enormous. Back in 2017, Teladoc Health estimated its addressable market in the U.S. at $29 billion.That was before the company acquired Advance Medical in 2018, which helped expand the company worldwide. As of the end of 2018, Teladoc operated in over 130 countries and more than 20 languages, according to its Form 10-K filed with the U.S. Securities and Exchange Commission.Revenue for 2020 is likely to be less than $700 million. That in turn suggests Teladoc has penetrated less than 3% of its potential market just in the U.S. As the company noted in a presentation last month, there are 75 million potential users as current U.S. clients. Teladoc's total user base at the moment is just 54 million.If the U.S. market is $30 billion and the global market $50 billion or more, what happens if Teladoc holds even 30% market share? Or 60%?In either scenario, an $8 billion market value won't look "expensive" in retrospect. It will look like a gift. Stick With the WinnerI've been recommending Teladoc Health going back to 2018. All that has changed since then is its valuation. TDOC stock has gained 68% since mid-2018.But I believe the company, and the stock, are just getting started. There are few better opportunities out there, where an investor can own the unchallenged leader in an industry with decades of growth ahead.Tesla is one. Shopify another. Those stocks have risen by multiples of their former share prices -- and faced valuation concerns the entire way. TDOC stock has risen nicely, but it hasn't seen that explosive upside yet.But it will at some point, as long as Teladoc keeps executing.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Up 900%, Teladoc Stock Still Has Tremendous Upside Ahead appeared first on InvestorPlace.
Yahoo Finance is maintaining a working list companies that have been affected by the outbreak, and are expected to feel the effects through the first half of the year.
Heavily-shorted stocks are supposed to be the domain of smart money. But it doesn't always work out that way for those investors. And right now I'm willing to give those pros the benefit of the doubt on one of their bearish bets and two names which have me thinking of the movie Dumb & Dumber. Let me explain.The market seemingly just won't go down. Not that there aren't more than a few professionals quietly betting against it, in heavily-shorted stocks or vis-a-vis obfuscated options strategies that are much more difficult to track. But that doesn't make these investors right. Actually, far from it.Bottom line, the trend is your friend. And right now the broader trend is still bullish despite the market even having to endure end-of-days style threats from the coronavirus virus the past couple weeks. I'm personally amazed at this resilience. However, I'm also unwilling to simply bet against it as some are doing.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Exciting Stocks to Buy for Aggressive Investors Having said that, let's look at one smart money shorted stock opportunity where the trend is in fact working and two instances where those investors look a bit more like Lloyd Christmas and Harry Dunne. Shorted Stocks: Kohl's (KSS) Source: Charts by TradingViewBrick-and-mortar department store chain Kohl's (NYSE:KSS) is our first shorted stock. And here, we have to agree with the outfit's resident bear population of nearly 15%. Not only did last April's 'package return' partnership with retail and tech giant Amazon (NASDAQ:AMZN) mark a key high in shares and fail to bring in paying customers, this heavily-shorted name has now announced a necessitated restructuring due to its ailing ways.For today's bearish traders, there's more to the story. The price chart in KSS stock continues to paint a grim picture for bulls that's ripe for shorting. As the provided weekly chart shows, it's been a profitable ride for bears in this shorted stock since the Amazon deal established an irregular, i.e. high right, shoulder.Now a bearish weekly cup-with-handle developed off last year's low and a subsequent 'return move' which aggressively turned Kohl's shares back towards those lows, is setting up. As much, it's time to join the smart money in KSS stock.KSS Stock Strategy: I'd recommend gaining bearish exposure in this shorted stock beneath the handle low of $42.50. The pattern entry also requires the consolidation's high of $46.47 from last week remains intact. Failing that, all bets are off the table. And it nearly goes without saying, if a short is elected, a later-dated failure of the handle would be a strong reason to exit the position. YETI Holdings (YETI) Source: Charts by TradingViewYeti (NYSE:YETI) is the next shorted stock to catch our eye. Here though, my view is that YETI stock's 50%-plus short interest are being 'dumb,' and this high-end cooler upstart and cooler-than-cool hip brand should be on the radar for buying.Technically, the recent IPO has put together a very durable technical consolidation that has combined two bases over the course of nine-plus months. But some might point out this is the result of a failed cup breakout, and further, last week's attempt to rally above the second corrective base didn't work out either. But there are reasons to believe the third time will prove the charm for bulls.Following this week's solid earnings beat and despite trading lower, YETI stock has nevertheless maintained its technical composure by establishing a weekly doji. What's more, the 'decision' candlestick has formed a new pivot low within the combined base's bullishly-trending series of higher lows. All told, there's solid technical evidence hinting that this shorted stock's bears are about to be put on ice! * 7 Exciting Stocks to Buy for Aggressive Investors YETI Stock Strategy: Buy YETI stock above $36.73. This entry confirms the decision candlestick as a bullish pattern. It also has the added advantage of clearing the first base's original breakout attempt. Use the candlestick low, if required, as a very real reason to abort while containing risk to a reasonable level. Tesla (TSLA) Source: Charts by TradingViewTesla (NASDAQ:TSLA) is the last of our shorted stocks. The EV manufacturer is also another buy candidate where the bears could be acting even 'dumber.' Short interest on a percentage basis isn't outrageously high in Tesla. But due to the company's $145 billion market cap, in dollar terms it is the largest short in the market at the moment.Technically, shares of Tesla broke out of a triangle consolidation on Thursday. It bodes well for bulls, as the formation has the advantage of being a continuation pattern. And as everyone knows, except maybe Ralph Nader, this shorted stock has been on a tear and delivering massive profits to bullish investors.Now and following news of a secondary priced at $767 and shares holding the pattern breakout above $800, there's strong evidence off and on the price chart that bullish investors remain in the driver's seat.TSLA Stock Strategy: With shares near $804, this shorted stock is in position for buying. I'd personally recommend the use of a slightly out-of-the-money bull call spread to limit and reduce risk while leveraging one's upside profit potential. Either way, I'd also recommend using $755 for closing the long if needed. That does a good job of minimizing exposure even more. And as the price pattern suggests, that's enough leeway on the Tesla chart as well.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post 3 Heavily Shorted Stocks to Turn a Profit On appeared first on InvestorPlace.
After weathering the chip slump, STMicroelectronics (NYSE:STM) is set up to be a leader in the Internet of Things.Source: Michael Vi / Shutterstock.com The Internet of Things combines sensors, analysis software and communications. It brings previously inanimate devices under computer control.Self-driving cars are the best-known IoT niche. STM lists Tesla (NASDAQ:TSLA) and Intel's (NASDAQ:INTC) Mobileye unit among its top 10 customers. But traffic lights, sewers, phone networks, and even biological processes, can be constantly monitored and controlled using STM microcontrollers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Exciting Stocks to Buy for Aggressive Investors A poor first half of 2019 at STM was followed by a strong second half. This sent the shares up 85% over the last six months. At its Feb. 14 opening price of $31.29 per share, STM has a market cap of $28.5 billion against revenues of about $9.5 billion. Its price to earnings ratio of 28 is close to that of Taiwan Semiconductor (NYSE:TSM). STM Business and EarningsA valuation like that of TSM makes sense because STM both designs and makes its own chips. Many are made using obscure processes like Fully Depleted Silicon on Insulator (FD-SOI), Radio Frequency Silicon on Insulator (RF-SOI) and Vertical Intelligent Power (VIPower).For its fourth quarter, announced in January, STM beat analyst estimates with earnings of $392 million, 43 cents per share fully diluted, and revenue of $2.75 billion. Management is projecting 2020 revenues of $12 billion and what it calls "solid, sustainable growth."Most people have never heard of STM because its brand name is hidden inside other companies' products. Its chips go into sub-assemblies, programmed to collect data and communicate it over fixed or variable distances. Still, the company claims about 18,500 patents and filed for 590 more last year.One example of what STM does is its new LoRA SOC. This enables long-range transmission of data for creating smart devices that are managed remotely. The company manufactures in both France and Italy, as well as Singapore, with assembly and testing facilities in Asia and Morocco. Waiting for the PunchI began writing about IoT technology in the early 2000s, calling it the "World of Always On." I now prefer to call it "the Machine Internet," and it's a focus for growth in the new decade. Growth has been slowed by a lack of standards, by questions of security, and by privacy worries. STM works, with groups like the Zigbee Alliance on standards aimed at making microcontroller communication invisible.Some of the technical hurdles are now being crossed and niches like self-driving cars are heating up. Analysts expect STM to earn $1.45 per share this year, compared with $1.14 per share last year. Zacks recently profiled it as "an incredible growth stock," because earnings estimates have been steadily rising. The Bottom LineThe biggest risks for STM stock right now would be a manufacturing slowdown caused by the coronavirus and growing international tension slowing trade.If that happens, bigger profits will be delayed, but only for a time. The productivity benefits from radio-controlled sensors are impossible to deny. STM also has over $2.7 billion in cash on the balance sheet to weather any storm, against long term debt of $1.9 billion. That's a strong capital position for a manufacturer.A big year for STM will also mean a big year for its customers, and thus for the global economy. Products that sense and manage their own condition can be fixed before they break. They're managed remotely and increase productivity.For people who grew up at the dawn of the computer age, what STM products allow may be indistinguishable from magic. But your grandkids take it for granted.Dana Blankenhorn has been a financial and technology journalist since 1978. He is the author of the environmental thriller Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Exciting Stocks to Buy for Aggressive Investors * 20 Stocks to Buy From the Law of Accelerating Returns * 7 U.S. Stocks to Buy on Coronavirus Weakness The post STMicroelectronics Waiting on the IoT appeared first on InvestorPlace.
Electric automaker Tesla Inc (NASDAQ: TSLA) is among the most contested stocks, and the debate likely picked up momentum after the company announced a 2.65-million share offering at $767 each this week. The Bear Argument: Why Does Tesla Need The Cash?
Tesla Inc. earned kudos from investors for tapping capital markets this week, with the stock holding above $800 and looking at an 11th week of gains. Tesla (TSLA) earlier this week offered to sell $2 billion in common stock even though company executives had dismissed that possibility only a few weeks before. “Our applause for issuing equity,” analysts at Evercore ISI said in a note Friday.
Tesla priced its second offering of stock at $767 a share Friday. An announcement Thursday that Tesla would put an additional $2 billion worth of stock on the market surprised almost everyone. Just two weeks ago, CEO Elon Musk said the company had enough cash to fund its capital programs and that it didn't need to raise any more money.
On Friday, Tesla Inc (NASDAQ: TSLA) priced its surprise $2-billion equity offering at $767 per share, a 4.6% discount to Thursday’s closing price. Tesla will sell 2.65 million shares of stock, and CEO Elon Musk will buy $10 million in stock himself. Now that the offering has been priced, Tesla experts and investors are shifting their attention to how exactly Tesla will put the cash to work.
Tesla (TSLA) is the clear captivating name in the electric vehicle space once again this year, but the Global X Autonomous & Electric Vehicles ETF (DRIV) is performing admirably even with a light Tesla weight, proving broad exposure to the electric vehicle ecosystem can benefit investors. DRIV seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Autonomous & Electric Vehicles Index. Global automotive industry observers believe electric vehicles will reach comparable price points to traditional internal combustion engine vehicles sometime in the next several years, making it more compelling for drivers to make the switch to electric vehicles.
China’s electric vehicle manufacturers posted significant losses last month, as steep cuts in government subsidies continued to weigh on the sector. But a top executive at the country’s largest EV maker BYD says, Chinese carmakers need to “build more competitive cars” to reduce their reliance on government policies.