Tesla (TSLA) shares have put together an impressive run in 2020, to say the least. The market has reacted favorably to reports of strong demand for Model 3s in China, a strong Q1 report and a penchant for tech growth stocks. As a result, shares have skyrocketed by a massive 158% since the turn of the year.Later this week, Tesla will announce 2Q20 delivery and production numbers and Wall Street will be keen to gauge the coronavirus’ impact on operations. Along with shuttered businesses around the world, Tesla’s sole US factory in Fremont, California, was shut down for much of the quarter.Deutsche Bank analyst Emmanuel Rosner expects Tesla to hit 76,000 deliveries in Q2, of which 60,000 are Model 3s, 8,000 Models S+X and 8,000 Model Ys. Consensus expects Tesla to deliver 67,000 vehicles.Breaking down Tesla’s main regions, the analyst estimates that in the US, Tesla will notch up 15,000 deliveries,...
It is gearing up to be a busy Wednesday, and investors will be turning their attention to the ADP June private employment report, the Institute for Supply Management’s (ISM) manufacturing index reading for June and Macy’s quarterly results....
Former Vice President Joe Biden said at an online campaign fundraiser that he plans to remove a large portion of Trump’s tax cuts, a move he knows would hurt his donors. Yahoo Finance’s Rick Newman joins The Final Round to discuss. ...
FedEx reporting a beat on revenue at $17.4B and EPS of $2.53 adjusted for Q4 earnings report, but still opting to forgo a forecast for 2021. The Final Round panel breaks down the numbers....
Stocks rallied into the close Tuesday to cap off the best second quarter for blue-chip equities since the S&P 500 was created in 1957. The Dow jumped more than 17.5%, and the Nasdaq outperformed with a greater than 30% gain for the second quarter. The Final Round panel breaks down the details. ...
On Tuesday, Cowen analyst led by John Blackedge raised their price target on shares of Netflix, after the results of a proprietary survey which suggest increased pricing power in recent months, as well as the company’s leadership on TV screens. The Final Round panel discusses the bullish call ahead of Netflix’s earnings results on July 16. ...
