After announcing over the weekend on Twitter that it had produced 7,000 vehicles in a week, Tesla (NASDAQ:TSLA) shared more specifics about its vehicle production in a press release on Monday morning. The company said that it not only achieved its target Model 3 production rate of 5,000 units per week, but was also able to maintain a production rate for the Model S and Model X of nearly 2,000 vehicles during the same week.
In addition to confirming the weekly production rate that it ended the quarter with and its vehicle deliveries for the period, management gave investors some insight into the company's next production-rate target, its timeline for achieving profitability, demand for the Model 3, and more.
Here's what investors should know.
The view from the Model 3. Image source: Tesla.
Deliveries and production"Q2 production totaled 53,339 vehicles, a 55% increase from Q1, making it the most productive quarter in Tesla history by far," the company said in its press release on Monday morning. The sharp increase in production was driven entirely by the company's important Model 3. Of the 53,339 vehicles Tesla produced during the quarter, 28,578 were the Model 3. The rest -- 24,762 units -- were the Models S and X.
Top 5 Heal Care Stocks To Own Right Now: PAREXEL International Corporation(PRXL)
Advisors' Opinion:- [By Logan Wallace]
News headlines about PAREXEL International (NASDAQ:PRXL) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. PAREXEL International earned a news impact score of 0.18 on Accern’s scale. Accern also gave press coverage about the medical research company an impact score of 49.4978250148766 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Top 5 Heal Care Stocks To Own Right Now: Medley Capital Corporation(MCC)
Advisors' Opinion:- [By Joseph Griffin]
Get a free copy of the Zacks research report on Medley Capital (MCC)
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- [By Max Byerly]
Shares of Medley Capital Corp (NYSE:MCC) have been given a consensus rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $4.67.
- [By Max Byerly]
Shares of Medley Capital Corp (NYSE:MCC) have earned an average recommendation of “Hold” from the six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $4.67.
- [By Logan Wallace]
Moving Cloud Coin (CURRENCY:MCC) traded down 11% against the U.S. dollar during the one day period ending at 20:00 PM E.T. on September 10th. Moving Cloud Coin has a market capitalization of $0.00 and $1.70 million worth of Moving Cloud Coin was traded on exchanges in the last 24 hours. Over the last seven days, Moving Cloud Coin has traded 18% lower against the U.S. dollar. One Moving Cloud Coin coin can now be bought for $0.0189 or 0.00000300 BTC on popular cryptocurrency exchanges including DOBI trade, BCEX and CoinEgg.
Top 5 Heal Care Stocks To Own Right Now: SPDR S&P MidCap 400 ETF (MDY)
Advisors' Opinion:- [By Joseph Griffin]
Price Capital Management Inc. acquired a new stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 900 shares of the exchange traded fund’s stock, valued at approximately $320,000.
- [By Max Byerly]
Curbstone Financial Management Corp reduced its holdings in SPDR S&P MidCap 400 ETF (NYSEARCA:MDY) by 1.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,360 shares of the exchange traded fund’s stock after selling 800 shares during the quarter. SPDR S&P MidCap 400 ETF makes up 4.1% of Curbstone Financial Management Corp’s portfolio, making the stock its 2nd biggest holding. Curbstone Financial Management Corp owned approximately 0.07% of SPDR S&P MidCap 400 ETF worth $14,684,000 as of its most recent SEC filing.
- [By Joseph Griffin]
Round Table Services LLC increased its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 19.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,239 shares of the exchange traded fund’s stock after buying an additional 1,642 shares during the period. SPDR S&P MidCap 400 ETF Trust comprises approximately 1.2% of Round Table Services LLC’s holdings, making the stock its 20th largest position. Round Table Services LLC’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $3,635,000 at the end of the most recent quarter.
- [By Joseph Griffin]
Financial Advisory Group lifted its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 0.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,079 shares of the exchange traded fund’s stock after acquiring an additional 587 shares during the quarter. SPDR S&P MidCap 400 ETF Trust makes up approximately 8.9% of Financial Advisory Group’s portfolio, making the stock its 5th biggest position. Financial Advisory Group owned 0.16% of SPDR S&P MidCap 400 ETF Trust worth $33,836,000 at the end of the most recent reporting period.
- [By Logan Wallace]
Sei Investments Co. increased its position in shares of SPDR S&P MidCap 400 ETF (NYSEARCA:MDY) by 84.3% in the 1st quarter, Holdings Channel reports. The firm owned 1,686 shares of the exchange traded fund’s stock after purchasing an additional 771 shares during the quarter. Sei Investments Co.’s holdings in SPDR S&P MidCap 400 ETF were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.
- [By ]
Yet when it comes to investing, reward often comes from being willing to take on risk. Over the past 10 years, investors who've been willing to look at smaller companies have seen much stronger returns than those who've stuck with the tried-and-true big names that are more familiar to them. When you look at exchange-traded funds tracking indexes composed of companies of different sizes — SPDR S&P 500 (NYSEMKT: SPY) for large companies, SPDR S&P Midcap 400 (NYSEMKT: MDY) for midsize companies and SPDR S&P SmallCap 600 (NYSEMKT: SLY) for small companies — you can put a number on just how much better smaller stocks have done:
Top 5 Heal Care Stocks To Own Right Now: VALE S.A.(VALE)
Advisors' Opinion:- [By Logan Wallace]
ValuEngine downgraded shares of Vale (NYSE:VALE) from a hold rating to a sell rating in a report published on Tuesday.
A number of other analysts have also issued reports on VALE. Deutsche Bank set a $15.00 price target on shares of Vale and gave the stock a hold rating in a research report on Tuesday, October 2nd. Zacks Investment Research raised shares of Vale from a hold rating to a buy rating and set a $17.00 price target for the company in a research report on Monday, October 15th. Citigroup lowered shares of Vale from a buy rating to a neutral rating and set a $16.00 price target for the company. in a research report on Monday, October 29th. UBS Group raised shares of Vale from a sell rating to a neutral rating in a research report on Wednesday, October 31st. Finally, Barclays set a $16.00 price target on shares of Vale and gave the stock a buy rating in a research report on Saturday, December 8th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $14.88.
- [By Reuben Gregg Brewer]
The shares of Brazilian mining giant Vale (NYSE:VALE) fell 10% in January, according to data provided by S&P Global Market Intelligence. That drop was driven entirely by the tailings (mine waste) dam collapse at the company's Feijao Mine on Jan. 25.
- [By Neha Chamaria]
Wheaton first took the gold leap in 2013 when it struck an agreement with mining giant Vale (NYSE:VALE) to buy 25% of the gold produced from its Salobo mine in Brazil for the life of mine, as well as 70% of the gold produced from its Sudbury mines in Canada for a 20-year term. Wheaton paid $1.9 billion to Vale in addition to stock warrants for the deal.
- [By John Bromels, Rich Smith, and Tyler Crowe]
Late last month, a dam holding back mining tailings burst at one of the operations of Brazilian iron-ore mining giant Vale (NYSE:VALE). It was the second dam collapse in less than five years that caused catastrophic damage and killed several hundred people. As a result, Vale has elected to shutter several of its mines with similar tailings dams.
- [By Logan Wallace]
Brookfield Asset Management Inc. purchased a new position in shares of Vale SA (NYSE:VALE) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,493 shares of the basic materials company’s stock, valued at approximately $515,000.
Top 5 Heal Care Stocks To Own Right Now: Officemax Incorporated(OMX)
Advisors' Opinion:- [By Logan Wallace]
Shivom (CURRENCY:OMX) traded 3.2% higher against the US dollar during the 24-hour period ending at 23:00 PM E.T. on September 13th. One Shivom token can currently be purchased for about $0.0069 or 0.00000105 BTC on popular exchanges including Kucoin, CoinBene, Coinsuper and DDEX. During the last week, Shivom has traded 3.3% lower against the US dollar. Shivom has a total market capitalization of $3.93 million and $74,531.00 worth of Shivom was traded on exchanges in the last day.
- [By Logan Wallace]
Shivom (CURRENCY:OMX) traded down 12.7% against the U.S. dollar during the 24-hour period ending at 13:00 PM E.T. on September 26th. Shivom has a market cap of $3.56 million and approximately $42,709.00 worth of Shivom was traded on exchanges in the last day. In the last seven days, Shivom has traded down 8.3% against the U.S. dollar. One Shivom token can now be purchased for $0.0062 or 0.00000095 BTC on popular cryptocurrency exchanges including CoinBene, Kucoin, Coinsuper and IDEX.
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