Category: Stock Market

Moelis & Company (NYSE:MC) stock is about to trade ex-dividend in four days. This means that investors who purchase…

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Chris Versace, Tematica Research CIO, joins Yahoo Finance’s The First Trade with Alexis Christoforous and Brian Sozzi to discuss what’s moving the markets on Monday morning.

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Tesla Inc's (NASDAQ: TSLA) latest vehicle, the Model Y, aims to take on one of America's bestselling vehicle segments: the crossover.While the initial offerings were the high-priced performance and all-wheel-drive variants, it looks like a lower cost option will be coming soon. This comes soon after Tesla recently dropped the price of the Model Y by $3,000.A new report from Electrek said Tesla has started making a lower-cost, rear-wheel-drive only version of the Model Y, citing unnamed sources familiar with the matter.This comes after a planned shutdown at Tesla's Fremont factory for Model Y general assembly line upgrades. The RWD version of the Model Y is expected to cost less than the AWD version, while also boasting more range, higher efficiency and a lower weight.Benzinga's Take: Tesla seems to be moving much faster to release multiple Model Y trims compared to when the Model 3 first launched.This shows Tesla has learned a lot about ramping production, while also having many Y lines in place from the Model 3, since the vehicles share approximately 70% of their parts, including motors and batteries.Photo courtesy of Tesla. See more from Benzinga * GM To Help Build 2,700 New EV Fast Chargers In US * Tesla Q2 Safety Report Shows Reduction In Autopilot Accidents * Tesla Obtains Bonds At Lower-Than-Expected Rate(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Nio Inc. is rising almost 6% in Monday’s pre-market trading, after the Chinese electric vehicle company said deliveries in July jumped 322% from the same month a year ago.The stock is currently advancing to $12.62 in pre-market trading as the car maker said it delivered 3,533 vehicles in July, representing 322.1% growth year-over-year. The deliveries consisted of 2,610 ES6s, Nio’s (NIO) 5-seater high-performance premium smart electric SUV, and 923 ES8s, its 6-seater and 7-seater flagship premium smart electric SUV. As of July 31, cumulative deliveries of the ES8 and the ES6 amounted to 49,615 vehicles.In the year through July 31, Nio delivered 17,702 vehicles, reflecting an increase of 111.3% year-on-year.“In July, we are pleased to have achieved the second-highest monthly delivery results despite the impact on productions due to a 5-day suspension of manufacturing to prepare for EC6 productions and other flood-related supply chain challenges,” said Nio CEO William Bin Li. “We have achieved a record-high monthly order growth, attributed to a stronger demand of the ES8 and ES6, together with the increasing EC6 orders, thanks to the continuous support of our users.”Looking ahead, Bin Lin expects the company to increase its production capacity significantly to achieve higher deliveries in the third quarter of 2020.At the end of last month, Nio started production pre-orders for its EC6 5-seater premium smart electric coupe SUV. The car maker seeks to attract a younger and broader user base for the sporty and competitive EC6 model which has a100 kWh battery pack. EC6 deliveries are expected to begin in September this year.Nio is scheduled to report its second quarter 2020 unaudited financial results before the open of US markets on Aug. 11.Shares in Nio have exploded 197% so far this year and, as a result, analysts have a cautious Hold consensus on the stock’s outlook. That’s with a $7.26 average analyst price target (39% downside potential). (See Nio stock analysis on TipRanks).Goldman Sachs analyst Fei Fang last month cut Nio’s rating to Sell from Hold on valuation following the rally in recent weeks. He maintained his price target at $7.“The current share price reflects over-optimism given no substantial changes to volume/profit expectations,” Fang wrote in a note to investors.Related News: Tesla CEO Elon Musk Sees ‘Strong’ Car Order Demand Despite Covid-19 Tesla Gains 4% After-Hours On Upbeat Q2 Earnings Tesla Is Said To Push For Record Q3 Deliveries; Shares Rise In Pre-Market More recent articles from Smarter Analyst: * ADT Pops 96% On Google’s $450M Investment For Smart Home Venture * Eli Lilly Kicks Off Covid-19 Antibody Trial In Nursing Home Residents * Nordex To Sell Wind, Solar Projects To RWE For $474 Million * Varian Pops 24% In Pre-Market On $16.4B Buyout Deal; BTIG Sticks To Buy

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When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") below 17x, you may…

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What are the best cloud stocks to buy today? In this time of uncertainty characterized by volatile market movements, economic contraction, and spiraling unemployment, finding stocks that would guarantee returns, let alone preservation of capital, seems like a herculean task.  Some investors might think that the stock market is acting irrationally and puzzled by the […]

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Yahoo Finance’s Editor-in-Chief Andy Serwer joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss the possibility of Microsoft buying ByteDance’s TikTik operations in the United States. Serwer also breaks down what this means for the overall social media industry.

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Yahoo Finance’s Emily McCormick joins The First Trade with Alexis Christoforous and Brian Sozzi to discuss earning reports from Clorox and Tyson, as well as C-Suite changes at both companies.

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Omega Healthcare Investors, Inc. (NYSE:OHI) shareholders should be happy to see the share price up 19% in the last…

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Shares of Caterpillar (CAT) fell almost 2.8% on Friday despite beating 2Q earnings estimates. Its 2Q adjusted earnings of $1.03 per share exceeded analysts’ estimates of $0.64. Moreover, revenues of $10 billion surpassed Street estimates of $9.38 billion. However, the company's outlook for dealer inventories weighed on its stock.During the second quarter, dealers reduced inventories for new equipment by $1.4 billion. The company now anticipates dealer inventories to decline by over $2 billion in 2020, up from its previous estimate of $1.5 billion.Following 2Q earnings, Oppenheimer analyst Noah Kaye reiterated his Hold rating on the stock. He said, "While decrementals of 32% were consistent with our cross-cycle analysis, sales in construction, mining, and E&T broadly showed resilience."On July 24, Stifel Nicolaus analyst Stanley Elliott lifted the price target to $150 (12.9% upside potential) from $135 and reaffirmed a Buy rating. Elliott highlighted several “recent data points that suggest some upside relative to expectations for the machinery business.” He argued, “The results of component supplier Carlisle Brake & Friction, as well as Volvo Construction Equipment trends that were better than feared, suggest potential upside to Q2 and Q3 sell-side expectations, particularly in Caterpillar's machinery segments.”Overall, CAT analysts have a cautiously optimistic Moderate Buy consensus on the stock. The average analyst price target stands at $139.89, implying 5.3% upside potential from current levels. (See CAT stock analysis on TipRanks).Related News: Comcast Beats Estimates On Robust Internet Customer Growth Molson Coors Delivers Q2 Earnings Beat Despite Covid-19 Fallout Expedia Incurs Hefty Q2 Loss; Top Analyst Sticks To Buy Call More recent articles from Smarter Analyst: * GM, EVgo Team Up To Add 2,700 EV Fast Chargers; CS Says Buy Stock Now * Microsoft Said To Halt TikTok Talks As Wedbush Says Deal Makes ‘Strategic Sense’ * Pinterest Pops 36% After Quarterly Revenue Beat Fueled By Ad Recovery * Spirit To Slash 1,100 Jobs Due To 737 MAX Production Cut, Covid-19 Woes

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