NEW YORK The outspoken CEO of the largest automotive dealership chain in the U.S. publicly questioned the market value of Tesla on Tuesday, escalating the rivalry between traditional dealers and the electric-vehicle maker.
Tesla is “either one of the great Ponzi schemes of all time or its gonna work out,” AutoNation CEO Mike Jackson said at a forum presented ahead of theahead of the New York Auto Show by the National Automobile Dealers Association and consultantstheJ.D.Power.
His comments came a day after Tesla briefly passed General Motors as the most valuable American automaker, as measured by market capitalization.
“ClearlyGeneral Motors is undervalued and Tesla is overvalued,” Jackson said. “Anybody can see that.”
The typically brash CEO’s remarks came amid a stock rally for Tesla, which is riding high amid signs that its mass-market Model 3 electric car may be on track to begin sales in 2017.
Top Undervalued Stocks For 2018: Principal Financial Group Inc(PFG)
- [By Ben Levisohn]
The twenty stocks in Worth’s basket are: Ameriprise Financial (AMP) Bank of America, Banner (BANR), Citigroup, Citizens Financial Group (CFG), East West Bancorp (EWBC), First NBC Bank Holding (FNBC), HFF (HF), KeyCorp(KEY), Legacy Texas Financial Group (LTXB), Lincoln National (LNC), Morgan Stanley, Old National Bancorp (ONB), PacWest Bancorp (PACW), PNC Financial Services Group (PNC), Principal Financial Group (PFG), Stifel Financial (SF), SVB Financial Group (SIVB), TCF Financial (TCB), and Wells Fargo.
Top Undervalued Stocks For 2018: Applied Micro Circuits Corporation(AMCC)
- [By Piyush Arora]
AMD, along with other server-grade chip manufacturers such as Qualcomm (NSDQ:QCOM), Cavium (NSDQ:CAVM) and AMCC (NSDQ:AMCC), operates in the remaining minuscule 0.8% of the market. So, each of the aforementioned companies operate with a practically non-existent market share, compared to Intels shipments of course. This also means that these firms (AMD, Qualcomm etc.) have plenty of room to grow. This would be subject to good product releases of course, but at least this way, the law of large numbers isnt working against them.
Top Undervalued Stocks For 2018: Career Education Corporation(CECO)
- [By Stephan Byrd]
Career Education Co. (NASDAQ:CECO) – Equities researchers at Piper Jaffray reduced their Q2 2018 earnings per share estimates for shares of Career Education in a note issued to investors on Thursday, May 3rd. Piper Jaffray analyst P. Appert now expects that the company will post earnings per share of $0.19 for the quarter, down from their previous forecast of $0.24. Piper Jaffray also issued estimates for Career Education’s Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.29 EPS, FY2018 earnings at $0.95 EPS, Q1 2019 earnings at $0.28 EPS, Q2 2019 earnings at $0.25 EPS, Q3 2019 earnings at $0.29 EPS, Q4 2019 earnings at $0.34 EPS, FY2019 earnings at $1.16 EPS and FY2020 earnings at $1.26 EPS.
Top Undervalued Stocks For 2018: Stamps.com Inc.(STMP)
- [By Lisa Levin]
Stamps.com Inc. (NASDAQ: STMP) shares shot up 31 percent to $198.75 as the company posted upbeat Q2 results and raised its FY17 outlook.
Shares of Solaredge Technologies Inc (NASDAQ: SEDG) got a boost, shooting up 21 percent to $27.56 after the company posted stronger-than-expected quarterly results.
- [By Ethan Ryder]
ILLEGAL ACTIVITY WARNING: “Stamps.com (STMP) Given Consensus Recommendation of “Buy” by Analysts” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright legislation. The original version of this news story can be accessed at www.tickerreport.com/banking-finance/3360313/stamps-com-stmp-given-consensus-recommendation-of-buy-by-analysts.html.
- [By Joe Tenebruso]
Stamps.com (NASDAQ:STMP) reported sharply higher sales and earnings in the fourth quarter, as the shipping solutions company has become the platform of choice for a steadily growing number of online businesses.
- [By Steve Symington]
Stamps.com Inc. (NASDAQ:STMP) announced strong first-quarter 2018 results on Thursday after the market closed, sending shares up nearly 4% on Friday in response. To be sure, Stamps.com’s focus on its thriving shipping business continues to yield fruit, helped by a steadily growing base of loyal customers. The internet-based mailing and shipping services specialist also increased its full-year earnings outlook.
- [By Max Byerly]
TRADEMARK VIOLATION WARNING: “$1.97 EPS Expected for Stamps.com (STMP) This Quarter” was posted by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another website, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The legal version of this news story can be read at www.tickerreport.com/banking-finance/3377806/1-97-eps-expected-for-stamps-com-stmp-this-quarter.html.
- [By Lee Jackson]
These companies also reported insider selling last week: Aetna Inc. (NYSE: AET), Cullen/Frost Bankers Inc. (NYSE: CFR), Rockwell Automation Inc. (NYSE: ROK), Stamps.com (NASDAQ: STMP) and Western Alliance Bancorporation (NYSE: WAL).
Top Undervalued Stocks For 2018: Sagent Pharmaceuticals Inc.(SGNT)
- [By Lisa Levin]
Shares of Sagent Pharmaceuticals Inc (NASDAQ: SGNT) got a boost, shooting up 40 percent to $21.65 as the company agreed to be acquired by Nichi-Iko Pharmaceutical for $21.75 per share. RBC Capital downgraded Sagent Pharmaceuticals from Outperform to Sector Perform.