Tesla Motors unveiled its new electric vehicle, dubbed the Cybertruck. With a bizarre look that combines a DeLorean with an El Camino—or a Pontiac Aztec—the look didn't fit well with the company's sleeker car offerings.
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| |  Good morning. Tesla Motors unveiled its new electric vehicle, dubbed the Cybertruck. With a bizarre look that combines a DeLorean with an El Camino—or a Pontiac Aztec—the look didn't fit well with the company's sleeker car offerings.
Even worse, when showing off the break-resistant windows, two of them ended up broken. Innovation is tough, especially when you need to keep consumers happy. The launch was so much of a miss in the minds of investors that Tesla shares dropped nearly 5 percent on the day. | | | |
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 | DOW 27,875.62 | +0.39% | | |
| S&P 3,110.29 | +0.22% | | |
| NASDAQ 8,519.88 | +0.16% | | |
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| *As of market close |
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| • | Stocks rallied into the weekend, with indices still near all-time highs. | | | • | Oil declined 1 percent, to $58.00 per barrel. | | | • | Gold slid 0.1 percent, to $1,462 per ounce. | | | • | Cryptocurrencies continued their decline, with bitcoin dropping another 3.8 percent to $7,348. . | | |
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| Two Companies To Buy Now for the Next Decade | |
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There's an old Chinese proverb: The best time to plant a tree was 20 years ago. The second best time is now.
That's a great philosophy for investing. Today, with the longest-running bull market in history still going on, many investors feel that they have missed out.
But the only way they miss out is if they continue to stay on the sidelines out of fear. There are plenty of great companies that can continue to grow in value.
» FULL STORY |
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| Insider Trading Reports: Gulf Island Fabrication (GIFI) | |
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Robert Averick, a director who also has a double-digit stake in Gulf Island Fabrication (GIFI), picked up an additional 298,362 shares.
The buy increased his holdings by nearly 20 percent, and came at a cost of just over $1.3 million.
Data for the past few years shows this as the first insider buy of 2019, following some sales at the start of the year at a far higher price for shares. Averick's buy dwarfs those sales, however.
» FULL STORY |
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| Unusual Options Activity: Procter & Gamble (PG) | |
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The April 2020 $115 put options on Procter & Gamble (PG) saw a nine-fold surge in trading volume, from 174 contracts to over 1,500.
Shares of the consumer goods company would need to fall by about $5 for this option to move in-the-money in just under six months.
This kind of bet is a sign of hedging activity, given the small size of the potential pullback, and the timeframe on the options.
» FULL STORY |
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| TOP | | | JWN | 10.577% | | | | M | 5.181% | | | | LB | 4.892% | | | | GPS | 4.439% | | | | SJM | 4.081% | | | | BOTTOM | | | INTU | 4.182% | | | | HES | 3.796% | | | | STZ | 2.899% | | | | COTY | 2.7% | | | | TTWO | 2.497% | | | |
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| People are looking at the stock market that's going straight up and it's making them greedy. We've had a six-week rally where literally every piece of bad news is completely ignored and every whisper of possible good news causes a rally. |
- Tom Essaye, founder of Sevens Report Research, on how the market is getting greedy and how any bad news now could quickly lead to a market pullback.  |
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