Saudi Arabia Reduced Its Crude Oil Production in July $OIL, $USO NYMEX WTI Crude Oil -0.5% closed at 67.28 bbl (USO) 13 August 2018 OPEC released its monthly Oil Market Report Monday. Saudi Arabia did reduce Crude Oil production in July following preliminary reports last week, despite its agreement to raise output, following recent OPEC/NOPEC […]
Box Office: ‘The Meg’ Shark Movie Takes $44.5-M in US Debut $IMAX, $DIS, $VIA Warner Bros. shark film The Meg is its’ biggest North American box office opening YTD debuting to $96.8-M overseas for a global take of $141.3-M. Movie goers like Shark pics. The Meg beat all expectations in its domestic debut at the weekend […]
Key Events in the Life of Tesla (NASDAQ:TSLA) $TSLA Here are some of the key events in Tesla Inc’s (NASDAQ:TSLA) turbulent history as a public company. June 29, 2010 – Chief Executive Elon Musk and team ring the Nasdaq opening bell as Tesla becomes the 1st car company to go public in the United States […]
Tesla. Inc.’s (NASDAQ:TSLA) Has Major Trouble Inside Its New York Solar Plant $TSLA Tesla Inc’s (NASDAQ:TSLA) production of solar roof tiles is being delayed by assembly-line problems at its new publicly subsidized factory and difficulties producing a product that satisfies the aesthetic demands of CEO Elon Musk, 8 former and current employees of both companies […]
Box Office: ‘Mission: Impossible 6’ Wins the Weekend with $35-M $VIA, $DIS, $LGF, $FOX, $SNE, $CMCSA Christopher Robin’ opened to $25-M. ‘The Spy Who Dumped Me’ with $12.3, and Dinesh D’Souza’s doc ‘Death of a Nation’ took $2.3-M Paramount’s Mission: Impossible — Fallout fell just 43% in its 2nd outing to $35-M from 4,395 North American theaters […]
Musk Burns $739.5-M of Tesla’s (NSADAQ:TSLA) Cash to Record Q-2 Loss $TSLA Fledgling EV maker, Tesla, Inc, (NASDAQ:TSLA) burned $739.5-M in cash last Quarter, a company record $717.5-M net loss as it rolled out a few more electric cars. But CEO Elon Musk reiterated a promise to post net profits in Q’s 3 and 4 on […]
Pagani’s Zonda HP Barchetta is the World’s Most Expensive Production Car The extremely limited-edition Pagani Zonda HP Barchetta is priced at $17.5-M Just 3 examples of this Pagani Zonda HP Barchetta will be built. One is reserved for the company’s founder Horacio Pagani which he is already driving. The other 2 have been pre-sold. The […]
Elon Musk Tesla’s (NASDAQ:TSLA) ‘Rock Star’ Manager “Loosing Groopies” $TSLA The ‘Rentier’ EV firm has hit trouble, and Elon Musk must explain to investors what is going on there We all recall the last time Mr. Musk addressed the analysts who follow Tesla, his electric car company, he was very angry and rude. “Boring, boneheaded questions […]
US Industrial Production Driving Economy US industrial production increased in June, boosted by a sharp rebound in manufacturing and further gains in mining output, the latest sign of robust economic growth in Q-2. But, a strong USD and shortage of workers pose a risk to production, with factory surveys suggesting some strain in the supply […]
The US Will Soon Be the World’s #1 Crude Oil Producer $USO The EIA sees Crude Oil production climbing next year even with transportation bottlenecks in the country’s most prolific tight (shale) oil play. The Energy Information Administration (EIA) sees US Crude Oil output averaging 11.8-M BPD in Y 2019, up from its 11.76-M BPD […]
Tesla’s (NASDAQ:TSLA) M3 Production Numbers in Question $TSLA Former Tesla (NASDAQ:TSLA) employee Martin Tripp has filed a whistleblower complaint with the SEC in which he alleges the company lied about Model 3 production numbers and put unsafe batteries in its EVs. According to the report the complaint repeats claims Mr. Tripp had previously made to BI, […]
Lucapa’s Lulo Project Produced a Record Number of Unusual Diamonds $LCPDF Australia’s Lucapa Diamond (ASX:LOM,ORCMKT:LDCPF) said Thursday production at its 40%-owned prolific Lulo project, in Angola, rose 20% during the June quarter. Production at the mine, which has yielded massive diamonds this year, reached 5,058 carats during the three months to June, up from the 4,203 carats in […]
Tesla’s (NASDAQ:TSLA) Elon Musk Vs the Market and the Media $TSLA Tesla Inc(NASDAQ:TSLA) dove 13% Monday’s highs after the nascent EV maker released Q-2 production figures and weathered unflattering press tied to the departure of its chief engineer and the hurry up pains taken to achieve a hyped Quarterly rollover rate. CEO Elon Musk responded […]
President Trump to OPEC: “Reduce Pricing Now” $OIL, $USO President Donald Trump Wednesday called on OPEC to “reduce pricing now” because the cartel is “driving prices higher as the United States defends many of their members for very little” money. “This must be a 2-way street,” the President declared on Twitter: The OPEC Monopoly must […]
President Trump, Calls on Saudi Arabia to Increase Crude Oil Production $USO, $OIL “The price is too high, the King agreed.” President Donald Trump said this weekend that he had received assurances from King Salman of Saudi Arabia that the Kingdom will increase oil production, “maybe up to 2,000,000 barrels” in response to turmoil in […]
President Trump to Harley Davidson (NYSE:HOG), “Don’t play cute” $HOG President Donald Trump said Harley-Davidson Motorcycles Inc. (NYSE:HOG) risks losing customers if it shifts production overseas. “I think they’re going to take a big hit,” President Trump said in an interview with Maria Bartiromo taped on Friday and broadcast on Sunday. “Those are my voters,” […]
Tesla (NASDAQ:TSLA) Not Producing M3’s in Numbers Musk Says $TSLA Elon Musk is trying to build cars in tents! Tesla Inc. (NASDAQ:TSLA) is not producing enough Model 3s per shift to reach the 5,000/week target that CEO Elon Musk said it would reach by Saturday, 3 line workers at the company’s Fremont, California, assembly plant […]
METALLA ROYALTY & STREAMING LTD. (TSXV:MTA; OTCQX:MTAFF; Frankfurt:X9CP) $MTAFF, $SLV, $GLD Market Cap C$ 58-M, C$ 0.76/share METALLA’s PRODUCTION RESULTS AND GUIDANCE FOR FY 2018 & 2019 $MTAFF, $SLV, $GLD Metalla Royalty & Streaming Ltd. announced preliminary production results for the 12 months ended 31 May 2018 of 519,791 oz of attributable Silver, where 429,315 oz. were sold and provisionally invoiced and […]
US Gasoline Prices Falling $UGA, $USO The average price of a regular gallon of gasoline fell 6c over the past 2 weeks, to $2.95. That’s the 1st drop in nearly 4 months. Industry analyst Trilby Lundberg warns that the decline could be temporary. We do not see it, we see gasoline prices moving lower. Ms. […]
Saudis Pledge Crude Oil Supply Boost to Benefit Consumers $USO, $OIL The only country that can increase production is Saudi Arabia, so its interpretation of the deal is the 1 that matters. The Crude Oil is already on the water! Saudi Arabia promised to act decisively to keep Crude Oil prices under control, signaling a […]
Large Top Quality White Diamond Unearthed by Canada’s Mountain Province Diamonds $MPVD Mountain Province Diamonds (NASDAQ:MPVD) said last week it had found a 95-carat gem Diamond at its Gahcho Kué mine located in Canada’s Northwest Territories. It’s the largest gem quality diamond and the 4th biggest recovered from Gahcho Kué since production began just under 2 years ago. The […]
Crude Oil Prices Falling Even Though Supply is ‘Tight’ $USO, $OIL, $JPM Friday, Crude Oil prices fell as concerns about surging US output and falling demand in China weighed on the contract and JP Morgan (NYSE:JPM) cut its price forecast. ICE Brent Crude futures fell 66c to 76.66 bbl by 1:32 p.m. EDT [1732 GMT]. […]
Tesla’s (NASDAQ:TSLA) Under Fire, Struggling CEO Fighting for His Life $TSLA Tesla’s (NASDAQ:TSLA) Elon Musk opened the company’s annual shareholder meeting Tuesday emotionally on the verge of tears as he said he builds its EVs with care and affection that other automakers cannot match, adding that the company’s decent into ‘production Hell’ has been hard on him […]
Ferrari (NYSE:RACE) Watch Ferrari Build a 488 GTB $RACE Many people may think of Ferrari’s Maranello factory as team of masters artisans building each car car by hand. And, yes that was once the case, I was at the factory several times in the late 1960’s and watched that happen. Those days are gone. The Maranello […]
US Crude Oil Output Hits Record 10.47-M BPD in March $USO, $OIL US Crude Oil production rose 215,000 BPD to 10.47-M BPD in March, the highest on record, the Energy Information Administration (EIA) said in a monthly report Thursday. Production in Texas rose by 4% to almost 4.2-M BPD, a record high based on the data […]
America’s Factories Have Shifted into Higher Gear US factories ramped up production in late April and early May despite the talk of a global trade war, but soft consumer spending kept the economy growing at a moderate rate, the Fed reported Wednesday. In its periodic “Beige Book” summary of contacts with businesses in its 12 regional […]
Tesla (NASDAQ:TSLA) Sued for “Pump & Dump” Securities Fraud $TSLA Tesla (NASDAQ:TSLA) has petitioned a federal court in San Francisco to dismiss a securities fraud lawsuit filed by shareholders, which accuses the automaker of lying about its ability to mass produce the Model 3 sedan. The lawsuit, filed in October, alleges that Tesla released false […]
President Trump’s Tweet Set Stage for Expanding OPEC and non-OPEC Crude Oil Production $OIL, $USO Saudi Arabia’s signal to ease limits on Crude Oil production led to prices falling Friday after a 3-week rally, and OPEC cited an angry Tweet by President Donald Trump as the trigger. Saudi Arabia’s Minister of Energy Khalid al-Falih Tweeted: “I reiterated […]
Production ‘Hell’ Continues at Tesla (NASDAQ:TSLA) Factory to Shut for Fixes $TSLA Tesla Inc. (NASDAQ:TSLA) will halt production at its California factory for 6 days at the end of the May to work on fixes to its assembly line for its new M-3 sedan. The fledgling California EV maker previously warned of 10 days of […]
Tesla’s (NASDAQ:TSLA) Senior Management Team Ankling $TSLA, $GOOG Tesla (NASDAQ:TSLA) CEO Elon Musk declared he is “flattening the management structure to improve communication, combining functions where sensible and trimming activities that are not vital to the success of our mission” as part of a sweeping reorganization of his flagging EV manufacturing company. The revelation came […]
Box Office: “Avengers: Infinity War” Dominates Worldwide $DIS, $LGF, $VIA, $TWX Disney (NYSE:DIS) and Marvel’s Avengers: Infinity War continued to dominate the early Summer box office at the weekend, earning $112.5-M domestically from 4,474 theaters to score the 2nd-biggest 2nd frame outing ever as it topped the $1-B mark globally faster than any film in history. Overseas, […]
Box Office: “Avengers: Infinity War” Continues to Dominate $DIS, $LGF, $VIA, $TWX Disney (NYSE:DIS) and Marvel’s Avengers: Infinity War continued to dominate the early Summer box office at the weekend, earning $112.5-M domestically from 4,474 theaters to score the 2nd-biggest 2nd frame outing ever as it topped the $1-B mark globally faster than any film in history. Overseas, […]
Tesla (NASDAQ:TSLA) Market Sours on ‘Darling’ EV Maker $TSLA Tesla Inc’s (NASDAQ:TSLA) Elon Musk’s refusal to answer “boring” Wall Street analysts questions about the EV maker’s financial condition sent shares down as much as 7% Thursday and triggered concerns about its ability to raise money in the future. Tesla’s bonds followed the shares lower and, […]
Box Office: “Avengers: Infinity Wars” Debuts at $250-M, a Record High Domestic Open! $DIS, $IMAX, $VIA “Avengers: Infinity Wars” opened with a $250-M box office at the weekend and edging past “Star Wars: The Force Awakens” to set the highest opening weekend of all-time. “Infinity War,” brings together about 24 superheroes in the 10-year culmination […]
Tesla’s (NASDAQ:TSLA) CEO, Elon Musk to Employees… $TSLA For openers “First, congratulations are in order! We have now completed our 3rd full week of producing over 2000 Model 3 vehicles…. This is more than double Tesla’s weekly production rate last year and an amazing feat in the face of many challenges! It is extremely rare […]
Box Office: ‘A Quiet Place’ #1 in its 3rd Frame $TWX, $VIA, $FOX, $LGF, $CMCSA ‘A Quiet Place’ reclaimed the No. 1 spot in its 3rd weekend, as ‘Rampage’ became the weekend’s Top worldwide grosser. STX Entertainment’s I Feel Pretty, Amy Schumer’s latest DOA at $16.2-M from 3,440 locations at the domestic box office at the […]
Tesla’s (NASDAQ:TSLA) Elon Musk Deep in Production ‘Hell’ $TSLA In the automotive sector time is money, Mr. Musk seems to think he has lots of both, he does not! Tesla (NASDAQ:TSLA) has suspended its Model 3 assembly line in what the company was a planned production halt, the EV continues facing major production problems ramping […]
Box Office: Dwayne Johnson’s ‘Rampage’ Roars With $34.5-M Open $TWX, $IMAX, $VIA, $CMCSA, $FOX, $SNE Friday afternoon, pundits were saying that New Line’s Rampage appeared DOA at the US box office, with 1st projections suggesting the $120-M tentpole movie might not earn much more than $28-M in its launch. But hang on, thanks to the star power […]
Production ‘Hell’ Continues at Tesla (NASDAQ:TSLA) $TSLA, $F Tesla Inc.’s (NASDAQ:TSLA) Model 3 production ‘Hell’ delays are now being dubbed a “time shift,” by its CEO, Elon Musk. “You’ll definitely get your car,” Mr. Musk, 46 anni, said in a TV interview Thursday. “It’s a 6-9 month time shift. That’s literally it, and three of […]
Tesla (NASDAQ:TSLA) Under Heavy Pressure to Produce, Cannot $TSLA Shares of Tesla Inc. fell again Monday ahead of the electric car maker’s announcement of Quarterly production numbers for its crucial Model 3 sedan. Shares in Elon Musk’s $50-B venture have been reeling from 3X probes into a fatal crash in California, concerns about Model 3 production […]
Box Office: ‘Pacific Rim Uprising’ Beats ‘Black Panther’ $CMCSA, $DIS, $LGF, $VIA, $TWX, $SNE Wes Anderson’s ‘Isle of Dogs’ barks at the specialty box office. Legendary and Universal’s Pacific Rim Uprising dethrone Black Panther at the domestic box office upon opening to a mild $28-M from 2,850 theaters over the weekend. Overall revenue for the weekend was down 37% […]
Box Office: ‘Tomb Raider’ Falls to the ‘Black Panther’ $DIS, $LGF, $TWX, $FOX, $SNE The faith-based ‘I Can Only Imagine’ beats ‘A Wrinkle in Time’ and ‘Love, Simon.’ Black Panther continued to make history in its 5th outing at the domestic box office with a $27-M take becoming only the 7th film ever to cross the […]
Box Office: ‘Black Panther’ Holds Top Spot With $41-M $DIS, $AMZN, $TWX Guillermo del Toro’s ‘Shape of Water’ enjoys a post-Oscars revival. Ava DuVernay’s A Wrinkle in Time could not top Black Panther, as it opened to a soft $33.3-M from 3,980 theaters in North America over the weekend. Both Black Panther and A Wrinkle in Time have been lauded for their diversity. […]
Box Office: ‘Fifty Shades Freed’ Came with $137-M Global Open $CMCSA, $TWX, $SNE ‘Peter Rabbit’ opens to $25-M in US, Clint Eastwood’s ‘The 15:17 to Paris’ debuts to $12.6-M critics blocked the tracks. Universal’s Fifty Shades Freed grossed $136.9-M driving franchise past the $1-B mark in global box-office ticket sales go become 1 of the most profitable […]
Tesla (NASDAQ:TSLA) Burning Money, Posts Biggest Quarterly Loss Ever $TSLA, $GM, $F Wednesday, Tesla Inc. (NASDAQ:TSLA) said it has revised production targets for its Model 3 electric sedan, posting its worst-ever Quarterly loss, and warned that its spending would increase this year. Money-losing Tesla’s long-term ability to survive depends on annually selling billions of dollars […]
US Crude Oil Production Tops 10-M BPD $USO US Crude Oil stocks rose more than expected last week, while gasoline and distillate inventories fell, the Energy Information Administration (EIA) said Wednesday. US Crude Oil production rose 384,000 BPD in November to 10.038-BPD, the Energy Information Administration said in a monthly report Wednesday. The level was just […]
Tesla (NASDAQ:TSLA) the ‘Failures and Fury’ $TSLA Last Thursday, Tesla Inc (NASDAQ:TSLA) declared that it is on track to achieve its production targets for the Model 3, directly contradicting a report of further delays and quality issues for its latest and most-affordable sedan. Tesla’s problems with battery production at its Gigafactory in Sparks, Nevada, are […]
Box Office: ‘Jumanji’ Beats ’12 Strong,’ ‘Den of Thieves’ Takes $20-M $SNE, $TWX, $FOXA, $DIS ‘Jumanji: Welcome to the Jungle’ is now 1 of the Top-grossing Sony titles of all time in North America as it crosses $300-M domestically. Sony’s (NYSE:SNE) Jumanji: Welcome to the Jungle stayed on Top at the box office in its 5th frame, […]
Tesla (NASDAQ:TSLA) Misses Again as Cash Runs Out $TSLA Tesla fails to deliver again. Tesla management says they are a Quarter away from production goals, they are really light years away if ever. Last week, Tesla (NASDAQ:TSLA) pushed back a Key production target for its pivotal M-3 sedan again, raising Big Questions about whether the […]
Strong Earnings Growth to Drive S&P 500 in 2018 $SPY Wall Street’s analysts are calling for S&P 500 earnings to climb 12.3% in Y 2018, on top of 10.9% earnings growth expected for Y 2017. The energy industry is benefiting from lofty crude oil prices, while other companies are profiting from the continued slide in […]
Box Office: Global Expanded, Domestic Contracted in 2017 $DIS, $CMCSA, $TWX Revenue in North America for Y 2017 dipped 2.3%, but growth at the international box office resulted in a 3% uptick worldwide box. The performance of the Y 2017 worldwide box office was a roller-coaster ride. Attendance fell in North America to a likely […]
Tesla (NASDAQ:TSLA) Remains in ‘Manufacturing Hell’ $TSLA Tesla Inc. (NASDAQ:TSLA) is likely to deliver about 5,000 Model 3’s in Q-4, KeyBanc Capital Markets analysts said Wednesday, way below company’s estimate of 15,000 EVs. The numbers indicate that the EV may still not be out of its self-described “manufacturing hell” for the production of the $35,000 […]
Ferrari (NYSE:RACE) Will Increase Production Ahead of Schedule $RACE This small increase will come ahead of Ferrari’s releases its new FUV Ferrari (NYSE:RACE) is planning a small increase in production for Y 2018, upping it 7% to 9,000 cars per year, according our sources. That is an increase of about 600 cars compared to what Ferrari […]
Analyst says, “Tesla Headed for ‘Brick Wall’” $TSLA, $F, $VLKAY, $GM Tesla’s (NASDAQ:TSLA) biggest asset is its stock price. Tesla “is headed for a brick wall,” analyst/investor Jim Chanos said Wednesday. “Every Bull market has its poster children,” the President and Founder of hedge fund Kynikos Associates Ltd said at an event in Detroit. “Tesla is one […]
METALLA: RECORD QUARTERLY PRODUCTION, MONTHLY DIVIDEND, AND RAISED GUIDANCE $MTAFF Metalla Royalty & Streaming Ltd (CSE:MTA) (OTCQX:MTAFF) (FRANKFURT:X9CP) announces preliminary production results for the 3 months ended November 30, 2017 of 158,865 oz of Silver shipped and provisionally invoiced. In addition, Metalla held 25,906 oz of Silver of attributable inventory at the end of the Quarter, […]
Ferrari’s (NYSE:RACE) Luxury Supercar Demand Spikes $RACE Ferrari (NYSE:RACE) the Italian supercar maker plans to boost production by 2Xing assembly shifts to 2 a day in Y 2018 as deliveries are on pace to reach its 9,000-vehicle target a year earlier than schedule. The increase is part of CEO Sergio Marchionne’s, 65 anni, plan to […]
Tesla’s CEO Musk’s (NASDAQ:TSLA) Production Policy: ‘Build Fast, Fix Later’ $TSLA Tesla (NASDAQ:TSLA) is disputing workers’ portrayal of the EV maker as struggling to produce defect-free vehicles. A spokesperson has described a rigorous process that requires all cars to pass more than 500 inspections and tests. Any reworking of cars after assembly reflects the company’s […]
Thanksgiving Box Office: ‘Coco’ Takes ‘Justice League’ with $71.2-M $DIS, $TWX, $SNE Joe Wright’s Darkest Hour staring Gary Oldman opened to rave reviews in NYC and LA Pixar’s Coco is the latest title from the Disney (NYSE:DIS) animated empire to win the annual Thanksgiving box office, posting a 5-day debut of $71.2-M from 3,987 theaters to score […]
Musk’s ‘Production Hell” Burns Tesla’s (NASDAQ:TSLA) Cash a Record Pace $TSLA, $F, $RACE Elon Musk declared last week that he is designing a new sports car that could go from Zero to 60 mph in 1.9 secs signaling that he now want to compete with the world’s #1 automotive brand, Ferrari (NYSE:RACE) The hypemiester CEO […]
Box Office: ‘Justice League’ Opens Soft, ‘Wonder’ Stole the Thunder $TWX, $LFG, $VIA, $SNE The Superhero collapse is a major blow for the DC Extended Universe in North America, though it pulled in $185.5-M overseas for a global launch of $281.5-M. A small feel-good movie named Wonder stole the thunder with $27.1-M after galvanizing elementary school kids […]
Tesla (NASDAQ:TSLA) the “BB” of EV’s $TSLA Note: Building Cars is Hard It wasn’t that long ago that the idea of a semi-autonomous, or even an electric car driving on public roads was incredibly far-fetched. Sure, there were hybrids from companies like Toyota and Honda, but nothing that anyone with a straight face would call […]
Tesla’s (NASDAQ:TSLA) Serious Build Quality Exposed $TSLA There are lots of reason why I do not like Tesla, the company and its founder, hypemeister Elon Musk, but a lot of people applaud Musk and the EV he is attempting to build with major US taxpayer subsidies in a world of cheap gasoline. Notably, the company spearheaded […]
Tesla’s (NASDAQ:TLSA) Driving Deeper into “Production Hell” $RACE Battery Engineering Falling Apart Tesla Inc.’s (NASDAQ:TSLA) Director of Battery Engineering, Jon Wagner has left the EV manufacturer driving the rentier business deeper into ‘Production Hell”. According to Mr. Wagner’s LinkedIn page, he is launching a battery and powertrain startup of his own in California. The timeline […]
Tesla’s (NASDAQ:TSLA) Elon Musk Camping Out in “Production Hell” $TSLA Each time Tesla’s (NASDAQ:TSLA) Elon Musk opens his mouth or sends a shareholder letter it proves that he is a hypmeister for his failing rentier companies. Last Wednesday, when Mr. Musk took questions from Wall Street analysts during Tesla’s grim Q-3 financial results conference call […]
Tesla (NASDAQ:TSLA) Tax Credit Axed in GOP Tax Bill, Stock Crashes $TSLA Thursday, Tesla Inc. (NASDAQ:TSLA), and other carmakers pushing to boost US EV (electric car) sales were dealt a sever blow by US House Republicans who proposed eliminating a $7,500 per vehicle tax credit that has helped drive current demand for the micro segment […]
Tesla’s (NASDAQ:TSLA) M-3 Delayed, Cash Burns, Biggest Q Loss Ever $TSLA Tesla, a Waterfall of Misses TSLA shares down nearly 6% and falling pre-market in NY, as the Quarterly loss was bigger than any analyst expected. Tesla (NASDAQ:TSLA) posted a net loss of $619.4-M, or 3.70/share, for Q-3 ended 30 September compared with a profit […]
Tesla’s (NASDAQ:TSLA) Waterfall of Misses… $TSLA Production layoffs in Q-3, reports of hand assembly and Model 3 scaling concerns justified UBS’s Bearishness on Tesla Inc (NASDAQ:TSLA). Considering Tesla’s continuing announced production misses, compounded by a decrease in Zero-emission vehicle credits and lower Model S and X margins, UBS expects a Q-3 gross margins hit to cut sequential EPS […]
Box Office: Boo 2! A Madea Halloween Scared up $21.7-M $LGF, $TWX, $SNE, $VIA, $CMCSA ‘Geostorm’ and ‘Only the Brave’ DOA at Domestic Box Office Lionsgate (NYSE:LGF) and Tyler Perry’s Boo 2! A Madea Halloween had no trouble scaring up a #1 finish in its big-screen debut over the weekend with $21.7-M from 2,388 theaters. The biggest box […]
Box Office: ‘Happy Death Day’ Kills ‘Blade Runner’ With $26-M Open $SNE, $CMCSA, $FOX Jackie Chan’s ‘The Foreigner,’ ‘Marshall,’ and ‘Professor Marston and the Wonder Women’ opened the Friday the 13th weekend alongside the horror film. In another win for the horror genre, the film is killin off the competition at the domestic box office for […]
Tesla, Inc. (NASDAQ:TSLA) ‘Deep in Production Hell’ Sacks 700 Workers $TSLA Tesla Inc. (NASDAQ:TSLA) has sacked up to 700 employees following a series of so-called performance evaluations. The firings are part of an annual review, CEO Elon Musk’s Palo Alto, California-based company said in an e-Mail. The maker of Models S and 3 this week dismissed […]
Box Office: ‘Blade Runner 2049’ Opens Light With $31.5-M $SNE, $TWX, $FOX, $LGF, $HAS, $FDX Strong reviews plus an A-CinemaScore, had director Denis Villeneuve’s Blade Runner 2049 sequel placing #1 on a soft movie-going weekend The follow-up to Ridley Scott’s Y 1982 cult classic grossed $31.5-M from 4,058 theaters, a soft start for a movie that cost […]
Tesla (NASDAQ:TSLA) Model 3 in ‘Production Hell’ $TSLA In response to a Tesla customer asking if he would get his car delivered this year, Mr. Musk tweeted, “December will be a big month, so probably, but it is impossible to be certain right now.” Friday, Tesla Inc’s (NASDAQ:TSLA) CEO Elon Musk pushed back the unveiling of […]
Tesla Inc (NASDAQ:TSLA) M-3 Production Target Missed $TSLA Tesla Inc (NASDAQ:TSLA) has fallen short of its Q-3 Y 2017 production goals for its Model 3 sedan. During the Quarter, the company delivered 220 Model 3’s and produced 260, missing the production target of 1,500. Tesla is no stranger to missed forecasting. The company had previously just guided for […]
Analysts Warn Tesla (NASDAQ:TSLA) May Never Be Profitable $TSLA, $GM, $VLKAY Shares of Tesla (NASDAQ:TSLA) fell from record highs Tuesday after an analyst warned that the electric car maker may take longer than expected to become profitable (if ever) Jefferies analyst Philippe Houchois launched coverage of Tesla with an “underperform” rating, helping send shares of […]
Stocks Mark Record Highs, as US Industrial Production Fell Most in 8 Years $DIA, $SPY, $QQQ, $VXX US stocks ticked up Friday running to record highs on the week, as The Trump Rally extends. The Dow (+0.3%) advanced to a new-all time high again, as did the S&P 500 (+0.2%), which settled right at of […]
US Factory Output Declines on Slowing Auto Production A slump in motor vehicle production pushed down US factory output unexpectedly in July, Federal Reserve data showed Thursday. Highlights of Industrial Production (July) Factory output dropped 0.1% (est. 0.2% gainer) after 0.2% gainer Total industrial production, which also includes mines and utilities, increased 0.2% (est. 0.3% […]
Tesla (NASDAQ:TSLA) Analysts Say Sell $TSLA Tesla’s (NASDAQ:TSLA) shares have soared this year, but some analysts have been-are-remain unconvinced citing the risk of typical production delays and competitive challenges as the basic for the Sell calls. Pick a time frame, almost any time frame, and Tesla is probably outperforming the market. The Big Q: Can […]
China’s Money/Hollywood Tie-up, is it Over? $VIA, $AMC, $BABA Billions of USDs have been thrown into question as Chinese regulators crack down on overseas investments, Paramount’s, a unit of Viacon (NYSE:VIA), backer skips a payment, and both President Trump and some Democrats have taken a protectionist stance. For almost 5 years, Hollywood has been bolstered […]
Doubt Cast on Tesla’s (NASDAQ:TSLA) Production Capabilities $TSLA, $AXL, $F, $GM, $MGA, $DLPH, $BWA, $RACE The world’s top auto-parts suppliers do not buy the enthusiasm about the EV hyped by Tesla’s (NASDAQ:TSLA) hypemeister CEO Elon Musk. Executives at 5 of the 25 biggest suppliers to automakers in North America have all downplayed this month expectations […]
OPEC Crude Oil Production Rises Above Its Output Ceiling $OIL, $USO Crude Oil production across all OPEC countries rose again in July, to above the marks the cartel had agreed would be the upper limit, and above the estimated level of global demand. OPEC said Thursday in a market report that its countries’ production rose […]
Tesla (NASDAQ:TSLA) Needs Lots of Cash to Produce M-3 $TSLA Tesla (NASDAQ:TSLA) is going to the Junk Bond market to borrow another $1.5-B to fund production of its new Model 3 sedan. The EV (electric vehicle) and clean energy company has raised cash in 4 of the last 5 Quarters, while it continues to struggle […]
Box Office:’The Dark Tower’ Tops, ‘Detroit’ DOA $SNE, $CMCSA, $FOX Overall, moviegoers ignored the new box-office offerings this weekend. Sony’s (NYSE:SNE) The Dark Tower based on Stephen King’s fantasy novel series topped at # 1 with $19.5-M in North America Detroit, the latest film from Oscar-winning director Kathryn Bigelow, came DOA, grossing a mere $7.25-M at […]
Tesla’s (NASDAQ:TSLA) Losses Mount as Claims Broaden $TSLA Wednesday, Tesla’s (NASDAQ:TSLA) CEO Elon Musk, pulled back on estimates of Model 3 reservations, even as the company reported stronger than expected losing results. The fledgling EV maker continues to lose money, although it cited growing excitement and profit margins for its vehicles. Tesla reported a real […]
Ferrari (NYSE:RACE) Confirms an FUV Under Consideration $RACE Ferrari (NYSE:RACE) Chairman Sergio Marchionne has confirmed the Italian firm is looking at a high-performance vehicle (FUV) that offers some utility. If the vehicle is given the Green Light, may see it around Y 2021. Ferrari has not made a final ruling on an FUV, but expect […]
Tesla’s (NASDAQ:TSLA) Stock Reissued a “Sell” Rating $TSLA, $GM, $VLKAY Tesla Inc. (NASDAQ:TSLA)’s stock had its “Sell” rating reissued by analysts at UBS AG in a report released Wednesday. According to Balance Sheet of TSLA, total cash on most recent Quarter is 4.01-B. “Bans of gas and diesel vehicles in Europe are on the distant […]
Box Office: ‘Dunkirk’ debuts at $50.5-M, ‘Valerian’ Bombs DOA $TWX, $IMAX, $CMCSA, $AMZN Director Christopher Nolan’s Dunkirk saw a better-than-expected $50.5-M domestic debut, the best opening in recent memory for a World War II film and a testament to nothing notable on the bills. Overseas, the film impressed, earning $55.4-M from its 1st 46 markets […]
Box Office: ‘War for the Planet of the Apes’ Opens to $56.5-M $FOX, $SNE, $CMCSA, $TWX Hollywood continues to battles sequel fatigue as War for the Planet of the Apes at the North American box office, but winning the weekend with an estimated $56.5-M from 4,022 theaters. ‘Wish Upon’ DoA, while ‘The Big Sick’ placed #5 in […]
Tesla (NASDAQ:TSLA) Sales Decline, Production “Snafus” Persist $TSLA Tesla (NASDAQ:TSLA) deliveries flat on continuing production Snafus. Hypemister Elon Musk’s targets will not happen on time, what’s new? The “rentier’” EV maker has reported Q-by-Q shipment declines for the 2nd time in the past year. This may signal that demand has peaked, casting doubt on whether […]
President Trump Champions US Energy Dominance $USO, $UNG, $SRE Thursday, The Trump Administration said Thursday it is taking steps to expand Crude Oil drilling in the Arctic and Atlantic oceans as President Donald Trump continues to push for US “energy dominance” in the global market. The Interior Department is rewriting a 5-year drilling plan established […]
See WTI Crude Oil Price Falling to $30 bbl or Lower $USO, $OIL Experts, including me are warning that Crude Oil prices might continue to decline, and could revisit Y 2016 lows and then some. “Oil is in a downtrend and risks trending into the 30’s,” said a technical strategist at Bank of America Merrill […]
Box Office: ‘Wonder Woman’ Opens to a Wonderful $100.5-M $TWX, $IMAX $DWA, $FOX, $CMCSA, $VIA Wonder Woman posted the Top North American film debut of all time for a female director, and launches the 1st major studio film franchise featuring a female superhero; overseas, the movie took in $122.5-M for a $223-M global debut. Patty Jenkins’ Wonder Woman grossed […]
Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New.PE Gold at 1270.00 has risen to test the resistance area at 1275-85. The price action here will determine by the next week if a major Bearish reversal is seen from the current levels or another rally to 1295-1300 before a […]
Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Overall mostly all commodities look Bearish near term and could move lower in the next few sessions.PE Gold at 1259.74 may fall in the near term, as resistance near 1275-1280 looks to be holding well now. A fall towards 1240 or lower to […]
Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1270 moved up given that the support at 1248 has held, now some more rise towards 1275-80 is possible. Near term, the market seems to be trading in a 1248-80 range, and the medium term range is now […]
Box Office: ‘Pirates 5’ Nabs $77-M in US, ‘Baywatch’ Drowns with $23-M $DIS, $VIA, $FOX, $CMCSA, $TWX Memorial Day revenue at the North American box office posted to its lowest marks in almost 20 years. Overseas, ‘Pirates of the Caribbean: Dead Men Tell No Tales’ from Disney (NYSE:DIS) posted a $208.4-M debut. Pirates of the […]
Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: Nothing New. PE Gold at 1256, and if 1249 holds on a closing basis then sideways consolidation within 1249-1280 will continue. So, keep a close watch on the price action in The US Dollar (.DXY) Index, which could give us a cue on […]
Crude Oil Price Dives on OPEC Production Cuts $OIL, $USO The latest on OPEC’s talks on extending its production cut agreement The price of Crude Oil is down after OPEC and other nations said they had agreed to extend their production cuts for another 9 months. Thursday, WTI Crude Oil -5.55% to 48.51 bbl There is […]
Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: The US Dollar (.DXY) Index had failed to hold it’s gain above 97. PE Gold at 1257 and Silver at 17.19 are trading above their Key support at 1247 and 16.93. Would like to be on sell side while Gold is trading below […]
Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: The US Dollar (.DXY) Index at 96.78 is still on course towards 96 with no sign of strength yet. PE Gold at 1252 did not above 1260, and fell towards its Key support of 1249, which could be a level where the price […]
Gold, Silver, Copper and Crude Oil Briefing $GLD, $SLV, $CU, $USO, $OIL Commentary: The US Dollar (.DXY) Index at 96.78 is on course towards 96 with no sign of strength yet. Bullion strengthened against USD Monday. PE Gold at 1262, and Silver at 17.16 are trading above their Key supports at 1247 and 16.93 and trading […]