Analysis-US companies adopt options strategies to shield euro revenues in case dollar recovers
Some U.S. companies are taking advantage of more attractive pricing in euro options to protect the revenues they expect from Europe against losses, fearing the common currency may have strengthened a … » Read more about: Analysis-US companies adopt options strategies to shield euro revenues in case dollar recovers »
Read MoreThe Burst
The Next BIG Stock Split After Alphabet Is…
In theory nothing changes when a stock split occurs but in reality more buyers can afford to scoop up shares and so prices often rise when demand increases. As a result, stock splits are often viewed as bullish signs, even though theoretically nothing in the company’s fundamentals have changed.
Recently, Alphabet split its shares 20:1 from over $2,200 per share to closer to $110 per share.
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Read MoreThe Ivy
Market Commentary: Is Musk Making a Massive Mistake?
Tesla reported record profits and production in the second quarter of 2023, but its stock price fell 11%. The company’s revenue increased 47% year-over-year to almost $25 billion, and delivered just shy of 900,000 vehicles. However, Tesla’s gross margin fell by almost 7% points from 25% in the previous quarter, due to price cuts.
Tesla CEO Elon Musk said that the company is “
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