2.83k followers • 15 symbols Watchlist by Yahoo Finance
Follow this list to discover and track stocks that have set golden crosses within the last week. A Golden Cross is when a stock's 50 day moving average crosses above the 200 day moving average. This list is generated daily, ranked based on market cap and limited to the top 30 stocks that meet the criteria.
The Kroger Co.
Citizens Financial Group, Inc.
Enel Americas S.A.
Huntington Ingalls Industries, Inc.
Grupo Aval Acciones y Valores S.A.
Commerce Bancshares, Inc.
Grupo Aeroportuario del Pacifico, S.A.B. de C.V.
Quanta Services, Inc.
Houlihan Lokey, Inc.
Delek US Holdings, Inc.
International Bancshares Corporation
(Bloomberg) -- Elon Musk might have finally made good on his long-promised “short burn of the century” last month at Tesla Inc., but that doesn’t mean the bears will go wanting.They can just turn to GrubHub Inc. and Uber Technologies Inc. in the wake of the struggling food-delivery app’s historic sell-off and the ride-hailing company’s underwhelming year. They’ve become the most profitable U.S. stocks to sell short. Musk’s electric carmaker Tesla had held that title until its surprise third-quarter profit triggered a 36% rally.GrubHub has now become 2019’s most lucrative short with a mark-to-market profit of around $829 million, according to Nov. 11 data provided by S3 Partners research head Ihor Dusaniwsky. The company is followed by Uber, which shows a $626 million mark-to-market gain for shorts this year.The pair unseated Tesla, which topped the list earlier this year. Now Tesla short-sellers are looking at $709.6 million in mark-to-market losses for 2019, according to S3.Bears gained the upper hand at GrubHub as it plunged a record 43% after its fourth-quarter revenue guidance missed analyst estimates. Some of the company’s largest rivals, Uber Eats and DoorDash, are taking share from GrubHub’s core U.S. market, according to Bloomberg Intelligence analyst Mandeep Singh. Its sales growth is expected to “decelerate meaningfully in 2020,” he wrote in a recent note.Uber has declined 3.1% since its 180-day lock-up period expired last week and is hovering around the lowest level since it went public in May. A regulatory filing showed that the company’s founder, Travis Kalanick, sold 20% of his stake in the company.Below is a list of top 10 most profitable shorts in the U.S. this year:By contrast, the least profitable shorts this year, per S3 data, are Apple Inc. and Alibaba Inc.The S&P 500 Information Technology Index, which includes some of the names in this list, has advanced 39% this year.To contact the reporters on this story: Anisha Sircar in New York at firstname.lastname@example.org;Tatiana Darie in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Richard Richtmyer, Jennifer Bissell-LinskFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Tesla Inc. traded near this year’s high on Monday, with the electric carmaker’s post-earnings rally gaining momentum after Jefferies analyst Philippe Houchois set a price target that forecasts an additional 15% increase.The shares jumped as much as 3.6% to $349.19, touching the highest since Jan. 17. Houchois boosted his price target to $400 from $300, saying the company’s growth outlook is “clearing again.” That makes him the most optimistic after New Street Research’s Pierre Ferragu, who sees the stock climbing to $530, according to data compiled by Bloomberg. On average, analysts expect Tesla to fall to $273.Tesla’s third-quarter gross margin levels were consistent with sustained profitability, and “average selling prices should stabilize ahead of second-half 2020 improvements,” Houchois wrote in a note. The company’s growth outlook is clearing given growing credibility in its product cadence and deeper investment and integration of battery technology, the analyst said.Read more: Tesla PT Raised by 33% at Jefferies as Risk Profile ImprovingTesla also unveiled its first vehicles built in China, as the company prepares to start sales of domestically made electric sedans in the world’s largest auto market.Shares have gained 36% since Tesla’s third-quarter earnings release last month, after the company reported a surprise profit and said it was “highly confident” of reaching the lower end of its prior annual delivery forecast of 360,000 to 400,000 units. While regulatory filings later revealed that revenue in the U.S., its largest market, dropped almost 40% during the quarter, the market has largely shrugged it off.On Oct. 24, Tesla shares topped the average Wall Street price target for the first time since January, a gap that has since widened further.As the chart above shows, the spread between average analysts’ price target and Tesla’s share price turned negative in late October, as the price exceeded the average target, and the difference has been growing since then.To contact the reporter on this story: Esha Dey in New York at email@example.comTo contact the editors responsible for this story: Brad Olesen at firstname.lastname@example.org, Richard Richtmyer, Tatiana DarieFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The latest Tesla earnings release has driven it into one of the strongest and fastest rallies in the stock's history, and it doesn't seem to be slowing. TLSA could be well on its way to surpassing its all-time high.
Strong construction activities, a consistent job market, and solid spending are likely to reflect on the construction sector's Q3 results, despite higher costs and expenses.
(Bloomberg) -- Tesla Inc. unveiled its first vehicles built in China, a milestone for Elon Musk’s company as it prepares to start sales of domestically made electric sedans in the world’s largest auto market.Assembled in Tesla’s new Shanghai Gigafactory, which broke ground in January, the first Model 3 sedans came in blue and were emblazoned with the brand name in Chinese characters. Select local media were invited late last week to test drive the vehicles, which start at about $50,000.China’s first plant wholly owned by a foreign carmaker — and Tesla’s first outside the U.S. — is a crucial test of Musk’s bid to prove his carmaker can sustain profitability as he bets on Chinese demand for electric vehicles.The plant is producing cars in small quantities as part of preparations. Tesla is working with local authorities to obtain manufacturing certification and hopes to get it by year-end, Chairman Robyn Denholm said last week in Shanghai.To contact the reporters on this story: Ville Heiskanen in Singapore at email@example.com;Chunying Zhang in Shanghai at firstname.lastname@example.orgTo contact the editors responsible for this story: Young-Sam Cho at email@example.com, Ville Heiskanen, Will DaviesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
We'd be surprised if ITT Inc. (NYSE:ITT) shareholders haven't noticed that the Senior VP and President of Connect...
(Bloomberg) -- Short seller David Einhorn has taken Elon Musk up on his offer to tour Tesla Inc.’s facilities, suggesting they start with the company’s troubled solar plant in upstate New York.Einhorn’s hedge fund Greenlight Capital has lost money in recent months on its bet against Tesla shares, which have surged 50% since June 30. After reporting a surprise quarterly profit last month, Musk has taken a public victory lap by goading one of his most vocal skeptics on Twitter and inviting him to meet.“I think facility visits would be fun (can we start in Buffalo?),” Einhorn tweeted Friday in response to Musk. “I might learn the difference between your alien dreadnought factory and cars made by hand in a tent.”Tesla makes solar panels in Buffalo, New York. The company leases the facility from a state-affiliated nonprofit that wrote down the value of the factory last year by $883.8 million, according to an auditor’s filing submitted in September.Musk, 48, taunted Einhorn roughly 12 hours earlier after reading Greenlight Capital’s third-quarter investor letter that was again critical of the carmaker. “It is understandable that you wish to save face with your investors, given the losses you suffered from Tesla’s successful third quarter,” Musk wrote. “You have our sympathies.”Musk invited Einhorn, 50, to discuss the company in person, saying his investors “would appreciate you getting smart on Tesla.”In August, Einhorn called on Musk to resign after Business Insider reported on “Project Titan,” a Tesla effort to inspect all roofs that had solar panels and potentially faulty connectors. Einhorn said on a conference call Thursday that Greenlight remains short on Tesla, even though the position hurt its performance during the period. He added that he’s been surprised by the stock’s resilience, given “relentless negative news and what appears to be an end of the company’s growth trajectory,” according to a transcript.In his tweet, Musk addressed Einhorn as “Unicorn” and signed off as “Treelon,” a reference to his tree-planting donation. Musk accompanied the missive a reference to gifting Einhorn “short shorts.”It wasn’t the first time the men have sparred. Last year, Einhorn acknowledged receiving an earlier transmission of shorts.“I want to thank @elonmusk for the shorts,” Einhorn posted. “He is a man of his word! They did come with some manufacturing defects.”To contact the reporters on this story: Anthony Palazzo in London at firstname.lastname@example.org;Dana Hull in San Francisco at email@example.comTo contact the editors responsible for this story: Craig Trudell at firstname.lastname@example.org, ;Anthony Palazzo at email@example.com, Chester DawsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Siemens Chief Executive Joe Kaeser on Friday lamented Germans who fail to recognise true visionaries and instead admire pot smokers who talk about space travel, only days after his deputy praised Tesla CEO Elon Musk. "Amusing opinions in our country: When a German chief executive proactively orients his company toward the future, he is regarded as 'lofty' and 'philosophical'. Kaeser's statement sparked a lively debate on social media, with the Siemens CEO later seeking to clarify his comments.
We'd be surprised if Quanta Services, Inc. (NYSE:PWR) shareholders haven't noticed that an insider, Dorothy Upperman...
Huntington Ingalls' (HII) top line up 6.5% year over year to $2,219 million, owing to higher volume in the Newport News Shipbuilding division and growth in the Technical Solutions division.
Huntington Ingalls (HII) delivered earnings and revenue surprises of 3.03% and 1.00%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Quanta Services is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.
(Bloomberg) -- Tesla Inc. could soon become more German, if Morgan Stanley’s prediction is right.The country would be the “logical choice” for the so-called gigafactory in Europe that Elon Musk’s electric-car manufacturer plans to announce by the end of the year, Morgan Stanley analysts led by Adam Jonas wrote in a note Thursday.Germany “is the heart of the global luxury-auto market, with an economy dependent on internal-combustion tech and a government focused on climate change,” with authorities pursuing car electrification more aggressively than in other countries, Jonas said.Chancellor Angela Merkel’s government and local automakers agreed this week to increase cash incentives for electric-car purchases, intensifying Germany’s effort to move away from the combustion engine to reduce exhaust emissions. Musk said in June that Germany is “a leading choice” for Tesla’s planned car-battery factory in Europe, with favored locations along the border with France, Belgium, the Netherlands and Luxembourg. Tesla’s spokesman in the region didn’t immediately respond Thursday to phone and emailed requests for comment on Jonas’s report.READ Aug. 25: Tesla Mulls Potential Factory Locations in Germany’s RhinelandWhile Poland, Hungary or the Czech Republic are seen as possible sites, “Giga Deutschland” would be the preferred outcome, enabling Tesla to take advantage of being part of the biggest economy in Europe, Jonas said. The regional foothold will help Palo Alto, California-based Tesla benefit from what Morgan Stanley projects to be one of the largest, fastest-growing electric-vehicle markets, with 6.5 million units sold a year by 2030, outpaced only by China.\--With assistance from Christoph Rauwald and Catherine Larkin.To contact the reporter on this story: Chiara Remondini in Milan at firstname.lastname@example.orgTo contact the editors responsible for this story: Beth Mellor at email@example.com, Tom Lavell, Jon MenonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Tesla moved above 340.94 handle buy point, following price target hike and company showing off Model 3s made at Shanghai plant. Base was very deep, still a lot of overhead supply.