African republic a close ally of president putin has secured licenses for mining gold in guinea russian element in produce roussel is digging up bauxite and in zimbabwe russia wants to dig for platinum until now russias trade with africa was muted last year exports to imports from the entire continent well value that only 20000000000. 00 in comparison chinas trade volume was 10 times bigger as the more than 200000000000. 00. Africas largest trading partner of course that during that time was the European Union with nearly 340000000000. 00 of total trade russian officials have said that in the medium term they want to triple trade with african countries be helpful that russia is still seen as a partner with out heavy colonial baggage well at the russian african summit the russian government is hoping to seal some deals the w. Caught up with one of the companies presenting its products to potential investors at the forum in sochi to find out more. These flushes fight infections and medic
Chicago. Phil. Melissa, the reason the stock is shooting higher is because the adjusted eps is 1. 86 profit for the third quarter. And that is far above what most people were expecting. The expect aches, the consensus out on the street was for a loss of 42 cents a share. Revenue came in a little under expectations at 6. 30 billion the expect aches for 6. 33 billion in revenue and looking at the gross margins, 18. 7 is what most of the analyst were zeroing in on in terms of what the expectation was for the third quarter. Remember, many people believed as they were increasing model 3 deliveries, especially at the higher price point, that we might see higher gross margin process. Well the gap auto gross margin coming in at 22. 3 a couple much production notes, first of all, trial production has begun at shanghai plant preponderate remember ramping up production and deliveries in china into the end of the year the model y according to tesla ahead of schedule in the production beginning in
Earnings season when theres too much to keep track of and the action seems to stop making sense. The dow gained 46, the s p advanced and the nasdaq climbed up, you have every right to be extremely frustrated stocks that should be going up are going down stocks that should be down are going up human sacrifice, dogs and cats are living together, mass hysteria theres a method to that markets madness you need to understand it. Otherwise, youll have no idea whatsing if on whats going on a close investor is a bad investor so let me walk through some of the craziest examples. Im going to start with caterpillar. Caterpillar, the stock huge shortfall in response of course the stock correctly plunged 6 in Early Morning trading. Well, i thought it was a bit of an overreaction, nothing unusual about a stock going down in disappointing numbers is there its what happens next thats should we take our cue from this hard to explain. Cat down 6 and slowly rebounded. If you saw it near the low, this is a
And nasdaq gained. 18 , how do we keep track of everything . I know one way you shouldnt we dont look at some aggregate tally that tells you 42 of the companies have beaten estimates, or 24 have the guide down. Dont buy, dont buy no, these surveys are useless because who cares if a Company Beats or lowered estimates it doesnt tell us anything. No, no to find out what matters, we need to go company by company. Who doesnt even know that were in a tough environment because there business is in such good shape . Lets call that one a winner who is able to thrive . Who is struggling to hold their own in the worst economy in two years . s in trouble . Who is in much better shape than you expect thanks to savvy management these are the real questions, and you cant answer them like saying 47 , you got to do homework so let me give you the scorecard to date. Well start with the joyfully oblivious companies that are oblivious to all the slings and arrows on the economy worldwide, the ones that do
The only intelligent way to invest that is simply not true. After a roller coaster of a day where the dow dipped 40, nasdaq lost 0. 72 sell, sell, sell. Im going to prove to you ive said this before, ill repeat again, a low cost s p 500 index fund is a great way to get exposure to the greatest wealth of our time, the stock market. The bond market has been giving a pretty good run for the money. If you dont have much capital and trying to save for retirement put that money in an index fund imagine if i came out and said, hi, im jim cramer buy index funds. See you tomorrow i mean i guess i could do that but if i really believed in them and i do i think theres more to it if youve got some mad money, hence the show, to play with, or invest if youre mad at me about saying play, you can better returns as long as youre willing to do the homework plus when you nail a stock pick you get that joyous feeling of winning the lottery and this is rigged in your favor extra incentive rather than spend