Musk says don’t buy volatile Tesla stock; investors listen By Dana Hull, Molly Smith and Keith Naughton, Bloomberg News May 3, 2018 Photo: Mark Brake /Getty Images File photo of Tesla CEO Elon Musk. Shares of the automaker plunged Thursday after Musk dismissed analysts questions on a call about the company’s first-quarter earnings late Wednesday. The comments — part of a bizarre, heated conference call after the close Wednesday — sent the electric-car maker’s stock plunging. File photo of Tesla CEO Elon Musk. Shares of the automaker plunged... Elon Musk told investors not to buy Tesla Inc. shares if they can’t stomach volatility. They got the message. The comments — part of a bizarre, heated conference call after the close Wednesday — sent the electric-car maker’s stock plunging. Tesla fell as much as 8.6 percent Thursday after the chief executive officer rejected … [Read more...] about Musk says don’t buy volatile Tesla stock; investors listen
Published May 01, 2018 Markets Motley Fool Facebook Twitter Comments Print When discussing the fastest growing industries in North America, the legal marijuana industry is liable to be at, or near, the very top of the list. According to Cowen Group's recently updated long-term forecast, the legal weed industry could hit $75 billion in annual sales by 2030. Meanwhile, research firm ArcView Group estimates that legal cannabis sales in North America could vault from $9.7 billion in total sales in 2017 to more than $47 billion by 2027. What's leading this charge? On a broader scale, we're witnessing a big shift in how the public perceives cannabis. Back in 1995, the year before California became the first state to legalize medical marijuana for compassionate-use patients, Gallup finds that just a quarter of the American public favored legalization. As of October 2017, favorability had shot up to an all-time record of 64%. Continue Reading Below Even more … [Read more...] about A Grim Reality for Marijuana Stock Investors
Global stocks are on their longest losing streak in 2018 after they tumbled on flashing warning signs from bond markets signalling to investors that the bull run in stocks could be on its last legs. The US 10-year Treasury yield continued to creep higher to fresh four-year peaks after briefly touching over the psychologically important 3pc mark on Tuesday. A seventh consecutive rise in the benchmark yield amid inflation concerns was followed by a fifth straight plunge in global stocks, the MSCI World Index indicated. The Treasury yield influences borrowing rates around the world, with the recent rally stoking fears that increased borrowing costs for companies and more alluring bond yields could spark a move out of stocks. Investors were starting to eye the next multi-year milestone for the yield as it settled firmly above 3pc following another spike today. The mood on markets was soured further by US corporate giants beating earnings estimates in the first quarter of the year but … [Read more...] about Market report: Rise in US borrowing costs hits stocks investors
Facebook Twitter Flipboard Email Enlarge this image Trader Edward Curran (right) works on the floor of the New York Stock Exchange on Monday. As Treasury yields topped 3 percent on Tuesday, the Dow Jones industrial average tumbled. Richard Drew/AP hide caption toggle caption Richard Drew/AP Trader Edward Curran (right) works on the floor of the New York Stock Exchange on Monday. As Treasury yields topped 3 percent on Tuesday, the Dow Jones industrial average tumbled. Richard Drew/AP Interest rates reached a milestone Tuesday and the stock market frowned. For the first time in four years, the rate on the 10-year U.S. government note topped 3 percent Tuesday morning, before falling back a bit. The bond market move contributed to a sharp sell-off in stocks, as investors wondered whether the long-running bull market might be at a pivot point. The Dow Jones industrial average swung more than 750 points in the trading day. As of 3:50 p.m. ET, the key stock … [Read more...] about Interest Rate Rise Unsettles Stock Investors; Dow Falls More Than 400 Points
By Leia Klingel Published April 13, 2018 FOXBusiness Facebook Twitter Comments Print video PNC, Wells Fargo lead financials lower despite strong earnings Moody's Chief Economist John Lonski, Kaltbaum Capital Management's Gary Kaltbaum and FBN's Gerri Willis on the state of the markets. Three major U.S. banks reported quarterly results on Friday, and while overall their first- quarter revenue and earnings topped expectations, stocks were not inspired. Continue Reading Below Shares of the U.S. banks experienced a sell-off, while stocks in other sectors were weak. This sent the major stock indexes lower on Friday. There is a lot riding on the first-quarter earnings season, with investors eager to see the impact of tax reform on companies’ bottom lines. At the same time, some positive news to stoke upside in stocks would be welcome after concerns of a trade war hit many companies’ share values during the first quarter. So, given … [Read more...] about Earnings season kicks off: Should stock investors prepare for disappointment?