Earnings Previews: Canoo, BioNTech
Two interesting earnings reports are due early next week. One is recent entry in the electric vehicle market and the other is a co-developer of a COVID-19 vaccine.
All Work
Paul Ausick
EV Battery Makers Catch the Eye of Goldman Sachs and Cathie Wood
Goldman Sachs has increased its outlook for EV demand over the next 20 years. In the shorter run, a couple of battery makers stand out as seeing the biggest share price gains over the…
WeWork SPAC IPO at $9 Billion, a Long Way from 2019’s $47 Billion
Blank-check company BowX has struck a deal to combine with office leasing firm WeWork in a reverse merger that values WeWork at $9 billion and will provide the company with about $1.3 billion in…
What’s Up With Apple: Ad Tracking, AI Investments, Blazing Fast Chip
Apple appears to have won the battle over its coming App Tracking Transparency feature as both Facebook and Google claim to have found new advertising strategies.
UBS Analysts Dunk on ViacomCBS, Discovery
Analysts at UBS have downgraded Discovery stock from Neutral to Sell and maintained a Sell rating on ViacomCBS even though the share price in both companies has soared.
Short Sellers Raise Bets Against Tesla, Other EV Makers
Short interest in electric vehicle makers mostly increased in the two-week reporting period that ended March 15. Traditional automakers GM and Ford saw larger interest from short sellers.
Apple’s Short Interest Nearly Triple Year-Ago Level
Short interest in Apple stock rose by 6% in the two-week reporting period that ended March 15. About 107 million Apple shares were short, representing less than 1% of the stock's total float.
Higher Gas Prices Means More Road Rage, Expert Says
Gasoline prices have been rising rapidly since the beginning of 2021 and along with the price increases has come an increase in aggressive driving, according to a survey by GasBuddy.
What’s Up With Apple: Arizona Misses Vote on App Store, VR Headset Rumor, and More
The Arizona state senate did not vote Wednesday on a bill that would have prevented Apple from forcing app developers to use the company's in-app payment system, probably ending the bill's chances in this…
Earnings Preview: Blink
Scheduled earnings reports are few and far between as we approach the end of a quarter. Here's one due Thursday afternoon that saw shares gain more than 2,000% last year.
Morgan Stanley Analysts Bullish on Aluminum, Say Take Profits on Copper
Morgan Stanley analysts are shifting their focus from one commodity metal to another and have made adjustments to their ratings and price targets to reflect the changes.
Consumer Reports Bashes Tesla Over Privacy
Consumer Reports magazine is taking EV maker Tesla to task for the automaker's in-vehicle camera system that can send recorded video back to the company.
What’s Up With Apple: Apple Card Not Sexist, Butterfly Keyboard in Court, and More
Apple exonerated in Apple Card dispute with co-founder Steve Wozniak but a federal court certified a class-action suit against the company for its much-disliked butterfly keyboard.
Earnings Previews: KB Home, Darden Restaurants, Carnival
Cruise line operator Carnival is scheduled to report earnings and about all we can say is that it is expected to be worse than last year's quarterly report.
Why Deutsche Bank Analysts See Volkswagen Challenging Tesla
Analysts at Deutsche Bank on Monday lifted their price target on Volkswagen to $320 and said it sees the German carmaker as a legitimate threat to Tesla's dominance in the EV sector.
Tax Evasion by the Top 1% Chops $175 Billion Annually from US Tax Receipts
A new paper suggests that the top 1% of U.S. earners are paying far less than their fair share of taxes. In fact, they are evading taxes.
What’s Up With Apple: First to $3 Trillion, Chip Factory Fire and More
Which high-flyer will be the first to a $3 trillion market cap -- Apple or Tesla?
Earnings Previews: GameStop, Adobe, General Mills, Winnebago
Tuesday afternoon and Wednesday morning bring earnings results from four companies that bear watching as the U.S. economy continues recovering from the coronavirus pandemic.
How Cathie Wood’s Ark Invest Sees Tesla Hitting $3,000 a Share, a $4 Trillion Market Cap
Cathie Wood and Ark Invest have put a 50% probability on Tesla's chances of posting a share price $3,000 by 2025, a compound annual growth rate of around 35%.
What’s Up With Apple: Patent Troll Wins, Russia Gives Up, and More
Apple has lost a jury trial in federal court and been ordered to pay more than $300 million. The company said it will appeal, but its legal issues are not behind it yet.