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By Kuldip K. Ambastha and Anil K. Ambastha On Friday, January 3, 2020, Tesla, Inc. (TSLA) delivered a gain of 3.0% closing at an all-time high of $443.01 per share due to positive news. Intra-day, the share price reached as high as $454.00 per share. Tesla beat Wall Street estimates for both car production and …
By Kuldip K. Ambastha and Anil K. Ambastha HAPPY HOLIDAYS, EVERYBODY! During this week of Christmas, Peloton Interactive, Inc. (PTON) and WW International, Inc. (formerly Weight Watchers International, Inc.) (WW) caught our eye. On Thursday, December 26, 2019 (the day after Christmas 2019), Peloton dropped by 6.1%, while WW International fell by 8.5%. Peloton is …
Continue reading “What Caught Our Attention in the Investment World? – Week of December 23-27, 2019”
By Kuldip K. Ambastha and Anil K. Ambastha Best Buy Co., Inc. (BBY), a big-box electronics retailer business headquartered in Richfield, MN, delivered strong results for 3Q2019. During the quarter, the company exceeded expectations on many fronts, such as earnings, revenues, and same-store sales. The key product and service lines which performed well were tablets, …
Continue reading “What Caught Our Attention in the Investment World? – Week of November 25-29, 2019”
By Kuldip K. Ambastha and Anil K. Ambastha During this trading week, JP Morgan Chase & Co. (JPM) was a star performer. Specifically, the company delivered on many fronts, in terms of strong underwriting data, an increase in mortgage banking activities, significant bond trading income, substantial wholesale and credit card loans, and positive home lending …
Continue reading “What Caught Our Attention in the Investment World? – Week of October 14-18, 2019”
By Anil K. Ambastha and Kuldip K. Ambastha On September 26, Interactive Brokers (IBKR) announced a new IBKR Lite service effective from October that will feature unlimited, commission-free trades of U.S.-listed stocks and exchange traded funds (ETFs) along with no account minimum or inactivity fee. This news caused only a mild reaction on September 26 …
By Kuldip K. Ambastha and Anil K. Ambastha BlackBerry Limited (BB) is a prominent Canadian company, previously known as “Research In Motion.” The general public knows BlackBerry Limited best as the developer of the BlackBerry brand of phones and tablets, but in more recent years the company now provides enterprise software and services. From 2001 …