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Author Archives: Jesse Solomon
  • Is Tesla's downshift for real?

    The break lights are finally coming on for investors' favorite auto stock.

    Shares of Tesla Motors (TSLA) fell over 2% Tuesday after reports surfaced that Arizona failed to pass a bill to allow the company to sell cars directly to consumers.

    It marks the fourth straight day of losses for Tesla's stock.

    It's unclear what effect the Arizona bill actually had today. The automaker has long sought to bypass dealerships because it says MORE

    - Apr 15, 2014 3:49 PM ET
  • Investors aren't bringing sexy back

    Boring is back.

    In a choppy market, investors are shifting their strategy, eschewing the once sizzling sectors (think: tech) in favor of the more mundane variety (think: utilities).

    Dividend-paying companies, long-considered a tad too defensive, are especially in vogue now.

    Red hot names such as Tesla (TSLA) and Netflix (NFLX) have tumbled this month, while utility stocks, known for their healthy dividends, have jumped. The Utilities Select Sector SPDR Fund (XLU) is up over 9% this year. Its top MORE

    - Apr 7, 2014 4:02 PM ET
  • Boom times for the barbarians

    The once exclusive private equity industry continues to bet that average investors will want to invest in them.

    Earlier this week, Los Angeles-based Ares Management filed to raise $100 million in an initial public offering, though IPO research firm Renaissance Capital estimates that the company could wind up raising $400 million.

    The Ares IPO is the latest in a boom that began in 2007 when the Blackstone Group (BX) raised a staggering $4 MORE

    - Apr 4, 2014 12:21 PM ET
  • GM stock is in the gutter. Time to buy?

    The market has not been kind to General Motors.

    Its stock is down about 15% in 2014 as the automaker has contended with seven million recalls and questions from victims' families and government officials about why it took 10 years to recall millions of cars with faulty ignition switches.

    Still, General Motors (GM) has roared back since the days of its bankruptcy and government bailout. The stock went on a tear last year and is still up roughly 25% over MORE

    - Apr 1, 2014 2:17 PM ET
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  • The ECB's hard call: More stimulus?

    As worries about deflation rear their ugly head in Europe, investors are debating whether the European Central Bank will act to prop up the continent's economy.

    The euro has weakened against the dollar lately as some currency traders bet that concerns about low inflation will prompt the ECB to announce more stimulus on Thursday. The ECB already has its key interest rate near zero.

    Others weren't so sure.

    "The ECB is more likely to talk than act," MORE

    - Apr 1, 2014 7:00 AM ET
  • Husbands busted for trading on wives' secrets

    It might be best to keep business and personal separate, at least for two married couples in California.

    The Securities and Exchange Commission settled insider trading charges with two men in unrelated cases Monday for acting on confidential information gleaned from overhearing their wives' business calls.

    Related: SAC Capital's Martoma found guilty

    In one case, the SEC alleges that Tyrone Hawk of Los Gatos, California snooped on work calls made by his wife, a finance manager at Oracle, related to MORE

    - Mar 31, 2014 4:30 PM ET
  • Is the party over for small caps?

    Small caps may be losing some sizzle, but that doesn't necessarily mean investors should bail on the asset class all together.

    After outperforming the broader market for the past 12 months, the Russell 2000 Index, the most popular broad index of small caps, has pulled back in recent days. While it's been a choppy week overall, the Russell 2000 is down more than the major US markets like the S&P 500 and the Nasdaq.

    With MORE

    Mar 28, 2014 10:43 AM ET
  • Whoops! Stocks with Oculus name spike

    Shakespeare pondered whether a rose by any other name is as sweet. Apparently, that may be the case for stocks.

    On Wednesday, a day after Facebook announced its planned acquisition of Oculus VR for $2 billion, trading of penny stock Oculus VisionTech (OVTZ) was halted after surging almost 90% in half an hour. The Vancouver-based digital media company bears no connection to Facebook's acquisition target, but that didn't stop investors from riding MORE

    - Mar 26, 2014 4:05 PM ET
  • King stock falls as investors sour on Candy Crush

    Investors may not have much of a sweet tooth.

    King Digital Entertainment (KING), the maker of the addictive online game Candy Crush Saga, dropped 15.5% from its offering price Wednesday. The stock priced at $22.50 per share but finished the day at $19. King sold 22.2 million shares and raised $500 million from the offering. JPMorgan Chase, Credit Suisse and Bank of America Merrill Lynch were among the top underwriters for the offering.

    Based on its current MORE

    - Mar 26, 2014 4:01 PM ET
  • Breaking up is easy ... and investors love it

    Spinoffs are in vogue.

    On Tuesday, Hertz (HTZ) announced a plan to spin off its equipment rental business into a stand-alone publicly traded company.  Reports of the spinoff first leaked Monday and shares rose nearly 5% as a result.

    And shares of Sears (SHLD) popped earlier this week after the struggling retailer's board on Friday approved the spinoff of Sears' Lands' End clothing line.

    So what's behind these corporate separations?

    In short, the MORE

    - Mar 19, 2014 12:03 PM ET
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About This Author
Jesse Solomon
Jesse Solomon
Reporter, CNNMoney

Jesse Solomon is a reporter for CNNMoney’s markets and investing section. He covers stocks, bonds, currencies, alternative investments, emerging markets and mergers and acquisitions. He previously worked as an Associate Producer for CNN, where he covered the Boston Marathon bombing, Superstorm Sandy and other big, breaking news events.

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Stupid Stock Move of the Day
#StupidStock Move of the Day! Yes, Urban Outfitters may be finally turnings things around. But $URBN up 17%? Seems a bit excessive, no?
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