$KAR Wednesday, KAR Auction Services Inc. (NYSE:KAR) was reiterated as Buy and its price target was raised to 20 from 15 at SunTrust, noting that its Top-line and profitability activity levels are rebounding faster than expected. HeffX-LTN’s overall technical outlook for KAR is Bullish with a Very Bullish bias, as it broke out of the […]
$TRUE TrueCar Inc. (NASDAQ:TRUE) was raised to Buy from Neutral with a 5 price target at B Riley FBR. The stock finished + 10.02% at 3.17 Wednesday, and its consensus target price is at 3.49. My work shows that this stock broke out on Wednesday, 10 June and is headed towards 6.00 long term. The […]
Tuesday, Treasury Secretary Steven Mnuchin said he approved the creation of a new primary dealer credit facility to ease credit market disruptions caused by the coronavirus epidemic, resurrecting the 2nd Y 2008 financial crisis-era backstop in less than a day. The facility, managed by the Federal Reserve Bank of New York, will offer loans up […]
President Trump praised China for giving the death penalty to drug dealers. Answering a question about fentanyl crossing the US-Mexico border during a White House event Monday. President Trump invoked conversations he had with Chinese President Xi and his country’s crackdown on dealers of the powerful synthetic opioid. “I met with President Xi on the […]
$GS, $CME Goldman Sachs (NYSE:GS) economists said they are skeptical of “insurance” US interest rate decreases from the Fed to forestall possible slowing in US economic growth due to global trade tensions. A surprise escalation in trade tensions between Washington and Beijing since May, together with low inflation, have spurred bets among traders the Fed […]
$RACE In this column over the recent past, I have reported on Ferrari’s very strong profit margins, which average about 80,000/car. Ferrari is alone in the automotive world, as it reports adjusted earnings before interest, taxes, depreciation and amortization in the 25% to 30% range. These margins have been achieved by branding Ferrari as a […]
Expect VW (OTCMKT:VLKAY) to Be the Most Profitable Maker of Electric Cars $VLKAY, $F, $GM, $TSLA Friday, Volkswagen (OTCMKT:VLKAY) CEO Herbert Diess said he expected the multi-brand car-making group to be the most profitable manufacturer of EVs (electric cars) thanks to economies of scale. Even 1st generation vehicles, which start rolling off production lines next […]
Now is it is Tesla (NASDAQ:TSLA) Vs the Automotive World $TSLA, $VLKAY, $GM, $F The world’s giant automakers are planning big pushes into EV production, and none bigger than Volkswagen (OTCMKT:VLKAY) is coming up to challenge fledgling Tesla in its tiny 1 plant niche market. Ok, Tesla has sold about 500,000 cars worldwide, which accounts […]
President Trump’s Opioid Plan May Include Death Penalty for Drug Dealers The Trump Administration is considering using the death penalty to help combat the opioid epidemic that has spread across the nation. A White House plan being circulated this week includes capital punishment for certain drug dealers when people overdose on opioids. The proposal calls […]
A ‘Spy’s’ Look at Ferrari’s (NYSE:RACE) New 488 Sports Speciale $RACE “New V8 Sport Speciale Series.” Recently, Ferrari convened a gathering of dealers and special customers, and showed them some of the specs on that special, monstrous version of the Ferrari 488 that has been rumored for nearly a year. Someone in the audience snapped pics, and those pics […]
The Effects of the Shortened T+2 Settlement Cycle In March 2017, the United States Securities and Exchange Commission (the SEC) adopted amended Rule 15c6-1(a) which shortens the standard trade settlement cycle for most broker-dealer securities transactions from three business days (known as T+3) to two business days, (known as T+2). On Tuesday, September 5, 2017, […]
Activist Minister Al Sharpton Want More Blacks in the Legal Marijuana Business Black activist minister Al Sharpton reportedly believes the legal marijuana industry has “disproportionately excluded” Blacks “from business opportunities” and is calling for more diversity. The civil rights preacher, who heads the Harlem-based National Action Network, was the Keynote speaker at the Cannabis World […]