|Bid||257.60 x 1000|
|Ask||257.85 x 900|
|Day's Range||254.62 - 259.96|
|52 Week Range||176.99 - 387.46|
|Beta (3Y Monthly)||0.34|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 24, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||277.50|
Fifty years after a historic moment for the planet, commercial companies are racing to get humans back on the moon, and beyond.
Tesla Inc. is expected to report second-quarter results after the bell Wednesday amid a rally for its battered stock fueled by better-than-expected quarterly sales.
After several straight sessions of declines, it looked like we would get a bounce in the Nasdaq today. However, late in the session stocks began to sink due to escalating tensions in the Persian Gulf. It's got investors selling into the weekend and putting their worries on hold.Source: Shutterstock Where does that leave the Nasdaq now? Trading the Nasdaq TodayThe Nasdaq looked like it was bouncing hard on a near-test of the 20-day moving average from Thursday. The morning price action in the PowerShares QQQ ETF (NASDAQ:QQQ) -- which closely follows the Nasdaq's action -- looked like it might run back up to new highs. After all, Friday's high of $193.83 wasn't all that far from its all-time high of $194.19.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Click to EnlargeWith Friday's reversal though, it leaves the QQQ with a possible break below channel support (blue line). However, it's still holding up over prior range resistance near $191. While the action is discouraging, investors don't have much to fret so long as the QQQ is north of $191 and the 20-day moving average. Below these levels opens up the door to further declines, and obviously earnings will play a large role. * 10 Tech Stocks That Are Still Worth Your Time (And Money) We heard from Netflix (NASDAQ:NFLX) on Wednesday and from Microsoft (NASDAQ:MSFT) on Thursday. But next week will be busy.Investors will hear from Facebook (NASDAQ:FB), Tesla (NASDAQ:TSLA), PayPal (NASDAQ:PYPL), Amazon (NASDAQ:AMZN) Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Comcast (NASDAQ:CMCSA), Starbucks (NASDAQ:SBUX) and Charter (NASDAQ:CHTR), among others next week. Microsoft Leads EarningsMicrosoft (NASDAQ:MSFT) reported a top- and bottom-line beat, but the stock couldn't muster much in the way of gains. The stock jumped over $4 per share and hit new 52-week highs, but it couldn't maintain the gains.Shares closed higher by just 0.18%, but investors have to be somewhat disappointed. Earnings blew past expectations and revenue of $33.7 billion came in more than $900 million ahead of consensus expectations. First-quarter guidance and management's full-year outlook both came in ahead of estimates too. It was a strong report, despite the tepid price action.Some investors are fretting over the slowing growth rate in Azure, but make no mistake, MSFT stock remains a powerful entity. The stock is still in an uptrend and commands the market's highest valuation, maintaining north of $1 trillion. Other Earnings From FridayChewy (NYSE:CHWY) doesn't trade on the Nasdaq, but many consider it a tech play because it's an e-commerce company. The stock looked like it was going to push higher and potentially breakout over downtrend resistance, but sellers knocked it back down. Now it's flirting with a potential breakdown below its post-IPO gains.Here's the how-to-trade setup of the chart, along with Crowdstrike (NASDAQ:CRWD).CRWD also reported earnings, but shares soared to new post-IPO highs on the move. The rally is quite attractive, given that it was putting together a beautiful wedge pattern. The company delivered a top- and bottom-line earnings beat and guided for better-than-expected earnings and revenue results next quarter. Around the Water CoolerMicron (NASDAQ:MU) always draws a lot of eyes, but it's drawing extra attention on Friday. Shares climbed 1.9% on the day and closed at $45.52. The stock is pushing through a significant level between $44 and $45, a level the Top Stock Trades column flagged earlier this week.After surging to new all-time highs earlier this week, Roku (NASDAQ:ROKU) stock was under selling pressure on Friday, falling 1.99% to $106.85. That's despite news of Roku's plans to expand first to Brazil and other global markets.The company has been putting up robust growth numbers all across the board. Whether that's streaming hours, revenue, platform growth, etc. It's helped fuel the stock's massive run from sub-$30 in late December to more than $100 currently. 90% of its revenue comes from the U.S. and unlike other streaming plays, Roku does not have to dump hundreds of millions or even billions of dollars into developing its own content. * 5 Top Stock Trades for Monday: BA, CHWY, SKX Instead it's viewed as the operating system for streaming entertainment, providing a low-cost solution for millions of customers to access dozens of streaming options. This could be a big opportunity for the company if Roku executes well.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN, GOOGL, ROKU and SBUX.The post Nasdaq Today: Can Big Tech Earnings Lead to Record Gains?Â appeared first on InvestorPlace.
Editor's note: InvestorPlace's Earnings Reports to Watch is updated weekly. Please check back next week for our latest earnings picks.Earnings season has arrived - and so far, it hasn't been great news. Bank earnings reports looked mixed. Netflix (NASDAQ:NFLX) fell hard after earnings, hitting tech indices. The market isn't quite set to crash, but a modest pullback this week at the beginning of the earnings calendar might suggest some caution.Further downside wouldn't be necessarily surprising, but it would be ironic. As I've noted in this space before, the worry about the market in recent months was that a relative lack of earnings reports would be a problem. Corporate earnings mostly provided good news for the market in recent years. External factors, most notably the trade war with China, were seen as the big risk.InvestorPlace - Stock Market News, Stock Advice & Trading TipsU.S. equities instead confounded expectations by moving higher despite seemingly negative news on the macro and political fronts. The risk now, with the earnings calendar again full, is that investors might be asking more of U.S. companies than they can provide in this environment.The earnings calendar this week should provide some clarity on that front. Several key companies will report and give a picture of demand in important markets: Caterpillar (NYSE:CAT), industrial distributor W.W. Grainger (NYSE:GWW), Visa (NYSE:V), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), AT&T (NYSE:T), United Parcel Service (NYSE:UPS), Intel (NASDAQ:INTC), and others. * 10 Tech Stocks That Are Still Worth Your Time (And Money) But the focus here will be on two of the largest companies - the kind that can move indices and markets - and perhaps the market's most controversial stock. In all three cases, the reaction to earnings reports will be as interesting as the numbers themselves. This is a big week, and the biggest names will have the biggest impact. Facebook (FB)Source: Shutterstock Earnings Report Date: Wednesday, July 24, after market closeThere's one positive for Facebook (NASDAQ:FB) ahead of its Q2 earnings report. Wednesday afternoon's release almost certainly won't be worse than the second quarter release last year.A year ago Facebook guided for significantly higher spending, which spooked investors. FB stock fell 20% the next day, the largest one-day loss of market value in history.That said, Facebook earnings could be a little dicey. FB stock still hasn't recovered all of last year's losses (which continued to a December low at which point the stock was down over 40%), but it has come close. Expectations clearly have been normalized. Worries about user defections amid the company's scandals have faded.Investors seem to believe that all is back to normal for Facebook. I'm inclined to agree. But if that's not the case - particularly if Facebook shows any weakness on the user front - there's not nearly as much downside priced in. A difficult quarter for Facebook could read across to other social media plays like Twitter (NYSE:TWTR) and Snap (NYSE:SNAP).Facebook has convinced a lot of investors so far that it's back on track. It will need to convince a few more to rally further next week. Tesla (TSLA)Source: Shutterstock Earnings Report Date: Wednesday, July 24, after market closeA big quarter looms for the market's most divisive stock, Tesla (NASDAQ:TSLA). Shares bounced 44% since TSLA stock hit a 30-month low in late May - but still sit 34% off highs reached after the company's supposed sale nearly a year ago.Tesla already has reported deliveries for the quarter, which were a record. But the question bears (myself included) are asking is: were those deliveries profitable? With mix shifting to the lower-priced Model 3 and away from the S and the X, Tesla profits could disappoint.That's just one reason why this is a big quarter for TSLA. After the hugely disappointing Q1, a strong quarter would re-engage the growth narrative here - and put TSLA stock on track to head back to the $300-range. It would establish that Tesla can be profitable with the 3 - which significantly improves the long-term case for the stock. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip There's no shortage of Tesla skeptics out there: CEO Elon Musk and Tesla can quiet those doubters with a big quarter. Anything less, and margin and profit worries stay front and center for at least the rest of the year. Amazon (AMZN)Source: Shutterstock Earnings Report Date: Thursday, July 25, after market closeAt this point, Amazon's (NASDAQ:AMZN) earnings report matters simply because Amazon matters. Its revenue is deep enough and broad enough that it acts as a proxy for the broader U.S. economy. Its valuation - still 52x 2020 EPS estimates - is high enough that investor reaction to its earnings can signal potential reactions elsewhere. For instance, AMZN sold off sharply despite a decent Q3 report in late October, and tech stocks as a whole plunged for the next seven weeks.And so Amazon's earnings report on Thursday evening will be important for the market as a whole. The stock again has suffered from the "trillion dollar curse" in recent sessions. Valuation concerns remain.If investors are willing to bid up AMZN after the Q2 earnings report, there's room for other growth stocks to keep rising. If AMZN stock gets pounded after a strong quarter, however, investors need to stay on guard. We saw exactly that happen nine months ago - and it signaled on the largest sell-offs of the decade.As of this writing, Vince Martin has a bearish options position in Tesla. He has no positions in any other securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
Tesla (TSLA) stock was down 43% between the beginning of the year and June 3rd — but is now up 43% since then. What is the true story of the electric car giant? Though Needham analyst Rajvindra Gill maintains his Underperform rating on the stock, he notes both a bull and bear case for Tesla. As always, the debate around Tesla centers on deliveries, future demand for Model 3, gross margins, long-term profitability, and the competitive landscape. On deliveries, Gill says the bulls look at Tesla’s record-breaking second-quarter, where it delivered more than 95,000 cars. Further, “bulls believe the company can deliver over 200k in 2H19 and hit its annual target,” of between 350-400k. But bears disagree, with Gill saying this camp believes the "Q2 delivery figures paint an overly optimistic demand picture,” and “skeptical of Tesla's ability to meet its 360-400k delivery target for 2019.” As many Tesla investors are investing on future potential, future demand is also an important factor. But with a sharp decrease in Q1 demand, many have been worried that the future will be a reflection of the present. On this, the analyst says bulls “believe that demand worries are overblown, arguing that the soft Q1 deliveries were mainly due to logistical issues and uncertainty surrounding store closures and pricing structure.” Product aside, bears are increasingly concerned with Tesla finances. Gill points out that Tesla's gross margin is a concern for bears, as it has been historically “low and has recently come under additional pressure from declining sales of higher-margin Model S/X (25-30%), a lower mix within Model 3 (release of $35k standard battery), and aggressive pricing.” In-line with this, “bears are concerned about Tesla's ability to sustain long-term profitability.” Finally, while Tesla was once a leader in autonomous technology, bears, including Gill, believe “that Tesla's lead in ADAS/ autonomy is relatively small and is quickly declining.” He continues, “beginning in 2020, many believe that L2 [level two autonomy] vehicles from other OEMs (Toyota, GM, Ford) will reach the mass-market and offer similar capabilities, including adaptive cruise control, lane departure warning, etc.” All in all, Gill has made clear he is in the “bear camp,” and many on Wall Street agree with him. TipRanks analysis of 26 analyst ratings shows a Hold consensus, with nine saying Buy Buying, five suggesting Hold and 12 recommending Sell. The average price target among these analysts stands at $262.64, which aligns evenly with where the stock is currently trading. Wall Street needs to see more from the electric car empire before getting more confident on the story.Read more on TSLA: * Tesla: Range Anxiety Is All Perception, but Still a Major Hurdle * Positive PR from Tesla and Ford Doesn’t Jibe With a Negative Forecast from RBC Capital * Tesla: Wait On Sidelines Despite Strong Q2 Numbers, Says Analyst * Tesla: Did Strong Q2 Numbers Turn Wall Street’s Feeling On Stock? More recent articles from Smarter Analyst: * Curaleaf Helping to Put U.S. Cannabis Sector on the Map * Netflix’s (NFLX) Original Content Strategy Is Failing; The Stock Is Overvalued * Marijuana Stock KushCo (KSHB): Potential Catalysts Vs. Risks * Evercore Continues to Hold a Bullish View on Bank of America (BAC) Stock
A Mustang-inspired electric crossover could challenge Tesla's Model Y, while an electric Ford F-150 could derail Elon Musk's dreams of an electric Tesla pickup truck.
[Editor's note: "5 Self-Driving Car Stocks to Buy" was previously published in May 2019. It has since been updated to include the most relevant information available.]Full-blown autonomous driving won't be here tomorrow, but it's certainly on the way. The technology has drawn mixed emotions from consumers. Some don't trust it and aren't excited for a computer to navigate the vehicle that they're in. Others are embracing the technology and can't wait for it to happen. That's one reason they're looking for self-driving car stocks to buy.For all the doubters out there, though, please realize this technology is coming. I know this for two reasons: that it will save lives and save money. Almost 40,000 people die in the United States each year due to automotive accidents, an unacceptable level of fatalities. My hope is that one day we look back and say we can't believe how high that number used to be.InvestorPlace - Stock Market News, Stock Advice & Trading TipsUltimately, self-driving cars will cut that number down. It's why we have hundreds of companies collectively pouring billions of dollars into the solution. It will increase productivity, improve safety and decrease logistics costs. Simply put, it would be crazy to ignore this opportunity. * 10 Retirement Stocks That Won't Wilt in a Bear Market With that said, let's examine some autonomous car stocks to buy.Source: Waymo Alphabet (GOOGL,GOOG)Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) should be considered the leader of the self-driving car movement. It's the first major company that devoted major dollars to establishing a program for an autonomous fleet and it's no surprise that it's still the leader a decade later.After launching its own segment, Waymo, the company has seen the unit's valuation soar. More than one analyst has pegged its valuation at more than $100 billion. Morgan Stanley analysts hold the top valuation mark for now, saying Waymo could be valued at up to $175 billion.It operates the only commercial autonomous vehicle program in the country and has plans to expand globally. Waymo is also eyeing the semi truck market for its autonomous vehicle services and licensing to automakers isn't out of the question down the road.Simply put, this company is leading the pack. If you want exposure to just one company with a rock-solid balance sheet and exposure to self-driving cars, GOOGL is the stock to buy.Source: Shutterstock General Motors (GM)Widely considered in second place for autonomous driving commercial services in the U.S. is Cruise, a subsidiary of General Motors (NYSE:GM).GM acquired Cruise for roughly $1 billion in August 2016. Following investments from SoftBank and Honda (NYSE:HMC) in 2018 though, the valuation has soared all the way up to $14.6 billion. Talk about a return on investment. GM CEO Mary Barra has proven she can lead an innovative team while also making savvy acquisitions when needed.Cruise gives GM a viable commercial autonomous taxi option for the future, while the company's own self-driving technologies -- like Super Cruise in its Cadillac line -- have proven to be an industry leader as well. GM is among those fighting for a spot at the top when it comes to autonomous driving and that shouldn't come as a surprise. * 10 Retirement Stocks That Won't Wilt in a Bear Market Just when everyone wants to dump the automaker, it comes out with strong guidance for the quarter and for fiscal 2019. Then it tops Q4 estimates and reiterates guidance. The valuation is low with a single-digit P/E ratio and the dividend is high with a 3.9% yield. GM could be a good stock to buy if it sees a large pullback this year.Source: Shutterstock Nvidia (NVDA)After making its name in gaming and computer chips for years, Nvidia (NASDAQ:NVDA) quickly found itself in the dog house, falling about 50% in the fourth quarter. What a brutal beating for investors. Nvidia stock then recovered in Q1, but has since retreated againHowever, it gives investors -- particularly those looking for self-driving car stocks to buy -- an opportunity to invest in a long-term theme on the cheap. Despite the drumming Nvidia has received following its inventory-related issues, there's no denying its position among the autonomous driving leaderboard.Unlike GM and Waymo though, Nvidia does not have its own autonomous taxi service. Instead, it's building hardware and software solutions for hundreds of customers focused on self-driving cars. Put simply, it requires a mind-boggling amount of input and power to operate a self-driving vehicle. Whether it's an automaker, research team or startup, many of these companies are leaning on Nvidia as the backbone to their self-driving aspirations.As such, Daimler (OTCMKTS:DDAIF), maker of Mercedes-Benz, has partnered with Nvidia for its autonomous driving and self-driving taxi ambitions. Look for automotive revenue to continue increasing for the foreseeable future for Nvidia.Source: stargazer2020 via Flickr Intel (INTC)Like Nvidia, Intel (NASDAQ:INTC) is not building its own autonomous driving platform. However, the company is working on components that will help other companies build its own self-driving systems.Various chips are on the way and Intel's $15.3 billion acquisition of Mobileye is helping lead its charge. The company made the costly acquisition in order to bolster its portfolio in the automotive segment and give itself a chance in the self-driving car race.While Intel may not get much of the spotlight, it is worth mentioning the company's advances. During the Autonomous Vehicles 2018 conference in Detroit, MI. In August, I witnessed the company's breakdown of its Responsibility-Sensitive Safety program (RSS). Acting as a reactionary system for autonomous driving, it helps improve safety and mitigate risk. It's not perfect, but it was an impressive program to watch at work.Intel also has deals in the pipeline. In 2018, Intel agreed that it will supply its relatively new EyeQ5 chip in 8 million vehicles for a so-far unnamed European automaker. The deal won't begin until 2021 and while the terms weren't disclosed, 8 million cars is a lot of vehicles. Consider that U.S. consumers buy about 17 million new models per year. * 10 Retirement Stocks That Won't Wilt in a Bear Market In other words, Intel has a future in the autonomous driving space, making it a good stock to buy.Source: BlackBerry BlackBerry (BB)This list doesn't have to be five stocks long -- it could be 25 without an issue. There are so many companies involved, many don't even realize it. There's cloud and data companies, automakers, semiconductor manufacturers, OEM suppliers, chip makers and a long list of others that are involved.That said, we could have listed Tesla (NASDAQ:TSLA), Baidu (NASDAQ:BIDU) for its Apollo driving program, NXP Semiconductor (NASDAQ:NXPI) and a whole host of others. But let's talks about BlackBerry (NYSE:BB) because it doesn't get much love when talking about self-driving car stocks to buy.BlackBerry is a software and security play. After talking up Jarvis at last year's Detroit Auto Show (in 2018), the discussion has admittedly faded somewhat. However, BlackBerry is already in tens of millions of vehicles and is partnering with some of the largest automakers in the world. When -- not if -- autonomous driving hits its stride, security will be one of the top concerns for automakers.With BlackBerry having an excellent reputation in this regard, it will be (and to some extent, already is) a go-to stock to buy in automotive software security. Autonomous vehicles are essentially computers on wheels and that's a big deal for a company like BlackBerry, making it a good stock to buy.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long GOOGL and NVDA. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Tech Stocks That Are Still Worth Your Time (And Money) * 7 Marijuana Stocks With Critical Levels to Watch * 7 of the Best Smart-Beta ETFs to Target Right Now The post 5 Self-Driving Car Stocks to Buy appeared first on InvestorPlace.
Tesla is one of those companies that everyone wants to succeed because it symbolizes not only a cultural shift towards a cleaner world but a drive to reach levels of innovation that humans never thought was possible.
Tesla stock turned negative after Needham & Company's Rajvindra Gill reiterated his “underperform” rating on concerns about the company's delivery target.
Sound the alarms—and the Cisco hold music— it’s earnings call season! Earnings calls are when a company’s management gets on a public conference call with analysts to answer questions about what’s in its quarterly earnings report and what’s going on with the profits, losses, and anything else that might move the stock. Sometimes the calls are business as usual. And sometimes, well, they are not. And while analysts are the ones who do most of the question asking on earnings calls, we here at Say think a company's everyday shareholders, who are just as vested in its outlook, should also be able to have their questions answered. Since early 2019, we’ve been testing our Earnings Call question-and-answer platform with Tesla, which used Say to field questions from shareholders during its Q4 2018 and Q1 2019 calls, as well as during its annual shareholder meeting. Now we’re opening up the functionality to investors in more companies, including Tesla, Apple, Lyft, Spotify, Knoll, Activision Blizzard and Aurora Cannabis. Call Dates: Tesla 7/24 at 2:30 PM PST/5:30 EST Knoll 7/25 at 10 AM EST Apple 7/30 at 2 PM PST/5 PM EST Spotify 7/31 at 8 AM EST Lyft 8/7 at 2 PM PST/5 PM EST Activision Blizzard 8/8 4:30 PM EST Aurora Cannabis 9/24 Time TBD Learn more: Who can participate: Any shareholder. Shares you've purchased through ETrade, Robinhood, or any other brokerage give you access. Even better, owning company shares indirectly through a mutual fund (like a retirement 401k) or ETF, also gives you access. Huh? People often aren't aware which companies are inside their mutual funds or ETFs, or that owning these funds even makes them an "investor" or a "shareholder." These titles are not just for wealthy or super-serious people who don't break into a cold sweat when they think about retiring. For example, funds from Vanguard and Fidelity can have shares hundreds of companies within them. Once you sign up with Say, we'll let you know exactly what you own inside your fund, whether it's Apple, Tesla, or another company. Basically, this means you may be able to participate in an Earnings Call and not even know it. How it works: Shareholders confirm their shares and can submit questions as well as vote for the ones they most want answered ahead of the call. The company might then answer a selection during the call. Will the company answer my question if it gets the most votes? Nope, not necessarily. It’s up to companies to decide which questions they’ll answer, if any. What happens to the Q&A; forum or my questions after a call’s over? They’ll stay archived on Say’s site and remain viewable and shareable. Questions that are answered will be flagged with the company's responses. Watch the video up-top to take a spin through the platform and ask away. --Elizabeth Thompson and Chloe Imus
Ford Motor Company (F) is in the middle of a very strong year, with its stock price up 35.1% YTD. This year has helped Ford recover from a very disappointing 2018, yet it has only regained about half of its losses so far.
(TSLA)’s profits will suffer as it tries to meet its 2019 targets for deliveries, an analyst said Thursday. Tesla stock (ticker: TSLA) was down 0.7% to $253.13 on Thursday morning, while the S&P 500 was about flat. Needham’s Rajvindra Gill reiterated an Underperform rating on the shares, saying that improved manufacturing efficiency won’t be enough to sustain the company’s profit margins in the months ahead.
For those of us who love cars, it's easy to find out what the next generation will be like: Just check out the newest racecars. In the electric vehicle (EV) world, that means keeping your finger to the pulse of Formula E racing.In the automotive world, major racing hubs are like the Silicon Valley of cars. Tech startups have their "incubators," where companies like Airbnb and Dropbox (NASDAQ:DBX) were born. And car companies have the speedway.In one brand-new racing league, the Electric Production Car Series, all of the entrants are Tesla (NASDAQ:TSLA) Model S. This car is not just another electric vehicle (EV) -- it's one of the greatest technological achievements of our age, with the ability to go from 0 to 60 miles per hour in just 2.5 seconds. And with even more power (and less weight), it becomes a top-of-the-line racecar.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: ElectricGTBut when it comes to racing electric vehicles, the big name is Formula E. These EVs are almost as fast as Formula One cars -- reaching 180 miles per hour on the straightaways -- but much quieter.If you've ever been to an auto race - or even heard obnoxiously loud cars on regular roads - you know how strange that is. When electric cars race, no one needs earplugs. And at everyday speeds, the cars are practically silent. After all, instead of the gasoline engine, there's just an electric motor.So, in this arena, the batteries are the stars of the show! * 7 Stocks Top Investors Are Buying Now In Formula E racing, the title sponsor is ABB Ltd. (NYSE:ABB), the Swiss industrial conglomerate -- and a major player in Europe's electric car infrastructure. So, naturally, the races are a chance for ABB to show off its tech. Outside the track, you'll see a big display of ABB's "Gen 2" racecar batteries.In the first Formula E races, pit crews had to rush out and change the batteries halfway through. They lasted about 25 minutes.The new batteries last for a full 45-minute race. And they're pretty massive. Source: ABB Formula E, YoutubeTo get the power they need -- which is equivalent to 300 laptops or 4,000 cell phones! -- these electric racecars devote half their weight (or roughly 750 pounds) to the battery.And ahead of last weekend's race in Red Hook, Brooklyn, one driver said, "We already know we're going to overheat the batteries."Right now, even top-of-the-line racecars, sporting the latest and greatest electric-vehicle technology, rely on the very same battery that powers your iPhone or laptop: the lithium-ion battery.Lithium-ion was originally developed for Sony camcorders back in the 1980s. And it was also in Samsung's (OTCMKTS:SSNLF) infamous "exploding phones."Remember when flight attendants were confiscating them? When the Samsung Galaxy Note 7 would overheat, it caught fire. And everything from Teslas to HP laptops have had the same issue with their lithium-ion batteries.Lithium-ion batteries have come a long way, but they are closing in on their limits.So you can see why major car companies -- and Formula E participants -- like Nissan (OTCMKTS:NSANY), BMW (OTCMKTS:BMWYY), and Volkswagen (OTCMKTS:VWAGY) are investing in next-generation batteries.This battery has: * Better energy density, making it smaller, lighter, but more powerful. * Shorter charging time due to fewer materials, which could produce a stronger current. One Chinese company, Enovate, is boasting a charge time of 80% in 15 minutes. That's twice as fast as Tesla. * Better safety. Unlike what we use now, this battery does not have toxic, flammable liquid inside. In one memorable test, a battery startup called Ionic Materials shot its with a Remington .22. It took three bullets, did not catch fire, and kept working!That's all great news for racecar drivers. And Formula E could be the perfect testing ground for this new technology.Volkswagen, which is already laying the groundwork to be fully electric by 2030, is working with a Silicon Valley startup to get these batteries into its cars and SUVs. The company is already one of the largest car manufacturers in the world, and if it can meet expectations I look for it to dominate electric vehicles, too -- largely thanks to this new battery.Audi, Porsche, and Mercedes all want these next-generation batteries in their fleets as soon as possible. So do General Motors (NYSE:GM), Ford Motor (NYSE:F), Toyota Motor (NYSE:TM), Honda Motor (NYSE:HMC), Mitsubishi Motors (OTCMKTS:MMTOF), and Hyundai Motor (OTCMKTS:HYMTF).I could go on…But as an investor, I'd rather own a pure play on the battery revolution. Invest Where "Big Auto" is Dropping Major CashI often talk about "picks and shovels" investing. And that's because if you look back at the 1849 Gold Rush, it was the folks supplying the picks and shovels who ultimately got rich.Therefore, at Investment Opportunities, I'm recommending companies that supply this new technology -- nicknamed the "Jesus Battery."Find out exactly what makes this battery so miraculous here.Any competitors that have it will CRUSH Tesla, which may as well flush all the money it's spending on lithium-ion batteries down the toilet.If you ever wanted to invest in the coming electric car revolution, but weren't sure how, THIS is your chance.I know I do.So I found a company that holds key patents.Automakers like Toyota are relying on this tiny company for its electric cars. Yet the company is totally off the radar.That makes now the right time to get in before everyone else. I've got a full presentation on the investment opportunity in this "Jesus Battery," which you can view for free by clicking here.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors 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), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post Formula E: Inside the "Silicon Valley of Cars" appeared first on InvestorPlace.
Toyota (TM) announces plan to scrap the production of Corolla compact cars at its new factory under construction in Alabama. Daimler (DDAIF) issues profit warnings on regulatory and recall costs.
[Editor's note: "7 Battery Stocks for High-Powered Gains" was previously published in May 2019. It has since been updated to include the most relevant information available.]One of the underperforming sectors in the stock market today is the battery sector. Trade tensions, higher raw material costs and global inflation are just a few of the macroeconomic headwinds that consumer discretionary stocks face. Yet stock markets tend to over-exaggerate on the downside risks, punishing a sector on the view that things will not improve.Fundamentally, the battery market is undergoing a major shift. Electric vehicles are driving the demand for lithium-ion batteries. Solar power panel prices plunged in recent years. This is creating a potentially higher demand for battery solutions to store energy captured from such panels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks Top Investors Are Buying Now How might investors play the battery boom led by growing electric vehicle production and a soaring number of devices needing portable power? Battery Stocks to Buy: Tesla (TSLA)Source: Shutterstock Let us start with Tesla (NASDAQ:TSLA). The stock has fallen by nearly 25% this year because its unit sales of EVs are under pressure. With government subsidies no longer supporting them as much, Tesla shares are underperforming.Still, the company's ambition extends beyond electric cars. On May 16, Tesla completed its acquisition of Maxwell. At a cost of just $200 million, it gains some valuable intellectual property. Maxwell is best known for its manufacturing of ultracapacitors, but it is also developing dry electrode technology for batteries.If Maxwell's R&D efforts pay off, the unit could bring performance enhancements for lithium-ion battery cells. For starters, Tesla could start manufacturing batteries that have an energy density of over 500Wh/kg. That would bring a 15% to 100% increase to Tesla's current battery technology.Informally, Tesla has the best battery technology in the auto industry. Adding Maxwell's IP may also result in lithium-ion batteries that gain in capacity and will not lose energy after charged. Ultimately, TSLA stock could start turning around once the company implements the new technology. Having battery technology that is even further ahead of that offered by other automobile manufacturers could drive Tesla EV sales.Tesla is facing a slowdown in sales of Model S and Model 3. It has a cross-over Model Y that is not yet on the market. Chances are good that both the Model Y release and new battery technology coming with it will give the stock a boost. Energizer Holdings (ENR)Source: Shutterstock Shares of Energizer Holdings (NYSE:ENR) are stuck in a narrow trading range of between $37.50 and $40,50. Known best for its Energizer bunny rabbit on television commercials, the company is more than just a battery company. It has ambitions for transforming into a diversified global household products leader. This change brings along with it high goals. Energizer aims to grow adjusted free cash flow to $330 million-$370 million in 2020.There are three goals:1\. Generating adjusted EBITDA of $650 million-$675 million. 2\. Driving organic sales growth through pricing, innovation, and distribution gains. 3\. Deleveraging its balance sheet to a net leverage ratio of 4 times.Energizer bolstered its battery business by completing its acquisition of Battery and Auto Care. In doing so, the company will establish itself as a global leader while adding brands to diversify its business. It expanded its manufacturing facilities. Plus, over the past five years, it optimized its legacy factories to improve on cost and efficiency.In its second quarter, Energizer took advantage of strong demand for its legacy batteries by raising prices. Energizer MAX and Energizer lithium product prices rose in the U.S. The company expects to complete the price hike in international markets by the end of the fiscal year. * 7 Stocks Top Investors Are Buying Now ENR shares trade at 12 times forward P/E. With its consumer battery business strong and auto battery entry underway, the stock has the potential to break out of the trading range. Enphase Energy (ENPH)Enphase Energy (NASDAQ:ENPH) surged to a new 52-week high after the company reported a strong first quarter. Revenue rose 43%, while the company issued a second-quarter revenue outlook. It now expects revenue in the range of $115 million-$125 million. This is above the $96 million analysts had expected.Enphase makes microinverters, which the company says "offer the most advanced inverter technology on the market, which means higher production, greater reliability, and unmatched intelligence." In the first quarter, Enphase shipped 976,410 microinverters. The company now has 2,500 homeowners that joined its Enphase Upgrade Program. In doing so, these customers get quality and service. And strong customer satisfaction is leading to more business.Enphase still grew revenue in the quarter despite facing component shortages in all of its regions. This implies that once the supply issues are resolved, revenue should grow at an even faster pace. Looking ahead, Enphase expects to have a capacity of 2 million microconverters by the fourth quarter of 2019. The higher supply will also cut its microinverter lead times to around 6-8 weeks.Enphase will expand its IQ7 microinverter regionally. Adding high-power and high-performance products, adding AC modules, and bringing Ensemble Solar and Storage technology will further drive revenue.ENPH stock is near a 52-week high but may continue climbing higher following that strong earnings report. Panasonic Corporation (PCRFY)Source: Panasonic Panasonic Corporation (OTCMKTS:PCRFY) fell to yearly lows on no recent bad news. On May 9, the company announced that it would team up with Toyota (NYSE: TM) to make smart homes. Panasonic is already an existing partner in supplying batteries for Toyota's electric vehicles. So with tens of thousands of homes potentially implementing a smart home, the partnership is a natural extension.Panasonic specializes in batteries and home appliances, while Toyota started developing robots that help with household jobs.In January, the two firms formed a joint venture for the manufacture of EV batteries. Toyota will own 51% of the venture while Panasonic will own the remaining 49%. The companies aim to increase battery capacity by 50 times, compared to those used in current Toyota hybrid vehicles. Mazda, Subaru and Daihatsu will source batteries from this joint venture. Honda already uses Panasonic batteries but will benefit from this new collaboration. * 7 Stocks Top Investors Are Buying Now Panasonic and Toyota will also develop solid-state batteries, which will eventually replace the lithium-ion batteries used in electric cars today. By offering a higher range at a lower cost, these new battery types could drive Panasonic's revenues higher. Johnson Controls (JCI)Source: Shutterstock Johnson Controls (NYSE:JCI) is the largest manufacturer of automotive batteries. The company consolidated its business in the second quarter when it closed the sale of Power Solutions ahead of schedule. Brookfield Business Partners closed its $13.2 billion acquisition of the battery unit on Apr. 30.With the battery unit sold, why should investors consider JCI stock? With growth prospects in other markets, investors could get some diversification away from battery suppliers. JCI's underlying fundamentals are strong and the company enjoys an $8.8 billion backlog. This gives it clear visibility into 2020.In the second quarter, JCI's adjusted sales grew 3% year-on-year as EPS grew 23% to 32 cents. The $5.8 billion in revenue from the Buildings unit is another bonus for holding the stock. Though JCI sold its battery unit, it still has institutional knowledge around the energy storage solutions market. For example, HVAC and controls rose in the mid-single digits while the fire and security unit is up in the mid-single-digit growth rate.For fiscal 2019, JCI expects adjusted free cash flow conversion topping 95%.On the balance sheet, JCI ended Q2 with $12.15 billion in debt. The sale of Power Solutions allows the company to cut debt by $3.4 billion. It has $8.2 billion to buyback shares. By investing back into the company, Johnson Controls' stock could trade at new highs in the coming months. Albemarle (ALB)Source: fdecomite via Flickr (Modified)In the specialty chemicals space, Albemarle (NYSE:ALB), which forecast revenue rising 8%-14% this year, benefited from lithium prices rising 3% from last year. The company reported revenue of $832 million and adjusted EBITDA of $226 million. Still, the company's EPS fell 5% year-on-year to $1.23.Albemarle noted on its conference call that global sales of electric vehicles rose by almost 60%. This led to battery production rising. The company generated sales of $292 million for lithium. Thanks to a long-term agreement structure, pricing rose 3%. * 7 Stocks Top Investors Are Buying Now For the full-year 2019, Albemarle expands sustained, strong demand for lithium. And although excess lithium carbonate from China hurt prices for carbonate, Albemarle will not compete in the same markets until pricing improves. Overall, management expects production growth of 15,000 to 20,000 metric tons and EBITDA growing in the high teens. With the company committed to 40% margins and existing long-term contracts in place, ALB stock should not stay at yearly lows for too long. Sociedad Quimica y Minera de Chile S.A. (SQM)Source: Shutterstock Sociedad Quimica y Minera de Chile S.A. (NYSE:SQM) is another lithium supplier. In April, it raised its lithium outlook and said it expected sales of around 50,000 tons. The higher output is due to its operations in the Atacama salt flat.SQM shares aren't far from their 52-week lows largely because of the company's disappointing first-quarter earnings report. . In Q1, the company's top and bottom lines came in meaningfully below analysts' average estimates.Investors are not confident that the company will meet the demand growth led by full electric vehicle penetration levels reaching ~2%. Still, if SQM can increase its total capacity this year and next, the company may eventually achieve its 180,000 metric ton output target. In the near-term, SQM will keep producing at levels about demand, accumulating inventory. In doing so, it will have more flexibility in selling in higher volume if prices and demand levels are favorable.For the rest of 2019, SQM expects pricing levels similar to last year's levels. Strategically, the company will not go after market share in the short-term. Instead, it expects demand in 2025 will top one million metric tons. From there, it is positioning the company to have the output capabilities to meet that demand level.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post 7 Battery Stocks for High-Powered Gains appeared first on InvestorPlace.
The Silicon Valley car maker could be on its way to becoming “the” leading luxury EV maker in China, analysts at Morgan Stanley say.
PALO ALTO, Calif., July 18, 2019 -- UPDATE: Please note the call is being moved by one hour to 3:30pm Pacific Time (6:30pm Eastern Time). Tesla will post its financial.