Stock Pick

  • There Is A Reason Qudian Inc.’s (NYSE:QD) Price Is Undemanding

    There Is A Reason Qudian Inc.'s (NYSE:QD) Price Is UndemandingQudian Inc.'s (NYSE:QD) price-to-earnings (or "P/E") ratio of 2.4x might make it look like a strong buy right now…

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  • COVID-19 cases surge as new vaccine candidates advance

    COVID-19 cases surge as new vaccine candidates advanceYahoo Finance’s Alexis Christoforous and Brian Sozzi discuss the latest coronavirus news with Yahoo Medical Contributor and Columbia University Associate Professor of Emergency Medicine Dr. Dara Kass.

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  • U.S. Hospitals Need to Study How Well Remdesivir Really Works

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  • Tesla Soars Ahead of ‘Battery Day’, India Entry, S&P Add

    Tesla Soars Ahead of ‘Battery Day’, India Entry, S&P Add(Bloomberg) — Tesla Inc.’s relentless surge continued Monday amid several upcoming events that include the possible unveiling of new battery technology from the electric vehicle maker, entry into a lucrative new market and the potential inclusion of the stock into the prestigious S&P 500 Index.The company late on Friday said its much-anticipated “Battery Day” event will be held on Sept. 22, at its Fremont, Calif., factory. According to Wedbush analyst Daniel Ives, Tesla could announce a number of new potential “game changing” battery developments at the event. Separately, Roth Capital upgraded the stock, saying the company is well down the path of preparing to enter the Indian market, where they see China-like potential.“The technology innovations around Fremont remain the key ingredients in Tesla’s success on the battery front and we believe the company is getting closer to announcing the million-mile battery,” Ives wrote in a note to clients.Tesla jumped as much as 16% to $,1794.99 on Monday, the biggest intraday gain since March 24.Roth analyst Craig Irwin upgraded his rating on Tesla to the equivalent of a hold from sell, saying the company is well down the path of preparing to enter the Indian market, where the analyst sees China-like potential. “We expect tangible evidence by the end of 2020, with sales in India starting as soon as 2021,” the analyst added.The incredible rally in the stock has left Wall Street analysts struggling to make sense of the sky-high valuation — which soared past that of Toyota Motor earlier this month and topped $300 billion on Monday. Tesla shares are up about four-fold just this year, despite a steep pandemic-related selloff in February and March.Although the stock had kicked off this year with a strong run, its ascent has been turbo-charged after Tesla reported better-than-expected delivery numbers for the second quarter earlier this month, leading many to say the company may be poised to report a profit for the period. Profitability is good news in itself, but in the case of Tesla, this would also mark the fourth consecutive quarter of profit, a milestone it needs to achieve to be considered for inclusion in the S&P 500 Index.(Updates with analyst comments starting in the third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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  • Did Hedge Funds Make The Right Call On Macy’s, Inc. (M) ?

    Did Hedge Funds Make The Right Call On Macy’s, Inc. (M) ?The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]

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  • Pepsico beats estimates, Analog Devices buying Maxim

    Pepsico beats estimates, Analog Devices buying MaximYahoo Finance’s Emily McCormick breaks down Pepsico’s second quarter earnings report. In addition, McCormick breaks down the details of a recent deal in the chipmaker sector, Analog Devices’s purchase of Maxim Integrated in an all-stock deal.

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  • Rethink Impact raises $182M in second round of funding

    Rethink Impact raises $182M in second round of fundingYahoo Finance’s Alexis Christoforous and Brian Sozzi speak with Rethink Impact Founder & Managing Partner, Jenny Abramson, about the firm’s successful second round of funding, and diversifying the venture capital space.

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  • What Can The Trends At Tencent Music Entertainment Group (NYSE:TME) Tell Us About Their Returns?

    What Can The Trends At Tencent Music Entertainment Group (NYSE:TME) Tell Us About Their Returns?What are the early trends we should look for to identify a stock that could multiply in value over the long term…

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  • Did Hedge Funds Make The Right Call On Cloudera, Inc. (CLDR) ?

    Did Hedge Funds Make The Right Call On Cloudera, Inc. (CLDR) ?We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]

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  • Were Hedge Funds Right About Piling Into Annaly Capital Management, Inc. (NLY)?

    Were Hedge Funds Right About Piling Into Annaly Capital Management, Inc. (NLY)?How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

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