Stock Market News Today, Dec. 27: U.S. stocks are yet again forging higher in this post-Christmas holiday. As of 10:30 a.m., the Dow Jones Industrial Average is up 22.5 points, or 0.14%, at 16,502.38. The Standard & Poor's 500 Index is up just 1.89 points, or 0.10%, at 1,843.91. The Nasdaq is up 2.70, or 0.06%, at 4,169.88.
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- Short Selling in 2013: Why These Billion-Dollar Bets Went Bad – And What's Ahead
- How Tesla Motors Managed to Beat the "Solyndra Syndrome"
- The Top Four Tech Stories That Keep Me Up Late At Night
- Stock Market Today: These Stocks Are Still on a Hot Streak
Tesla Motors Inc. (Nasdaq: TSLA) has seen a meteoric rise of 410% since the start of 2013, and the electric automaker is set to announce its third-quarter earnings tomorrow (Tuesday) after market close. TSLA climbed 8% today to $175.18 ahead of the report.
Analysts predict earnings of $0.11 per share for the electric automobile manufacturer. The California-based company suffered an earnings loss of $0.92 per share in the third quarter of 2012.
Short sellers got burned this year because they forgot these "golden rules" of investing...
If you looked at holdings of hedge fund barons William Ackman and David Einhorn at the start of 2013, it looked like 2013 was a year for short selling.
In December 2012, Ackman placed a $1 billion bet that Herbalife Ltd. (NYSE: HLF), which he calls "a pyramid scheme," would fail. Einhorn bet against Green Mountain Coffee Roasters Inc. (Nasdaq: GMCR) back in October 2011.
I drive a 1994 Geo Prizm, rusted and sputtering, that came from a factory near San Francisco that was owned by a GM-Toyota joint venture that eventually flopped.
The car's held up all these years, but other than that, there's not much good to say about it, and the company that built it didn't amount to much, either.
Like the financial markets, the world of technology is moving faster than ever. As I look back over the top tech news stories I covered in 2012, there are four that are so huge they actually keep me up at night. The impact of these breakthroughs could be huge – and so could their payoff...
- QE3 rally halted- After last week's Federal Reserve inspired surge where each U.S. market gained at least 2%, stocks opened lower Monday. The selling pressure might not last long though as investors are ready to profit off of the Fed's latest moves. "It looks like we need to take a small breather after the sizable rally that we've had," Randy Frederick, managing director of active trading and derivatives at Charles Schwab Corp., told Bloomberg News. "There's the potential for a small pull-back, but I think we will move back into the bull territory later in the week unless there's an unexpected negative news event."