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
Andy cohen joins us for a candid interview that could have hollywood and wall street talking. A wild day on the markets. Stocks surging 200 points before reversing lower triple digit and turning around and ending at a record high. At the center of the moves today, the dollar. Its crazy look at it its more of an interpreted chart but thats the dollar going lower and lower. The action today coming after conflicting signals from the Trump Administration the us what did clarify saying they believe in a free floating currency, which traders took as a bullish signed traders had only one question today. How low can it go. Is it about to go from tail wind to head wind for stock pete was that you in the video i to not do that. My knees. Okay. I think it has more to do with the velocity. The velocity of the moves though i think is what really matters what is really interesting is the volumes that weve seen so far this year. I was talking about that last week a little bit, too but it continues th
Here is what is most interesting. The defensive trades stood out as the biggest winners. Gold seeing the biggest quarterly gain in 30 years. Utilities up 9 . Telecom getting more than 15 . And the tlt rallying 8 for the quarter. So you stick with the winners. Do you stay defensive in q2, guys . I think the defensive nature is why people, specifically me maine still question the validly of this rally. Do you stay with those trades . I think you stay with certain things working. Home depot has been a monster. Cocacola has been a monster. Now were trading up against resistance. Gdx, for example, failed at levels we last saw at may of last year. Steve talks about xlu all the time that is also trading at levels that potentially are double top. So i think there are certain stocks that continue to work in terms of momentum. Some of the trades that have been defensive might be getting a little long in the tooth. You could take a look at the valuation, for instance, grasso on utilities. Utiliti
/PRNewswire/ Sugarlands Distilling Co., an award-winning craft distillery, along with the NFL s New Orleans Saints today announced a multiyear partnership.
/PRNewswire/ Sugarlands Distilling Co., an award-winning craft distillery, along with the NFL s New Orleans Saints today announced a multiyear partnership.