With its earnings report coming up Aug. 5, Tesla Motors (TSLA) stock still hasn’t recovered from a failed breakout, though it is seeing a little support around its 50-day line. The electric car maker’s stock was looking likely to end the day up slightly, but it slipped a fraction after Tesla announced an incentive Wednesday. Tesla said it will offer a $1,000 discount on a new Model S or on service, for owners who recommend a Model S to a new
The Internet content industry group has lost some luster in the past year and a half. The group made a handsome gain from mid-2012 to early 2014, nearly doubling. That rise put it among the best performing of 197 groups that IBD tracks. Since then, it’s moved sideways, with key names among the 61 stocks in the group showing mixed results. As of Wednesday’s IBD, it was ranked No. 51. The No. 1 stock by Composite Rating was Facebook (FB), which
Amid heavy spending on new products, Facebook (FB) turned in better-than-expected earnings Wednesday after the market close, but shares erased regular-session gains. Facebook reported revenue of $4.04 billion, beating the consensus estimate of $3.99 billion, up 39% from the same quarter a year ago but its fifth quarter in a row of slower growth. Earnings per share minus items, as polled by Thomson Reuters, were 50 cents, beating the consensus by 3