By Rex Crum | [email protected] | Bay Area News GroupPUBLISHED: May 8, 2018 at 6:26 am | UPDATED: May 8, 2018 at 9:41 am It’s been a busy last few days for Tesla Chief Executive Elon Musk, what with telling some Wall Street analysts that their conference call questions were “boring,” taking to Twitter to tweak Warren Buffett over his investment preferences, then showing up at the high-falutin’ Met Gala Monday with Canadian singer Grimes on his arm. Yet, even with all of that going on, Musk managed to find time to call his broker and do what many CEOs do when they want to make a public show of faith in their companies: He bought a bunch of Tesla stock. According to a Securities and Exchange Commission filing, Musk on Monday bought 33,000 shares of Tesla stock, worth $9.85 million, based on the shares’ average purchase price. With the purchase, Musk added to his position as Tesla’s single-largest shareholder, with approximately 20 … [Read more...] about Elon Musk’s Tesla love: CEO buys almost $10M in company stock
Boring company stock price
Last Updated Dec 13, 2010 7:52 PM EST Few assets offer decent income these days, even after the recent dead-cat bounce in Treasury bond yields. Investors' best bet remains stocks with big dividend payouts, which offer the prospect of capital appreciation to go with high yields. John Buckingham, manager of the Al Frank Fund (VALUX), which has outperformed the stock market by a wide margin over the last decade, has been making that bet, focusing much of his portfolio on stocks with substantial dividend yields. Buckingham highlighted five of his favorite stocks with yields in the vicinity of 5 percent.* The five are spread among a diverse range of industries and have reasonable valuations, making them excellent choices for safety conscious investors. Verizon (VZ). The stock has gone nowhere this year, but with a yield of 5.7 percent, Buckingham says, the company is paying shareholders good money to wait for business to pick up and the stock to pick up with it. Besides, something good is … [Read more...] about 5 Cheap Stocks With 5% Yields Ideal for Cautious Investors
Zynga (ZNGA) shares rose 3 percent on Friday, no thanks to the earnings results the digital game maker released Thursday afternoon. Its losses hit $57.1 million in the third quarter, up from $68,000 for the same period in 2013. The red ink rose to $180.1 million for the first nine months of the year, versus $11.4 million in 2013. Revenue also went backward, with $176.6 million in 2014, down 13 percent from $202.6 million in 2013. The number of daily active users was down by 13 percent. And yet, the stock rose -- and even more sharply early in the day before cooling off. The reason was investor hope. The quarter showed a year-over-year 111 percent increase in mobile bookings -- money from ads and sales of in-game virtual merchandise. Mobile bookings represented 55 percent of total bookings, a 5 percent step-up from the second quarter of 2014. Still, despite Friday's little rally, Zynga shares are down some 37 percent for the year so far. That's because gaming companies have found … [Read more...] about Can game companies avoid being one-hit wonders?
Last Updated Jul 8, 2014 5:05 PM EDT NEW YORK - Investors unloaded all manner of stocks Tuesday as they wait for corporate earnings reports to help them determine whether a recent run-up in the market is justified. Internet companies bore the brunt of the selling.It was the second day of broad declines following record closes for major U.S. indexes last week. The Dow Jones industrial average fell below 17,000, a level it topped Thursday for the first time in its 118-year history. The technology-weighted Nasdaq composite fell 1.4 percent, its biggest drop in two months.Among the biggest losers were Twitter (TWTR) and Pandora Media (P), a music streaming service, down 7 percent each. Facebook (FB) and Netflix (NFLX) each dropped more than 3 percent.Investors also dumped small-company stocks, which tend to be riskier investments. The Russell 2000 fell 1.2 percent.The winners of the day were utilities, considered a safe choice in uncertain times and attractive because of their fat … [Read more...] about U.S. stocks slide for a second day as earnings loom
NEW YORK - This year's run to a record for the stock market has been one of the calmest in decades. Just don't get too comfortable. Only twice this year have investors had to deal with a 1 percent drop for the S&P 500 stock index in a day. That's far fewer than typical. The last time stocks sailed through such an uneventful first seven months was when a group of burglars was arrested for breaking into the Watergate complex in 1972. Broaden the scope to include when the S&P 500 fell or rose by 1 percent in a day, and this could be the least volatile year for stocks since 1964, if the current pace holds. But as central banks start to wean markets off the stimulus they've been injecting into the global economy for years, many money managers say they're preparing for a bumpier ride ahead. For now, markets have been so calm that the biggest loss for the S&P 500 last week was just 0.2 percent. Compare that to the whiplash investors felt during the summer of 2011, when the S&P … [Read more...] about This record-setting stock market sure is boring