elon musk

Summary:

  • Musk plans to cut Tesla workforce by 10%

Tesla Stock fell on Friday

On Friday the Tesla share price fell in the wake of Musk announcing plans to cut the electric-vehicle giant's workforce by 10% amidst having a “super bad feeling” about the economy. Causing the stock price to drop by 7.8% on Friday.

Reports showed that Musk ordered a hiring freeze for Tesla across the globe, and believes it is necessary to reduce his workforce by 10%. Musk is not alone in his belief that a recession could become a reality, however, the influence Musk has is strong, and often recessions that are consumer-led can be self-fulfilled.

Elon Musk Plans To Cut Tesla (TSLA) Workforce Due To “Super Bad Feeling” About The Economy - 1 TSLA Stock Price

Sources: finance.yahoo.com, fool.com, investors.com

US manufacturing order books and inflation pressures are softening

Fluctuations Of Crowdstrike, Apple (APPL) To Rise Again, Elon Musk Makes Other Twitter Shareholder Angry

Saxo Bank Saxo Bank 13.04.2022 11:25
Equities 2022-04-13 05:30 6 minutes to read Summary:   Crowdstrike shares surge putting cybersecurity in the limelight. Apple and BHP poised to announce share buy backs, which will support further share price growth. Oil rocks back over US$100 lifting oil stocks in New York and Australia. A Twitter shareholder sues Elon Musk for allegedly committing fraud. Iron ore and aluminium are back in vouge, boosting Rio Tinto shares. US defaults to double according to S&P Global. New Zealand makes its biggest increase in interest rates in 22-years. Co-written by Market Strategists Jessica Amir in Australia, Redmond Wong in Hong Kong. What’s happening in equites that you need to know? US stocks fell for the third day. The S&P 500 (US500.I) and the Nasdaq 100 (USNAS100.I) lost 0.3%. As always, there were bright sparks at the stock level. The world’s biggest cybersecurity company, Crowdstrike (CRWD) rose 3.2% to US$223.51 (its highest level since November last year), after Goldman Sachs upgraded the stock to a buy. We’ve previously mentioned Crowdstrike as a stock to watch. It makes 94% of its money from subscriptions, and we like businesses like these, given they are set to benefit from elevated demand to address cyberattack fears. The market also likes Crowdstrike with 93% of analysts rating the stock as a BUY. Goldman Sachs expects Crowdstrike’s shares to rise to $285 in a year. Also in MegaCaps, Apple (AAPL) shares jumped over 1% after whispers that Apple could announce a buyback of US$80-$90 billion (and buy backs support share price growth). Hang Seng Index (HSI.I) and CSI300 (000300.I) are little changed. Hang Seng Tech (HSTECH.I) was up 0.6%.  Energy and mining stocks outperformed.  Zijin Mining (02899) surged 7%.  Jiangxi Copper (00358), China Molybdenum (03993), MMG (0128) rose more than 5%.  CNOOC (00883) rallied 4% and China Coal was up from the 6%.  In A shares, logistics names outperformed while real estates, airlines, online entertainment led declines.  Twitter (TWTR) shareholders sue Elon Musk (TSLA CEO). A Twitter, shareholder sued Elon Musk for allegedly committing fraud by delaying the disclosure of his ownership of more than 5% of Twitter, so Musk could buy more shares at a cheaper price. The investor said Musk should  have disclosed his holding by March 24, instead of April 1. Twitter shares rose 27%, from $39.31 on April 1, to $49.97 on April 4. Twitter shareholder, Marc Bain Rasella is also looking to represent a class of investors who sold Twitter shares from March 24 to April 1. Crude oil (OILUKJUN22 & OILUSMAY22) jumps 6% to $101, ... ...as OPEC said the obvious, that’s it’s impossible to replace supply losses from Russia, while China also hints of restrictions easing. This supports gains in oil stocks in the US overnight and in Australia today.  The Australia share market more (ASX200) rose 0.2% by 1pm local time with energy and mining stocks fueling the market higher. Also of note, Rio Tinto (RIO) rose 2.2% after the aluminium and iron ore price extended their rebound. Both prices are important to Rio as it makes 58% of its revenue from iron ore and 22% from aluminium . Also consider demand for aluminium  is expected to grow with company’s like Apple and Nestle's Nespresso to use more of the material to reduce CO2 emissions. Iron ore (SCOA) rebounded yesterday rising 2.5%, but today it’s about 0.9% lower, but holds 8-month highs, at US$154.25. It comes as China again pledged to stabilise its economy and this brightened the outlook for steelmaking ingredient. BHP (BHP) shares are holding at $51.71, and remain in their long term uptrend. So it's worth keeping an eye on BHP. BHP is also touted to annouce a record profit this year and a share buy back, which also supports share price growth. What you need to consider US defaults to double according to S&P Global.  S&P Global Rating anticipates the US’s default rate will swell from the current 1.5%, to 3% by year-end, amid financial conditions tightening. In China, the S&P Global Ratings expects more property developer defaults, with $18 billion in maturing debt and the likelihood of home sales falling 15-20%. Inflation is uncomfortably high.  March CPI hit 8.5% year-on-year. The hottest inflation since 1981. Core CPI moderated a bit, mostly due to a cooling of oil prices, and rose 6.5%. This is still the highest rate since 1982. The largest prices rises were in; fuel oil (70%), gas (48%), used cars (35%), hotels (29%), airfares (24%) and utility gas (22%) on a year on year basis. See the full list here (scrolling to pdf page 9). Simply this tells us, the US Federal Reserve is behind in fighting inflation, so expect a 0.5% interest rate hike at the May FOMC meeting, with rates to hit 2.6% at the end the year. In RMB terms, March China exports rose 12.9% while imports fell 1.7%.  In USD terms, March exports climbed 14.7% from a year ago and imports declined 0.1%. Trade surplus increased to USD47.4 billion (vs consensus $21.7bln, Feb $30.6bln). New Zealand makes its biggest increase in interest rates in 22-years,  while also announcing quarantine free travel. The RBNZ increased interest rates by 0.5% to 1.5%. The surprise caused the New Zealand stock market to fall 0.4% with their tech stocks falling 1.4%. However, as NZ announced quarantine-free travel, the travel industry got a kick, Auckland International Airport (AIA) shares rose 1.1% higher. Trading ideas to consider Aussie dollar and Kiwi ‘up and at em’, amid travel boost.  The Australian dollar (AUDUSD) is back in vogue, rising for the second day, after Australian business confidence rose to its highest level in 5 months. While the NZ dollar (NZDUSD) also rallied for the second day, heading toward 0.69 US. It’s worth watching these two currencies as travel takes off as well between the two nations. Travel stocks.  Air stocks like Air New Zealand (AIZ) and Auckland International Airport (AIA), and Qantas (QAN), Singapore Airlines (SIAL), China Eastern Airlines (CEA) could be worth watching as they have not recovered from the covid falls in 2020. If China restrictions ease and tourism reopens, it’s worth keeping these on your radar. For a global look at markets – tune into our Podcast 
(TWTR) Twitter Stock News and Forecast: What is a poison pill for TWTR stock?

(TWTR) Twitter Stock News and Forecast: What is a poison pill for TWTR stock?

FXStreet News FXStreet News 19.04.2022 16:36
Summary: Twitter stock rose over 7% on Monday to $48.45. Elon Musk previously tabled a $54.20 bid for TWTR. Twitter rejected Musk's offer and adopted a poison pill defense. Twitter (TWTR) stock rallied sharply on Monday as speculation intensified over potential bidders for the company. Latest reports show the company appears to definitely be in play with multiple suitors lined up to challenge Musk's bid. If you have been living under a rock, Elon Musk unveiled a 9.2% stake in Twitter only a couple of weeks ago. The Twitter board offered Musk a seat, which he rejected. This was likely an attempt at a "keep your enemy closer" strategy as board members cannot launch a takeover bid for the company. The rejection put Twitter in play, and subsequently Elon Musk offered to buy the remainder of TWTR stock for $54.20 in cash. He stated it was his final offer. Article on Crypto: Altcoins Showing Promising Growth - Take a Look at Solana (SOL), POLKADOT (DOT) and SHIBA INU (SHIB-USD)| FXMAG.COM Twitter Stock News Twitter apparently decided to fight Elon Musk's offer using what is known as a poison pill mechanism. Just what is a poison pill? Basically, it is akin to money printing – companies just print new shares to defend themselves. This puts more shares in play, meaning any potential buyer is diluted. A poison pill means that all shareholders except Elon Musk can buy shares in a discounted issue. Elon Musk's stake would be diluted while other holders get the chance to maintain their holding. In this case, Twitter has set the level at 15%. It can begin issuing shares if Musk goes over this threshold. Silver Lake reportedly was involved in 2018 when Elon Musk was planning to take Tesla private Musk may be about to face competition in his quest to land Twitter if the latest reports are to be believed. Apollo Global is reportedly interested in some form of participation in the deal, according to The Wall Street Journal. The WSJ article elaborated that Apollo Global could be in line to provide financing for the deal. Whether that is to Musk or another bidder remains to be seen. The New York Post said in an article on April 15 that Musk was speaking to investors that could partner with him on any deal for Twitter. Musk has a large fortune, but it is largely due to his Tesla holding. So to pay up for Twitter he could sell some of his Tesla shares or seek financing from private equity or Wall Street Investment Banks. The New York Post article mentions Silver Lake as a potential partner. Silver Lake reportedly was involved in 2018 when Elon Musk was planning to take Tesla private. Back in 2018 was the origin of the "funding secured" tweet, which ended up with a slap on the wrist from the Securities & Exchange Commission and a Twitter check for Elon's future tweets. Read next: (UKOIL) Brent Crude Oil Spikes to Highest Price For April, (NGAS) Natural Gas Hitting Pre-2008 Prices, Cotton Planting Has Begun There has also been talk that Thomas Bravo will enter the bidding. Thomas Bravo is a private equity firm and is looking at possibilities, according to Bloomberg and Reuters. Twitter Stock Forecast The spike from the initial announcement brought Twitter naturally up to Elon Musk's offer price at $54.20. Interestingly the price has never breached this level, meaning the market is not very confident that another buyer will emerge. It is not unusual for a stock to trade higher than a proposed takeover offer if the market believes other bidders will emerge. What we are witnessing here is the market's lack of confidence in Elon Musk getting his bid through as there are question marks over how he raises the cash. Twitter naturally went overbought on both Money Flow Index (MFI) and the Relative Strength Index (RSI) when the stock spiked. Now, these are back at normal levels. The stock remains in a classic downtrend, but short-term news flow will generate plenty of volatility, so traders need to keep aware of this. Twitter (TWTR) stock chart, daily
FX: EUR/USD And GBP/USD - Powell And Lagarde May Affect These FX Pairs Today. How Is USD/JPY Doing?

(KO) Coca-Cola Earnings Posted Exceeding Expectations, Elon Musk’s Target on Twitter (TWTR) Coming To Life!?

Rebecca Duthie Rebecca Duthie 25.04.2022 17:02
Summary: Coca-Cola’s earnings beat analyst expectations. The deal between Twitter and Elon Musk is coming to life. The earnings report posted earlier today by Coca-Cola exceeded investor and market expectations. These favorable earnings came despite their Russian business suspension, they managed to meet their full-year outlook for organic revenue and comparable EPS growth. The growth seemed to come mainly from increased demand for powerade and Costa coffee. The price increase also came despite the increase in inflation and in costs such as aluminum, high fructose corn syrup and plastic. The future of Coca-Cola’s stock price is uncertain, it may have managed to weather the inflation and market volatility storms for now, but we may not see the same growth in the next quarter. Coca-Cola's Price Chart Read next: Netflix Crashing!? Netflix Stock Price (NFLX) Falls More Than 35%? Subscribers Fled!  Elon Musk and Twitter: It Is evident that the deal originally thought to be improbable, has come to life. The price of twitter has increased by more than 3% since the market opened this morning. On Sunday the Twitter board met with Elon Musk to discuss in detail his offer to buy Twitter, there are rumors circling saying that the market could see an agreement go through as soon as Monday (today) between the richest man in the world and the very influential social networking service. As a result of this new information (which has not been fully confirmed), the stock price of Twitter opened at 4% higher than its closing on Friday. Twitter Price Chart Read next: (TSLA) Tesla And Elon Musk Continue to Outperform the Market! What About Elon Musk-Twitter Negotiations' (TWTR) Influence?   Sources: investing.com, cnbc.com, Finance.yahoo.com,
Analysis and trading tips for GBP/USD on June 22

It's Like A Blockbuster! Crude Oil Price (BRENT/WTI) Electrify Markets As Elon Musk And Twitter (TWTR) Do The Same!

Walid Koudmani Walid Koudmani 26.04.2022 10:46
Oil along with other risk assets is trading higher today as sentiment towards energy commodities and industrial metals improved slightly after declining over the last several days. However, it is important to note that the outlook for oil is still unclear as there are a number of contradicting factors impacting the price of the commodity. On one hand, there is still the risk of a total embargo on Russian oil by the West which is likely to exert an upward pressure on prices. Read next: What Is Chia Coin? - (XCH) - First New Nakamoto Coin Since Bitcoin Launch (2009) | FXMAG.COM Taking a look at the Brent oil chart, we can see that the price bounced off the $100.00 per barrel mark yesterday evening and... On the other hand, the pandemic situation in China and the country's response to it is creating the risk of an economic slowdown in the world's second largest economy. As China is a major consumer and importer of oil and industrial metals, lower demand from this country could have a visible impact on oil prices as well as other commodities and lead to a domino effect across global markets. Taking a look at the Brent oil chart, we can see that the price bounced off the $100.00 per barrel mark yesterday evening and managed to climb to the $103 resistance zone before pulling back slightly today and heading once again towards the $100. A similar situation can be noticed when looking at the Oil.WTI chart with a pullback from the $100 area and a current test of the $97,77 reaction zone. Read next: A Reward For A Transaction!? What Is Kishu Inu Coin? ($KISHU) Let's Take A Look At This New Altcoin  Investors focus on today’s mega cap earnings after Twitter accepts Elon Musk takeover offer After a tense round of negotiations, Twitter accepted Elon Musk's offer and will be bought for $54.20 per share. The company will become private once the deal is completed after he initially became the largest shareholder by buying around 9% of shares. The market reacted favorably to this news with the stock price gaining 5.6% yesterday despite much controversy surrounding the issue. While the situation remains uncertain, it is likely that the effects of this news will have ripple effects across stock markets. However, investors will also be switching their attention to today's mega cap earnings reports in what will be a week filled with high level earnings. Microsoft and Alphabet are due to report their earnings today after market close which could have a noticeable impact on stock markets, particularly the S&P 500 and Nasdaq 100, both of which have been trying to halt a series of losses.  
The Trade Off - 31/03/22

Amazon (AMZN) And Apple (APPL) Post Earnings Announcement Performance. Elon Musk Moves On To Coca-Cola!?

Rebecca Duthie Rebecca Duthie 29.04.2022 10:44
Summary: Amazon causes poor investor sentiment. Apple shocks the market. Musk going after Coca-Cola next?? Amazon (AMZN) stock prices show improving investor confidence despite disappointing revenue forecasts. During post market trading yesterday, the AMZN share price fell by almost 10%. This fall comes after the tech giant made its earnings announcement, this was because the earnings missed investor forecasts. The slightly disappointing revenue in Q1 of Amazon came as a result, amongst other things, of a decrease in consumer spending online and a return to in-person-activities. Amazon attributed its disappointing earnings to the current adverse economic conditions partly coming from the Russia-Ukraine conflict and partly from the issues around supply chains. Their earnings increase is 37% lower (Q1 2022: 7%, Q1 2021: 44%) than this time last year and their EPS has fallen by 0.84 cents for the same time period. AMZN Share Price Chart Read next: (APPL) Apple Earnings and (AMZN) Amazon Earnings Are Due To Be Announced! What To Expect?  Apple earnings announcement left investors feeling bullish Apple share prices increase inlight of favorable earnings reported by the tech giant. The earnings reported were better than the market expected. Although the Q1 earnings for Apple are causing the share price to increase, concerns still remain around the future supply chains of this tech giant, they can be heavily impacted by China’s “zero-covid” policy and its lockdowns. APPL Share Price Chart Elon Musk targeting Coca-Cola next? On Wednesday night Elon Musk posted a tweet on his platform suggesting or joking about acquiring the Coca-Cola company, this comes after his offer to buy Twitter (TWTR) was approved by the board. Musks tweet was as follows “Next I’m buying Coca-Cola to put the cocaine back in”. Although many of the world’s richest man's followers saw the tweet as a joke, there was a time when people thought his quest for TWTR was a joke too. The tweet caused Coca-Cola’s share price to drop hugely, the price has since recovered, but what does the future hold for this beverage giant ? KO Share Price Chart Read next: Zuckerberg Didn't Shock Market! Meta Platforms Inc. (FB) Q1 Earnings Announcement Expected Whilst GlaxoSmithKline (GSK) Delivers Favorable Figures  Sources: dailyfx.com, Finance.yahoo.com
Market Insights Podcast (Episode 329) | Oanda

(TWTR) Twitter Share Price Down After Musk Takeover Gets Approved.

Rebecca Duthie Rebecca Duthie 02.05.2022 14:10
Summary: The transaction between TWTR and Musk. Aspects that still need to happen for the transaction to close. Twitter Board approves the sale of TWTR to Elon Musk. Last week Twitters (TWTR) board agreed to sell the company, when the deal was approved, the share price of TWTR dropped and since has struggled to fully recover. Just because the board accepted the $44bn takeover offer from Musk does not mean the transaction is closed, there is still a way to go until the deal gets closed, if this happens, investors in the Tech and Social media industries could face a completely different landscape in the future. The shareholders will get $54.20 per share that they own. Twitter to become a private company if or when the transaction goes through. If or when the transaction closes, TWTR will become a private company and with that there will be less financial and operational transparency. Read next: Exxon and Chevron Earnings Announcements Has Little Effect on Brent Crude Oil Prices, Bullish Market Sentiment For Cotton and Gold Prices Rise Again  Share Price movements There are still aspects that need to be addressed for the transaction to close, that means the shareholders will have to approve at the next annual general meeting (AGM), and the deal must also meet regulatory approval and other closing considerations. The price of TWTR Shares has not been rising like in a normal acquisition, this could be because investors are uncertain of what the future holds for this social media giant. TWTR Price Chart Read next: Amazon (AMZN) And Apple (APPL) Post Earnings Announcement Performance. Elon Musk Moves On To Coca-Cola!?  Sources: ft.com, finance.yahoo.com
(DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin.

(DOGE) Dogecoin and Musk - How Elon Musk Has Single Handedly Created Price Changes In This Memecoin.

Rebecca Duthie Rebecca Duthie 09.05.2022 17:41
Summary: The history of Elon Musk and Dogecoin. Dogecoin’s possible multiple uses going forward.   Read next: Shell (SHEL) Stock Price Soars Along With The Rest Of The Industry.    The Dogecoin drone show. At the latest Tesla launch in Texas in April, Elon Musk used drones to project the symbol of Dogecoin, the public display of support caused the price to rally high initially. However, as of today the market has restored to the norms for the price of this cryptocurrency. Elon Musk has hinted in a series of tweets that subscribers and members may be able to pay for their Twitter (TWTR) accounts using their Dogecoins going forward. Inlight of Musks plans to take over Twitter, this could be a likely outcome. It is no surprise that Musk is a big fan of Dogecoin, he has integrated the crypto coin into Tesla by allowing the purchase of accessories with Dogecoin and plans to fund some of SpaceXs missions with Dogecoin going forward. The volatility seen by this coin is due to both investor sentiment and Elon Musk's interest in it. Over the past weeks the price of DOGE has been falling, this doesn't come as a surprise given the current global investor sentiment, going forward it wont come as a surprise to see Musk try to come to the coins rescue. DOGE Price Chart   Read next:  Lyft Stocks Face Major Negative Sentiment Despite Q1 Results Exceeding Expectations.    Sources: finance.yahoo.com