Posts filtered by tags: Wedbush Securities[x]


 

Musk on trial: Defends SolarCity, calls lawyer ‘bad human’

By PAUL WISEMAN and TOM KRISHER WILMINGTON, Del. (AP) — Tesla founder Elon Musk took to a witness stand Monday to defend his company’s 2016 acquisition of a troubled company called SolarCity against a lawsuit that claims he’s to blame for a deal that was rife with conflicts of interest and never delivered the profits he’d promised. And to the surprise of no one, the famously colorful billionaire did so in the most personally combative terms. “I think you are a bad human being,” Musk told Randall...
Tags: Amazon, Elon Musk, Hbo, Uncategorized, Tesla, Sport, Soccer, Baron, Solarcity, Securities And Exchange Commission, Musk, Forbes, Wilmington, Ives, Wedbush Securities, Delaware Court of Chancery


Your streaming bill is about to get more expensive as platforms look to gobble up libraries of exclusive content

"Black Widow" debuts on HBO Max and in theaters on July 9. Walt Disney Studios Motion Pictures Amazon is acquiring MGM Studio's content library, which could be shown exclusively on its Prime service. The move indicates that content could grow increasingly exclusive across the streaming market. Such exclusivity could mean viewers will pay for more subscriptions to access what they want to watch, experts said. See more stories on Insider's business page. The media industry is consol...
Tags: Amazon, UK, News, Media, Entertainment, Disney, Trends, Amazon Prime, Netflix, Sony, James Bond, Daniel Craig, Skyfall, Hulu, MGM, Streaming Services


Zscaler stock jumps 15% after the company reveals a revenue and billings surge in its latest earnings report

Zscaler CEO Jay Chaudhry Zscaler Zscaler stock jumped as much as 15.45% on Wednesday. The rise came after a 60% jump in revenue and a 71% increase in billings in the fiscal third quarter. Zscaler also increased its fiscal year 2021 after the quarter, citing a strong strategic position. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Zscaler stock jumped as much as 15.45% on Wednesday after the company reported strong fiscal third-quarter earnings, topping revenue ...
Tags: Trends, Zscaler, Wedbush, BMO Capital Markets, GAAP, Ives, San Jose California, Chaudhry, Wedbush Securities, Dan Ives, Jay Chaudhry, Will Daniel, Jay Chaudhry Zscaler Zscaler, Things Before the Opening Bell Zscaler


Tech stocks' recent fall has created a buying opportunity on the heels of a '4th Industrial Revolution,' Wedbush says

Skye Gould/Business Insider The recent fall in tech stocks has created a buying opportunity, according to Wedbush's Dan Ives. Ives said he sees a $2 trillion digital transformation around cloud, cybersecurity, and 5G in the coming years lifting tech shares. The analyst noted names like Apple, Microsoft, Zscaler, Docusign, and more are set to outperform moving forward. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Tech stocks have taken a hit in recent weeks...
Tags: Trends, Markets, Cyber Security, Ubs, Inflation, Biden, Stock Market, Wedbush, Apple Microsoft, Ives, Wedbush Securities, Tech Stocks, FAANG, Dan Ives, Dan Ives Ives, Skye Gould Business Insider


Tesla's China sales took a major hit after months of PR crises

Tesla's sales of China-made cars are slowing down as the company hits choppy waters in its most important market. VCG/VCG via Getty Images Tesla's sales in China fell 27% in April compared to March. Sales of locally built Teslas soared to record highs in March. Tesla has had to navigate numerous PR crises and heightened scrutiny in China in 2021. See more stories on Insider's business page. Tesla is hitting turbulence in one of its most crucial markets, and its sales may be t...
Tags: China, Trends, Tesla, Beijing, Shanghai, Bmw, Hyundai, Reuters, Tesla CEO Elon Musk, Wedbush Securities, Daniel Ives, VCG VCG, Getty Images Tesla, Tim Levin, Mercedes Tesla, China s Passenger Car Association


Lyft is a 'buy' despite the slide in its share price after earnings and a regulatory overhang, 2 analysts say

Lyft's John Zimmer in New Orleans in 2018. Stephen McCarthy/Sportsfile via Getty Images Lyft got some analyst support on Wednesday after earnings with two top Wall Street analysts reiterating their bullish stances. CFRA's Angelo Zino reiterated his "buy" rating and $75 price target citing improved pricing. Wedbush's Dan Ives reiterated his "overweight" rating and $85 price target citing a demand rebound. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. ...
Tags: Lyft, California, Washington Post, US, Trends, New Orleans, Biden, John Zimmer, Trump, Reuters, Wedbush, CFRA, Ives, Marty Walsh, Wedbush Securities, Independent Contractor


Meet Greg Abel, the 58-year-old Berkshire Hathaway vice chairman just tapped as Warren Buffett's successor

AP Images / Nati Harnik Warren Buffett has named Greg Abel as his heir apparent at Berkshire Hathaway. Abel has long been suspected as the next in line to lead the $631 billion conglomerate. Abel is currently the vice chairman for non-insurance businesses at Berkshire. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Berkshire Hathaway held its annual shareholder meeting on Saturday and Warren Buffett pointed to Greg Abel, the 58-year-old leader of Berkshire's...
Tags: Apple, Trends, Bloomberg, Ap, Credit Suisse, Jp Morgan, Berkshire Hathaway, Omaha, Warren Buffett, Yankees, Warren Buffet, Jefferies, Berkshire, Cnbc, Mantle, Buffett


Beijing's campaign to rein in Tesla has begun, now experts say it has a limited time to sell cars before it gets canceled

Elon Musk's company may face more trouble in China. Getty Images Tesla has a limited time to get market share in China before the government takes action, experts say. State media is indicating that time could run out sooner than Tesla had bargained. Experts say it's clear Beijing is trying to give Tesla a bad name so domestic rivals can catch up. See more stories on Insider's business page. When Tu Le found out what happened at the Tesla kiosk - just one room over from where ...
Tags: Google, Transportation, Elon Musk, Sweden, Wall Street, China, US, Trends, Nike, Tesla, Taiwan, Analysis, Beijing, West, Gm, Silicon Valley


The SEC is reportedly looking into Volkswagen's botched 'Voltswagen' April Fools' prank

VW's rebrand was all just a late-March April Fools' Day prank. Volkswagen/Tim Levin US regulators are looking into Volkswagen's "Voltswagen" stunt from March, Der Spiegel reports. The early April Fools' Day prank was taken seriously by many in the media and on Wall Street. Volkswagen and the SEC did not return requests for comment. See more stories on Insider's business page. Volkswagen's botched April Fools' Day prank may have landed it in hot water with fin...
Tags: US, America, Trends, Vw, SEC, Volkswagen, Der Spiegel, Wedbush Securities, US Securities and Exchange Commission, Tim Levin, Voltswagen, Voltswagen of America


Zscaler and Varonis Systems are among the top 7 cybersecurity stocks this earnings season, Wedbush says

Yuichiro Chino/Getty Images Wedbush analysts expect cybersecurity spending to jump more than 20% in 2021 alone. Cybersecurity stocks will be buoyed by federal spending and a push towards hosting workloads on the cloud. Varonis Systems, Zscaler, Telos Corp., Sailpoint Technologies, Tenable Holdings, Palo Alto Networks, and Fortinet are the firm's top cybersecurity picks. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Zscaler and Varonis Systems are among Wedb...
Tags: Google, China, Russia, Trends, Gartner, Biden, Wedbush, Ives, Wedbush Securities, Microsoft Amazon, Proofpoint, Dan Ives, Varonis Systems, Will Daniel, Yuichiro Chino Getty


Volkswagen's rebrand to 'Voltswagen' was just an April Fools' Day joke gone wrong

VW's rebrand was all just a late-March April Fools' Day prank. Volkswagen/Tim Levin Volkswagen won't actually become Voltswagen, as the company led the public to believe Tuesday. The announcement was supposed to be an early April Fools' Day prank, a spokesperson told Insider. Volkswagen previously deceived the public and regulators about the efficiency of its diesel cars. See more stories on Insider's business page. April Fools' Day came early this year for Volkswa...
Tags: US, America, Trends, Vw, Volkswagen, Cnbc, US Department of Justice, Wedbush Securities, Tim Levin, Voltswagen, Voltswagen of America, Volkswagen Tim Levin Volkswagen


3 factors are driving a broad decline in electric-vehicle stocks, but it's a 'massive buying opportunity' for investors, Wedbush says

Spencer Platt/Getty Images A continued sell-off in EV stocks is a "massive buying opportunity" for investors, Wedbush wrote. Wedbush analyst Daniel Ives pinpointed 3 factors that are driving the sell-off in EV stocks. "This is not the time to panic in EV land ... just part of the multi-year ride higher," Ives said. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The decline in electric-vehicle stocks since the start of the year should be viewed as a "massive buy...
Tags: Transportation, Trends, Markets, Tesla, Joe Biden, Electric Vehicles, Trading, Biden, Stock Market, EVs, Ev, Wedbush, Ives, Wedbush Securities, Ives Ives, NIO


Microsoft could gain 27% on cloud-computing upside that's only begun to scratch the surface, says Wedbush

A woman walks past a Microsoft Store on 5th avenue. John Nacion/SOPA Images/LightRocket via Getty Images Microsoft stock could gain 27% in the next year as the shift to cloud-computing in workforces continues, said Wedbush. Analysts say Microsoft has only begun to scratch the surface of its installed user base for cloud computing.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Microsoft stock has plenty of upside ahead as the shift to cloud computing has only just b...
Tags: Microsoft, Trends, Markets, Wedbush, Redmond, Wedbush Securities, Microsoft Azure, Nadella Co, Getty Images Microsoft, Emily Graffeo, Microsoft Stock Price, MSFT stock, Msft Stock Price, John Nacion, Things Before the Opening Bell Microsoft, MI Exclusive


Elon Musk lost $27 billion in a rough week for the electric vehicle sector

Elon Musk. Britta Pedersen-Pool/Getty Images Elon Musk is no longer the world's richest person.  The magnate's wealth dropped $27 billion in the first week of March amid a selloff in Tesla stock.  EV stocks across the board had a rocky week after surging at the beginning of the year.  Visit the Business section of Insider for more stories. Electric vehicle stocks have been on a tear in 2020, fueled by a storm of reverse-mergers, technical breakthroughs, and potential political help.But hea...
Tags: Amazon, Transportation, Spacex, Elon Musk, White House, China, Trends, Markets, Tesla, Bloomberg, Electric Vehicles, Jeff Bezos, Musk, SPAC, Wedbush Securities, NIO


The recent tech sell-off creates a 'massive buying opportunity' with another 30% jump for the sector possible in 2021, Wedbush says

Xinhua/Wang Ying/Getty Images The recent decline in tech stocks has created a "massive buying opportunity" in the sector, according to Wedbush analyst Dan Ives. Ives said he believes another 30% jump in tech names is possible in 2021. The analyst argued that 30% to 40% of employees could eventually be permanently remote, adding fuel to the digital transformation. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The recent decline in tech stocks has created a "mass...
Tags: Microsoft, Trends, Markets, Tesla, Stocks, US Treasury, Stock Market, Wedbush, Ives, Wedbush Securities, Federal Reserve Chair, Jerome Powell, Tech Stocks, QQQ, FAANG, Dan Ives


Tesla's valuation will hit $1 trillion in 2021 as demand soars in China, Wedbush says

Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai Reuters Tesla will be a $1 trillion company by the end of 2021, says Wedbush analyst Dan Ives. In a Thursday note the analyst said "eye popping demand" in China will drive Tesla's market cap higher. If Tesla's valuation hits $1 trillion, it would be the fifth-most-valuable US company based on current levels. Watch Tesla trade live here.Tesla's market capitalization will soar to $1 trillion in 2021 ...
Tags: China, US, Trends, Markets, Tesla, Shanghai, Wedbush, Ives, Wedbush Securities, Tesla China, Reuters Tesla, Dan Ives, Tesla Musk Co, China Wedbush, Emily Graffeo, Tesla stock price


Tech stocks' market leadership may be over and investors aren't 'bullish enough about the reopening', says Fundstrat's Tom Lee

Thomas Lee Managing Director and Head of Research at Fundstrat Cindy Ord/Getty Images Fundstrat's Tom Lee says tech stock's market leadership is fading as energy, financials, and cyclicals takeover. The Head of Research at Fundstrat argued investors aren't "bullish enough about the reopening." Lee sees the reopening of the US economy post-pandemic as akin to a "post-war reconstruction period with government stimulus." Sign up here for our daily newsletter, 10 Things Before the Opening Bell...
Tags: US, Trends, Cnbc, Lee, Tom Lee, Wedbush Securities, Fundstrat Global Advisors, Thomas Lee, Head of Research, FAANG, Fundstrat, Dan Ives, Tom Lee Lee, Will Daniel, Things Before the Opening Bell Tech, Fundstrat Cindy Ord Getty Images Fundstrat


Nikola probe finds ousted founder Trevor Milton made several 'inaccurate' statements

Nikola founder Trevor Milton left the company after a scathing report accused him of "massive fraud." REUTERS/Massimo Pinca Nikola said its founder made several misleading statements about the company and its technology.  The EV startup launched an internal probe after a short seller accused Milton of "intricate fraud." Milton resigned from the firm in September amid multiple federal investigations.  Visit the Business section of Insider for more stories. Electric-truck startup Nikola dete...
Tags: Trends, General Motors, Trevor, Electric, Milton, Kirkland Ellis LLP, Wedbush Securities, Nikola, Hindenburg, Daniel Ives, Trevor Milton, Nikola One, Hindenburg Research, Tim Levin, REUTERS Massimo Pinca Nikola, Following Hindenburg


Tesla slips as report says the EV maker will idle Model 3 line at its Fremont factory for two weeks

FILE PHOTO: The Tesla factory is seen in Fremont Reuters Tesla is temporarily shutting down the Model 3 line at its Fremont Factory until March 7. Analyst Dan Ives of Wedbush said the move is driven by a chip shortage. Ives said he doesn't see the shutdown affecting "overall delivery trajectory" for Q1 or 2021. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of Tesla slipped as much as 4% on Thursday after a report said the EV maker will idle the Model 3 li...
Tags: Congress, China, US, Trends, Tesla, Bloomberg, Joe Biden, Ford, Gm, Biden, FREMONT, Wedbush, Ives, Wedbush Securities, Fremont California, Dan Ives


Tesla slips as report says the EV maker will idle Model 3 line at its Freemont factory for two weeks

FILE PHOTO: The Tesla factory is seen in Fremont Reuters Tesla is temporarily shutting down the Model 3 line at its Freemont Factory until March 7. Analyst Dan Ives of Wedbush said the move is driven by a chip shortage. Ives said he doesn't see the shutdown affecting "overall delivery trajectory" for Q1 or 2021. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of Tesla slipped as much as 4% on Thursday after a report said the EV maker will idle the Model 3 l...
Tags: Congress, China, US, Trends, Tesla, Bloomberg, Joe Biden, Ford, Gm, Biden, Wedbush, Ives, Wedbush Securities, Freemont, Freemont California, Dan Ives


Ford CEO says US should boost battery production to avoid a future supply-chain crises

The chip shortage has impacted production of Ford's top-selling F-150 pickup. Associated Press The US needs to grow its battery production, Ford CEO Jim Farley said at a conference Wednesday. Farley said that's crucial for avoiding the next global supply-chain crisis.  A worldwide shortage of semiconductor chips has hobbled the recovering auto industry.  Visit the Business section of Insider for more stories. Ford CEO Jim Farley called on the US government to bring battery production c...
Tags: US, Trends, General Motors, Tesla, Bloomberg, Joe Biden, Taiwan, Ford, Gm, Detroit, Farley, John Lawler, Wedbush Securities, Fremont California, Jim Farley, Daniel Ives


Tesla drops 9% after stopping new orders for the lowest-priced version of its Model Y SUV

Tesla Model Y. Tesla Tesla dropped 9% on Monday after halting new orders for the lowest-priced version of its Model Y SUV. The move comes as Tesla continues to cut prices on a number of its vehicles around the world. Despite the single-day decline, Wall Street analysts aren't particularly concerned. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of Tesla close 9% lower on Monday after the electric-vehicle maker stopped taking new orders for the lowest-pric...
Tags: China, Trends, Markets, Tesla, Credit Suisse, TSLA, Musk, Wedbush, Shanghai China, Ives, Dan Levy, Wedbush Securities, Model Y, Daniel Ives, Electrek Tesla, Tesla Stock


Bitcoin plunges 17% as record-shattering rally succumbs to valuation fears

Jaap Arriens/NurPhoto via Getty Images Bitcoin tumbled as much as 17% on Monday after hitting a record above $58,000 over the weekend. On Sunday, Bitcoin hit $58,042, bringing its year-to-date gain to more than 100%. The popular cryptocurrency surged 305% in 2020. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin tumbled as much as 17% on Monday to below $48,000.The drop comes a day after the cryptocurrency hit a new record of $58,042 on Sunday, for a gain ...
Tags: Elon Musk, US, Trends, Markets, Tesla, Bank Of America, Bitcoin, Crypto, Cryptocurrencies, Mastercard, Musk, Saylor, Wedbush Securities, MicroStrategy, Michael Saylor, Dan Ives


Bitcoin plunges 8% as record-shattering rally succumbs to valuation fears

Bitcoin replica coins are seen on November 13, 2017 Jaap Arriens/NurPhoto via Getty Images Bitcoin tumbled 8% Monday after hitting a record above $58,000 for the first time over the weekend. On Sunday, Bitcoin hit $58,042, for a year-to-date gain of over 100%. The popular cryptocurrency surged 305% in 2020. Sign up here for our daily newsletter, 10 Things Before the Opening Bell Bitcoin tumbled 8% Monday to below $53,000.The drop comes a day after the cryptocurrency hit a new record of $58...
Tags: Elon Musk, US, Trends, Markets, Tesla, Bitcoin, Crypto, Cryptocurrencies, Mastercard, Musk, Saylor, Wedbush Securities, MicroStrategy, Michael Saylor, Dan Ives, Bitcoin Price


Facebook slips as the market eyes the social media giant's move to ban news from its platform in Australia

Facebook CEO Mark Zuckerberg. Andrew Harnik/AP Facebook has banned all news-related content from its platform in Australia. Analysts believe the fallout from the move will be minimal for Facebook's stock but could worsen if more governments seek to regulate. Facebook struggled to find who and what to remove from its site post-ban, even banning its own page for a time. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of Facebook fell on Thursday as investors ...
Tags: Google, Facebook, Australia, Trends, Eu, Canada, Reuters, Bernstein, Fletcher, Wedbush Securities, Paul Fletcher, AP Facebook, Daniel Ives, Australia Facebook, Steven Guilbeault, Will Daniel


'Dr. Doom' economist Nouriel Roubini says 'the Flintstones had a better monetary system than bitcoin' and the token should not be considered a currency

Nouriel Roubini. Pier Marco Tacca/Getty Images Economist Nouriel Roubini — popularly known as Dr. Doom — believes the Flintstones had a better monetary system than bitcoin. The NYU professor sat down with Bloomberg for an interview on Wednesday and blasted cryptocurrencies. Roubini argued cryptocurrencies are a "bubble" based on "manipulation." The professor said the term "currency" is a misnomer for the tokens, which aren't even real assets in his view. Sign up here for our daily newslett...
Tags: Trends, Markets, Bloomberg, Bitcoin, Cryptocurrencies, Nyu, Wedbush, Nouriel Roubini, Roubini, Wedbush Securities, Daniel Ives, Bitcoin Price, JPMorgan bitcoin, Will Daniel, Opening Bell Economist Nouriel Roubini, Cryptocurrency Analysis


Uber falls after quarterly revenue misses Wall Street's expectations

Jeff Greenberg/Education Images/Universal Images Group via Getty Images Uber stock fell as much as 5% on Thursday after reporting fourth-quarter results.  Fourth-quarter revenue of $3.17 billion was below Wall Street's target of $3.58 billion.  Net loss of $0.54 per share narrowed from $0.64 per share a year earlier.  Visit the Business section of Insider for more stories. Uber shares fell by as much as 5% early Thursday as revenue in the fourth quarter of 2020 fell short of Wall Street's...
Tags: Uber, Trends, Markets, Revenue, Earnings, Stocks, Uber app, Uber Eats, Wedbush Securities, Carla Mozee, Q4, Getty Images Uber, Ride Hailing Apps, 4Q


Zillow rallies 14% after strong earnings beat - and analysts say the stock has further upside ahead

Rafael Henrique/SOPA Images/LightRocket via Getty Images Shares of Zillow jumped after the online real-estate site reported strong fourth quarter earnings. Zillow's $789 million Q4 revenue exceeded expectations, while the traffic to the site hit a record.Analysts expect the stock to jump as much as 45% higher than Wednesday's close. Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares of Zillow jumped 14% on Thursday after reporting strong fourth quarter earnings...
Tags: US, Trends, Markets, Zillow, Citi, Housing Boom, Wedbush, Wedbush Securities, US Housing Market, Zillow Earnings, Zillow stock, Emily Graffeo, Rafael Henrique SOPA Images LightRocket, Bloomberg Citi, Zillow stock price, Getty Images Shares of Zillow


GameStop nearly died in 2019. Now, hedge funds are scrambling to deal with the company's exploding stock. Here's what's going on.

Inside a GameStop store in Manhattan, New York City, on November 12, 2020. Carlo Allegri/Reuters The world's largest video game retailer has had a wild few years. As recently as this past summer, its stock value was in the gutter: Below $5 per share as of mid-August. Things started looking better in the second half of 2020 as game consoles launched, but the stock has exploded in recent weeks. It turns out that explosion has nothing to do with video games, GameStop, or the video game market...
Tags: Google, Gaming, Video Games, Entertainment, US, Trends, Reddit, Retail, Stocks, Stock, Hedge Funds, Gamestop, Michael Burry, Citron, Manhattan New York City, Wedbush Securities


More Companies Are Joining 'Tech Exodus' From California (slashdot)

This week Digital Reality data center services announced it was also relocating its headquarters from the San Francisco Bay Area to Texas, citing factors like a low cost of living and "supportive business climate". (Though it will still maintain a "significant" presence in the Bay Area.) And Align Technology (makers of the Invisalign orthodontic dental aligners) also announced it had relocated its global corporate headquarters from San Jose, California to Tempe, Arizona, citing a "favorable co...
Tags: Elon Musk, Shutterstock, Texas, News, Nbc, California, Nbc News, Austin, Shervin Pishevar, Miami, Silicon Valley, Houston, Denver, Palantir, Bay Area, San Francisco Bay Area