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What’s next for Tesla? Joining the S&P, says one analyst

“Um kept his rating on Tesla stock at the equivalent of buy with a $430 price target, among the highest on Wall Street” writes Claudia Assis for marketwatch.com. Even that missing part — consistent profitability — will arrive for Tesla TSLA, +1.51%  after the second quarter of 2019, Macquarie analyst Maynard Um wrote in a note.Analysts on average have a $321 price target on Tesla, which would represent downside of around 9% over Thursday’s share prices.Still, joining the S&P 500 SPX, -0.06%  would unleash a torrent of new money from…

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Exclusive: Bentley warns worst case no deal Brexit would hit profitability, investment

“Worst case, it’s quite damaging on our annual profitability so a full no deal Brexit would hurt us as a company, it would limit ability to invest.”” writes Midwest Communications Inc for 95kqds.com. “Best case, it’s an annoying impact on our annual profitability,” Hallmark told Reuters.LONDON (Reuters) – The boss of carmaker Bentley said failure to reach a Brexit deal would be “quite damaging” to annual profit in the worst case scenario, limit the company’s ability to invest and could lead to its plant closing for an additional few days.The…

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Tesla investors will be looking for one key thing when the company reports earnings

“Tesla scheduled its earnings release earlier than usual – most likely, because it is expecting to report a profit, Mainstay Capital Management strategist David Kudla said” writes Alexandria Sage for businessinsider.com. The chief question for investors will be whether Tesla is profitably building the new Model 3, which would mean that its earnings would rise as volume improves.If Tesla cuts capital expenditures, research and development on upcoming vehicles or new hiring, investors will ask whether that reflects improving efficiency or delay of necessary spending. Source: businessinsider.com Share This:

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J.P. Morgan profit and revenue beat estimates

“JPMorgan Chase & Co. said Friday that third-quarter profit rose as the bank’s consumer business helped it overcome weaker trading” writes Peter Rudegeair for marketwatch.com. The rise is largely revenue related, such as transaction cost and brokerage clearing in addition to performance incentives, she then said.Though an increase in rates can help the profitability of big consumer lenders like JPMorgan, they can also drag down mortgage banking revenue and force banks to pay more to depositors.The bank reported a profit of $8.38 billion, or $2.34 a share.Return on equity, a…

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Snap is gaining ground after leaked memo reveals CEO Evan Spiegel’s path to profitability

“Snap shares gained almost 3% Friday morning after CEO Evan Spiegel said in an internal memo that the company plans to reach profitability next year” writes Finanzen Net Gmbh for businessinsider.com. Snap shares gained almost 3% Friday morning after CEO Evan Spiegel said in an internal memo that the company plans to get profitable next year.The company plans to grow in new markets like India, Indonesia, Mexico, and Brazil. Snap shares were down 46% this year through Thursday.The memo comes after the Snap shares sank below $8 on Thursday for…

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Snap shares dip even after CEO Evan Spiegel targets profitability in 2019

“The struggling stock fell 0.7 percent Friday, adding to a year-to-date loss of about 47 percent” writes unknown author for cnbc.com. The stock hit a new all-time low following the Evercore note and fell to as low as $7.56 per share shortly before 1 p.m.The CEO also lamented the company’s recent app redesign, which drew outcry from users and contributed to the company’s first decline in daily active users in the last quarter.Snap shares slipped on Friday even after it was revealed that chief executive Evan Spiegel said in a…

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Leaked memo reveals Snap CEO Evan Spiegel plans to get profitable next year — and will make Snapchat itself way faster to get there

“The company will also need to improve ad measurement for advertisers to understand the value of their investment and increase the absolute number of advertisers on its platform, writes Spiegel” writes Finanzen Net Gmbh for businessinsider.com. Spiegel repeatedly emphasized the importance of Snapchat remaining the fastest way for people to communicate in order to build momentum in the company’s growth.The drive towards profitability was a major theme in the internal memo. Source: businessinsider.com Share This:

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Snap stock rises on CEO’s profit goals

“SNAP, -5.22% shares rose in the extended session Thursday after a memo from the chief executive that set a goal of profitability for the full year of 2019” writes Jeremy C for marketwatch.com. Snap stock gained more than 2% in after-hours trading, but has plunged 46% so far this year and closed Thursday at $7.80, less than half the stock’s $17 IPO price.In the long email celebrating the 7th anniversary of the launch of Snapchat, Spiegel acknowledged a difficult experience in redesigning the app in 2018, and established a priority…

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Deliveroo maps out path to profitability in show it is not for sale

“Deliveroo signalled it was not for sale as it revealed its margins were improving, addressing recent concerns over the viability of its business model” writes James Titcomb for telegraph.co.uk. Last year, when Deliveroo released its 2016 results, entrepreneur Luke Johnson had claimed Deliveroo did “not have a business model”, and warned that investors would “lose everything”.Deliveroo spent heavily on expansion over the year, with operating expenses rising by 73pc, causing its losses before tax to widen to £185m from £129m.However, revenue growth outpaced the rise in expenses, meaning Deliveroo’s gross margin…

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Tesla stock set to soar after surprise SEC settlement, hint of profitability from Musk

“Tesla plunged 14% on Friday on news of the SEC lawsuit, which alleged Musk misled investors over his tweet that said he was considering taking the company private” writes Markets Reporter for marketwatch.com. Tesla TSLA, -13.90%  jumped over 16% in thin, premarket trading, with investors absorbing the litany of potentially market-moving news.The 47-year-old tech luminary must also relinquish his chairman role and enlist two new independent directors at the company.As a part of the SEC regulatory settlement that harks back to Musk’s ill-fated tweet that he had “funding secured” for…

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