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In June, Ericsson (NYSE:ERIC) warned investors that it would take a $109 million write-down on its product inventory in China. It also suggested that it would have negative gross margins due to 5G contracts with three different mobile carriers in the country. On the surface, that wasn't good news for Ericsson stock.Source: rafapress / Shutterstock.com Dig deeper and investors will see that its Chinese business is strong and getting stronger. One example is the work it's doing in Shenyang, a city of 7.3 million, and the 14th largest in all of China. If you own Ericsson stock, Shenyang is another example of why it's a smart way to play the growth of 5G. InvestorPlace - Stock Market News, Stock Advice & Trading TipsI'm sure President Trump cannot see the progress China's making for its people, but Ericsson has a front-row seat to the action. A Closer Look at Ericsson StockIn January,...
Despite falling from $500 per share to less than $400 today, Tesla (NASDAQ:TSLA) remains a very expensive name to own. But unlike in recent years, where a fall had it compared with stocks like General Motors (NYSE:GM) or even Toyota Motor (NYSE:TM), Tesla stock now has analyst support.Source: Sheila Fitzgerald / Shutterstock.com People like Oppenheimer analyst Colin Rusch and even TV analyst Jim Cramer counsel patience.Tesla stock now has believers on Wall Street, who insist this is what CEO Elon Musk says it is - a tech stock, not a manufacturer.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Key for Tesla Stock Is BatteriesThe technology is batteries. I wrote years ago that Tesla's challenge was to scale its manufacturing, but I was wrong. Others argued over whether assembly or computer components would rule the new car market. They were wrong too. * 7 Hot Stocks to Buy on...
DUBLIN, Sept. 25, 2020 /CNW/ -- Endo International plc (NASDAQ: ENDP) today announced that its subsidiary, Par Sterile Products, LLC (Par Sterile) has entered into a non-exclusive agreement with Novavax, Inc....
(Bloomberg) -- For all of Argentina’s assurances that a round of capital controls announced last week are only temporary, investors are making the opposite bet.The evidence can be seen in prices for bonds sold by Argentina’s largest oil driller, Pan American Energy, that come due in May. While the government promises the measures that limit dollar access for companies will be over by then, investors aren’t taking any chances. They’ve dumped the notes, pushing prices down to about 94 cents on the dollar from above par.The rout in one of Argentina’s best-rated corporate credits -- a joint venture of BP Plc, the billionaire Bulgheroni family and China’s CNOOC Ltd. -- shows just how worried investors are that the government won’t be able to revive an economy bracing for a record contraction this year. While the official plan is to preserve international reserves by limiting access to dollars through March, shops including...
Readers hoping to buy Cardinal Health, Inc. (NYSE:CAH) for its dividend will need to make their move shortly, as the......
When it comes to Nikola (NASDAQ:NKLA), I think many investors and most of the Street have lost sight of a few important points. Most critically, they don't realize that Nikola stock can soar even if the company does not, on its own, revolutionize fuel-cell and battery technology. Nevertheless, I believe that investors should wait for a better entry point before buying Nikola.Source: Stephanie L Sanchez / Shutterstock.com As I've pointed out previously, there will be meaningful demand for fuel-cell trucks from many companies that want to show that they care about the environment in general and climate change in particular. Additionally, in certain places, like California and Europe, governments are likely to mandate the use of zero-emission trucks.And it makes sense for battery-electric trucks to be used for relatively short-distance tasks in areas where many people live and/or work. In those situations, the trucks' short range will not be an issue,...
