Wall Street off to a solid start in April
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- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Jefferies Reiterates Buy on Chevron (CVX) with $110 Price Target
April 4, 2016 9:05 AM EDTJefferies reiterated a Buy rating and $110.00 price target on Chevron (NYSE: CVX). Chevrons free cash flow generation should improve significantly through 2018 through a combination of lower capital spending, production growth and margin expansion. Multiple major capital projects are near completion and should underpin a... More
Tesla (TSLA) Sees Continued Fade Despite News of $7.5B in Model 3 Orders
April 1, 2016 12:29 PM EDTSelling in Tesla (NASDAQ: TSLA) shares accelerated despite news from CEO Elon Musk moments ago that Model 3 orders surpassed 180,000, or $7.5 billion. Shares now are up just 2.3% after opening up 6.6%.
... MoreTesla (TSLA) CEO Musk: Model 3 Orders Surpass 180k in 24 Hours
April 1, 2016 12:13 PM EDTTesla (Nasdaq: TSLA) CEO Elon Musk said Model 3 orders have surpasses 180,000 in 24 hours. The average selling price was around $42,000,... More
Tesla's (TSLA) New, Cheaper Model 3 May Be Better than the Model S - Analyst
April 1, 2016 10:50 AM EDTMorgan Stanley's Tesla Motors (NASDAQ: TSLA) analyst Adam Jonas asks "Is the Model 3 Better than the S?" He thinks it is
Jonas has 4 key thoughts following the Model 3 event:
1. Based on the limited information disclosed at last night's unveiling, we think this car is probably much better than the Model S. Certainly the higher-performance versions can be faster, offer more dynamic performance, more driving pleasure. We suspect this is a reason why management didn't share too many details on specs besides headline numbers (0 to 60 in under 6
seconds, 215 mile EPA range)... More
