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Tesla Hits All-Time High Before Being Downgraded: Where to Now?

Forest Products IIII - vor 7 Stunden 40 Minuten

What is the most shorted stock on Wall Street, you ask? Just beating out Apple for the top spot, it is Elon Musk’s Tesla (TSLA). $14.5 billion have been borrowed by investors in order to bet against the electric car manufacturer, apparently.The news is not very surprising as Tesla is one of the most polarizing companies out there. Hardly ever out of the headlines, most Wall Street observers have an opinion on what the future holds for the automobile industry disruptor.Earlier this week, Tesla notched an all-time high, closing Tuesday’s session at $537.92. The figure rounds out an extraordinary six months that has seen Tesla leave behind 2019’s initial troubles and virtually double its share price since the start of October. So, where is Tesla headed? This week, analysts have been throwing the hat in, offering takes on the electric vehicle company from all possible angles, with the most recent rating being a downgrade. In this article, we’ll take a look at three different ratings from the analysts.The SellRunning with the bears is Morgan Stanley’s Adam Jonas. Today, the 4-star analyst downgraded his rating on TSLA from Hold to Underweight, although he did raise his price target from $250 to $360. The new target implies downside of 29%. (To watch Jonas’ track record, click here)While acknowledging Tesla’s delivery beats and the progress of the company’s massive production facilities in China, Jonas believes Tesla’s recent surge is unsustainable. Jonas said, “Near-term momentum and sentiment around the stock is admittedly very strong, but we ultimately question the sustainability of the momentum… We believe the current share price discounts a fully ramped up China, Berlin and Model Y."The HoldSitting in the middle seat of the Tesla debate is Deutsche Bank’s Emmanuel Rosner. Rosner highlights Tesla’s recent 4Q19 vehicle delivery figures which beat consensus expectations across the board; In the fourth quarter, Tesla delivered 112,000 units, exceeding the Street’s estimate of 106,000 and totaling 367,000 for the whole year. The number is within the boundary of the company’s yearly guidance, which called for between 360,000 – 400,000 units. It also provides a 50% increase over 2018 figures.Rosner said, “We believe this new solid quarter of deliveries could further put to rest investor concerns around softening demand for Tesla’s product. While bears will likely argue 4Q deliveries benefited from strong purchases ahead of tax credits expiring in various countries, Tesla is just about to start deliveries of locally made Model 3s in the very large China market, at an attractive price point.”Bearing this in mind, Rosner kept his Hold rating on Tesla as is but bumped his price target up to $455 from the previous target of $290. The target, though, still implies downside of 11% over the next year. (To watch Rosner’s track record, click here)The Buy After Tesla’s stock hit a high point, is it time to sell? Not according to Jefferies’ Philippe Houchois, who believes Tesla is likely to start turning a profit this year and, therefore, selling at the present valuation will be a mistake. Houchois argues that present consensus estimates are “reasonable and conservative”, with Tesla standing to gain not only from car sales but also from products such as power storage and third-party battery sales. The company’s upcoming Q4 report in which it will lay out its financial plans for more factories and other capital-heavy costs will be “critical”, adds the analyst.So, what does it mean? It means Houchois kept his Buy rating but increased his price target to $600. The new target implies upside of 18%. (To watch Houchois’ track record, click here)The View from the StreetWhat does the rest of the Street make of Tesla’s prospects, then? 7 Buys, 7 Holds and 12 Sell ratings coalesce into a Hold consensus rating. The bears currently have the momentum, though, as the average price target comes in at $364.69 and indicates potential downside of 29%. (See Tesla price targets and analyst ratings on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.


Is Public Joint Stock Company Gazprom (MCX:GAZP) A Smart Pick For Income Investors?

Forest Products IIII - vor 8 Stunden 35 Minuten

Could Public Joint Stock Company Gazprom (MCX:GAZP) be an attractive dividend share to own for the long haul...


McDermott International may file for bankruptcy as soon as next week - Bloomberg

Forest Products IIII - vor 12 Stunden 27 Minuten

McDermott is discussing a restructuring plan in which its debt could be converted into equity, with its group of lenders getting the majority of the shares, the report said. Unsecured creditors would receive less than 10% of the equity along with warrants, according to one of the people cited in the Bloomberg report.


The Crypto Daily – Movers and Shakers – 19/01/20

Forest Products IIII - vor 15 Stunden 34 Minuten

It’s a mixed start to the day. A Bitcoin move through to $9,000 would spur a rally…


US Stocks: Boosted by Trade Deal, Better Economic Data, Solid Bank Earnings

Forest Products IIII - vor 15 Stunden 56 Minuten

The better-than-expected economic data demonstrated the resilience of the U.S. consumer in keeping the current economic expansion alive, and the solid corporate earnings from U.S. banks points toward the importance of the Fed holding interest rates at favorable price levels.


Notable Insider Buys Last Week: Small-Cap Biotechs

Forest Products IIII - Sa, 18/01/2020 - 23:09

At two of them, the shares were sold in recent secondary offerings. Conventional wisdom says that insiders and 10% owners really only buy shares of a company for one reason — they believe the stock price will rise and they want to profit. The following are a few of significant insider purchases reported last week, all small-cap biotechs.


China’s Cheap Electric Vehicles Could Disrupt Global Markets

Forest Products IIII - Sa, 18/01/2020 - 23:00

China’s legion of electric vehicle manufacturers are looking to seize a piece of the global EV market which could potentially lead to a new front in the ongoing trade war


Bulls And Bears Of The Week: IBM, Microsoft, Tesla And More

Forest Products IIII - Sa, 18/01/2020 - 22:13

Benzinga has examined the prospects for many investor favorite stocks over the past week. Bullish calls included a software leader and a discount airline. Bearish calls included an electric vehicle giant ...


Barron's Picks And Pans: Apple, Boeing, Disney, Tesla And More

Forest Products IIII - Sa, 18/01/2020 - 21:42

This weekend's Barron's cover story explains why Dow 30,000 is just the start. Other featured articles offer a close look at stock picks from some Barron's Roundtable panelists. Also, the prospects for ...


42% of people say this is why they aren't investing in the stock market

Forest Products IIII - Sa, 18/01/2020 - 21:30

The stock market is continuing its decade-long bull run, with all three of the major indices ending Friday’s trading session at record closes. So why are some potential investors staying on the sidelines?


"You're stealing our water": Germans protest against Tesla gigafactory

Forest Products IIII - Sa, 18/01/2020 - 20:00

Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area. The U.S. carmaker announced plans last November to build its first European car factory in Gruenheide, in the eastern state of Brandenburg. Politicians, unions and industry groups have welcomed the move, saying it will bring jobs to the region, but environmental concerns drove hundreds of locals to the streets on Saturday.


McDermott International may file for bankruptcy as soon as next week -Bloomberg

Forest Products IIII - Sa, 18/01/2020 - 19:00

Oilfield services provider McDermott International Inc is preparing to file for bankruptcy as soon as next week, Bloomberg reported on Friday, citing people with knowledge of the matter. McDermott is discussing a restructuring plan in which its debt could be converted into equity, with its group of lenders getting the majority of the shares, the report said. Unsecured creditors would receive less than 10% of the equity along with warrants, according to one of the people cited in the Bloomberg report.


How Important Is The Suriname Oil Discovery?

Forest Products IIII - Sa, 18/01/2020 - 19:00

Guyana has been the offshore success story of 2019, and Suriname could be the story of 2020 after Apache and Total made a significant discovery of both oil and condensate off its coast


Some IAMGOLD (TSE:IMG) Shareholders Are Down 34%

Forest Products IIII - Sa, 18/01/2020 - 15:42

For many investors, the main point of stock picking is to generate higher returns than the overall market. But if you...


If You Had Bought Johnson & Johnson (NYSE:JNJ) Shares Five Years Ago You'd Have Made 46%

Forest Products IIII - Sa, 18/01/2020 - 15:35

If you buy and hold a stock for many years, you'd hope to be making a profit. Better yet, you'd like to see the share...


Are Investors Undervaluing Horizon Therapeutics Public Limited Company (NASDAQ:HZNP) By 37%?

Forest Products IIII - Sa, 18/01/2020 - 15:08

Today we will run through one way of estimating the intrinsic value of Horizon Therapeutics Public Limited Company...


Should CVS Health Corporation (NYSE:CVS) Be Part Of Your Dividend Portfolio?

Forest Products IIII - Sa, 18/01/2020 - 14:02

Dividend paying stocks like CVS Health Corporation (NYSE:CVS) tend to be popular with investors, and for good reason...


Strong bank earnings boosted by the American consumer — and heavy buybacks

Forest Products IIII - Sa, 18/01/2020 - 13:52

The big U.S. banks reported earnings for the fourth-quarter of 2019, seeing decent top-line growth as a result of a strong U.S. consumer. But the bottom line earnings were helped by share buybacks.


Why We’re Not Impressed By The Williams Companies, Inc.’s (NYSE:WMB) 5.4% ROCE

Forest Products IIII - Sa, 18/01/2020 - 13:04

Today we are going to look at The Williams Companies, Inc. (NYSE:WMB) to see whether it might be an attractive...


Lennar Corporation (NYSE:LEN) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

Forest Products IIII - Sa, 18/01/2020 - 12:54

Lennar Corporation (NYSE:LEN) stock is about to trade ex-dividend in 4 days time. You can purchase shares before the...


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by Dr. Radut