Author: AnswerStock

Tesla Beats Delivery Record but Doubts Linger

By AnswerStock•

Tesla’s shares are up but investors are looking ahead to the company’s quarterly results.

Tesla’s shares were up on Wednesday after the company revealed that it delivered 92,500 cars during the last quarter. This beat the company’s record of 90,700 deliveries, which it reached in the final quarter of 2018.

Tesla’s shares were up 7% in premarket trading and investors are cautiously optimistic. In a note to investors, USB wrote that the spike in deliveries doesn’t change the company’s “cautious view on Q2 earnings.”

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Why Was Roku Stock Downgraded?

By AnswerStock•

Roku’s rocking 2019 … so why was its stock downgraded? 

Roku’s shares fell more than 3.5% on Tuesday after the company was downgraded by RBC Capital Markets. RBC lowered Roku’s rating from outperform to perform but held the company’s $90 price target.

This is somewhat surprising, given that Roku has massively outperformed in 2019. The company’s shares have risen 200% since the beginning of the year. In comparison, the S&P 500 has grown by a more modest 18%. 

So what’s the deal? Here’s what you need to know…

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Apple Investors Breathe a Sigh of Relief

By AnswerStock•

Apple’s shares rose more than 3% Monday…

Trade war tensions between the U.S. and China are halted for the time being, which is good news for Apple investors. The company has come under the microscope over the past couple of months, causing its shares to fall in early June. 

The company’s products have been largely unaffected by recent tariffs but there was a concern that popular Apple products could become a target if conditions worsened.

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G20 Brings Good News for American Chip Makers

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Today, we’re seeing big gains in U.S. markets based on easing of trade conflict with China.

Why the significant jumps in U.S. stock futures today? Part of the enthusiasm that’s driving renewed market activity: the technology sector.

In past weeks, as tariff activity seem to be ratcheting up, chipmakers like Broadcom came out with poor earnings reports and projected sales reports partially based on the fact that they source products and materials from Chinese companies. As American businesses were under a mandate not to buy from China, it was hurting their supply chains.

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After 20 Years of Talks, EU, Mercosur Strike Trade Deal

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After two decades of negotiations, it’s happening… 

As the U.S. struggles in solidifying international trade agreements, it appears that the EU has been taking notes and making some long-awaited decisions. 

After 20 years, the EU and Mercosur have finally formed an agreement regarding trade talks that have commenced between the two since 1999. In fact, the final agreement made on June 28, 2019, marks the exact 20th anniversary. 

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Walgreens Beat Earnings Estimates … But Is the Chain Doomed?

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The company’s shares went up after releasing fiscal third-quarter earnings… 

Walgreens saw its shares rise after releasing a better-than-expected earnings report. 

In many ways, it’s surprising that Walgreens shares went up at all. Although the earnings report was better than what investors were expecting, it still wasn’t all that great. 

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Bad Earnings News for General Mills

By AnswerStock•

The company’s shares were down by 8% after releasing fourth-quarter earnings…

Shares of General Mills tumbled after the company delivered its latest earnings report. The company’s revenue fell short of expectations during its fiscal fourth-quarter.

This was largely attributed to the sharp decline in demand for the company’s snack foods. In fact, the report revealed that the company’s pet division is the only real area where there’s much consumer demand. 

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eBay, Target Pile onto Amazon’s Prime Day Fame

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It’s almost Amazon Prime day again, and eBay has something to say about it…

This year, eBay, a major Amazon retail competitor, is conducting its own promotions and taking some potshots at the Bezos operation, a retailer that has built Amazon Prime day into a major national celebration.

eBay’s efforts are being referred to as a “Crash Sale” happening July 15. That’s the first of two Prime days this year as Amazon expands its own promotion into a two-day extravaganza. Last year, Amazon saw shoppers purchase over 100 million products, with sales of new tech gear like Alexa, Echo and FireTV Stick items popular.

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No More E-Cigs in San Fran

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San Francisco officials voted to approve an ordinance banning the sale of JUUL and more e-cigarette nicotine devices

The City by the Bay becomes the first city in the U.S. to make this move — and interestingly enough, JUUL is a tech conglomerate based out of San Francisco.

The ordinance makes it illegal to sell nicotine vaporizers and products in stores, and includes online retailers shipping to San Francisco addresses. 

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