The Buzz
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SolarCity surges to new high
Talk about a warm-up.
Investors can't seem to get enough of companies that harness the sun's power. Shares of SolarCity (SCTY) soared to an all-time high of $31.89 on Monday.
The company has only been public for five months and shares have nearly quadrupled from their $8 IPO price back in December.
Related: SolarCity CEO talks the future of solar power
SolarCity, which installs solar panels, is still among the smaller players MORE
Catherine Tymkiw - May 13, 2013 11:24 AM ET -
Priceline (and Shatner) can't be stopped: Stock up 4%
Raise your hand if you thought that Priceline (PCLN) shares would be falling Friday. I did.
The online travel stock has been red hot this year. And even though it reported strong first-quarter earnings after the bell Thursday, its outlook was a bit conservative. The stock dipped after hours Thursday as a result.
But shares popped 4% Friday to a new 52-week high. It just goes to show that you can't short MORE
Paul R. La Monica - May 10, 2013 12:42 PM ET -
Market bears still waiting for pullback
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
Stocks dipped a bit on Thursday, but this hardly looks like the beginning of a massive market correction.
People often describe the market as being ruled by two emotions: fear and greed. In fact, that's why MORE
Paul R. La Monica - May 9, 2013 1:01 PM ETPosted in: bear market, bonds, bull market, earnings, federal reserve, irrational exuberance, stocks -
Monster Beverage shares dive as legal woes mount
Shares of the energy drink maker Monster Beverage were in need of a jolt Thursday.
Monster shares (MNST) fell 7% after the company reported a drop in first quarter earnings and weaker-than-expected sales growth.
The company said late Wednesday that earnings were hurt by costs related to the termination of certain distribution agreements. It also cited expenses tied to various lawsuits against Monster.
The city attorney in San Francisco, Dennis Herrera, filed a MORE
Ben Rooney - May 9, 2013 12:51 PM ET -
Hedge funds bet against Chipotle
Hedge fund managers might like Chipotle's burritos, but some are betting against the company's stock.
Last October, Greenlight Capital's David Einhorn revealed a bet against Chipotle Mexican Grill (CMG). On Wednesday, bond fund manager Jeffrey Gundlach of investment firm DoubeLine Capital joined him in talking down the fast food chain.
"I like the products," Gundlach admitted. Yet, he said, "A gourmet burrito is an oxymoron. All you need to compete with its MORE
Maureen Farrell - May 9, 2013 12:16 AM ET -
Ackman: P&G CEO may need to go
Bill Ackman, the activist hedge fund manager who most recently made headlines over his big short position on Herbalife, zeroed in on Procter & Gamble at the Sohn Investment Conference in New York Wednesday.
The CEO of Procter & Gamble (PG) is one busy man, but that doesn't mean he's solely focused on his work at the helm of one of the world's largest corporations.
Bob McDonald, who's led P&G MORE
Maureen Farrell - May 8, 2013 3:38 PM ET -
Manchester United: The business of soccer
Alex Ferguson's decision to retire after 26 years as manager of Manchester United (MANU) throws England's most successful soccer club into a rare period of uncertainty.
Winning the richest national soccer league for 13 of the last 21 years has guaranteed a big slice of broadcast revenue, and allowed the club to amass a global following of over 650 million – a loyal and lucrative market for merchandising partners and sponsors MORE
May 8, 2013 12:10 PM ET -
You've got fail! AOL down nearly 10%
AOL is learning the hard way that it's not easy to live up to Wall Street's hype.
Even though AOL (AOL) reported a 23% jump in net income for the first quarter thanks to solid growth in both display and search online advertising, shares tumbled nearly 10% on the news. AOL's profits missed forecasts and investors were also hoping for better overall revenue growth than the measly 2% year-over-year increase that MORE
Paul R. La Monica - May 8, 2013 11:58 AM ET -
Does JPMorgan suffer from Dimon discount?
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
JPMorgan Chase has made it painstakingly clear that the bank is better off with Jamie Dimon serving as both chief executive officer and chairman.
But the market seems to disagree ... which is one reason why MORE
Paul R. La Monica - May 7, 2013 12:31 PM ET -
Tesla zooms to new high, then pulls back
No cruise control for Tesla.
Shares of the electric car maker took off Tuesday, racing to a new high above $60 right out of the gate. But by late morning, the enthusiasm had chilled, and the stock was down about 3%.
The supercharged moves come one day before Tesla (TSLA) is set to report its first quarterly profit ever.
And it's all thanks to the all-electric Model S.
The full-size, four-door luxury sports sedan was MORE
Catherine Tymkiw - May 7, 2013 11:12 AM ET
- Diamonds are forever: Zale soars(0:51)
- Herbalife soars. Get Bill Ackman a vitamin?(1:01)
- Will Tumblr make Yahoo cool again?(1:16)
- No life of luxury: Nordstrom stock falls(0:52)
- Kohl's is the anti Wal-Mart(1:03)
- Nothing runs like a Deere (investor)(1:16)
- Who says video game stocks are dead?(1:22)
- Bond investors fear another 1994(1:09)
