Binary
Tesla ripe for bounce back on attractive valuations
We had forecasted a decline in the share price of Tesla Inc. (NASDAQ: TSLA) on July 3rd, on the basis of a planned introduction of electric cars by auto manufacturers such as BMW, and delivery related hurdles. We had also
Read MoreTesla’s Model 3 likely to be challenged by BMW 3 Series
In our May 30th market report, we had discussed about record deliveries (25,051) made by electric car manufacturer Tesla Inc. (NASDAQ: TSLA) in the first-quarter and the strong demand for its solar tiles. Additionally, we also presented our thoughts about
Read MoreBlackBerry turns bearish on missing Q1 2018 rev. estimates
Enterprise software company BlackBerry Limited (NASDAQ: BBRY) reported a swing to profit in the fiscal 2018 first-quarter, compared to a net loss in the similar period last year. The first-quarter results also beats analysts’ estimates. However, the stock sank more
Read MoreLess dependence on upstream revenue turns Exxon bullish
Despite a weak outlook for crude oil, the stock of the world’s largest publicly traded company Exxon Mobil Corp (NYSE: XOM) has appreciated by about 5% to $82 in the past few trading sessions. One of the main reasons for
Read MoreIBM signals downtrend as Goldman Sachs cautions investors
On April 24 th , we had announced our intention to take a short position in the stock of software giant International Business Machines (NYSE: IBM), by purchasing a put option. The stock was trading at about $160 at that
Read MoreBNP Paribas beats Q1 2017 estimates, CET1 ratio up to 11.6%
In the last week of May, BNP Paribas (OTC: BNPQY) agreed to pay $350 million as penalty to New York Department of Financial Services, a financial watchdog, in a case related to manipulation of currency rates in the Forex market.
Read MoreTesla confirms brisk orders for solar tiles
In the first week of May, electric car manufacturer Tesla Inc. (NASDAQ: TSLA) reported fiscal 2017 first-quarter revenues that more than doubled compared to last year’s similar quarter. The revenues also surpassed the Wall Street’s Consensus estimates. However, the company
Read MoreCisco turns weak on poor Q4 2017 outlook
Last Wednesday, the San Jose, California-based Cisco Systems Inc. (NASDAQ: CSCO) reported higher than expected fiscal 2017 third-quarter revenue and earnings. However, the company presented gloomy Q4 revenue and earnings estimate. That pushed the stock down by about 5% to
Read MoreWeak Macao operations keep Las Vegas Sands bearish
Last week, casino operator Las Vegas Sands (NYSE: LVS) reported an increase in fiscal 2017 first-quarter revenues and earnings, compared to the same period of 2016. However, the stock declined as the revenue missed analysts’ estimates. A look at the
Read MoreWells Fargo turns weak on increasing litigation costs
Scandal hit Wells Fargo & Company (NYSE: WFC) has warned in its quarterly filing on Friday that litigation costs could run up to $2 billion, up $200 million from the prior estimate issued three months earlier. In another development, Warren
Read More