Earnings & Movers
9.17.2020
Elon Musk's Next Big Thing Is 40,000 Satellites Beaming Broadband - Bloomberg
"He hopes low-Earth orbits will help him succeed where so many others have failed."
One under-the-radar play on the homebuilding boom is flashing a buy signal, trader says - CNBC
"Homebuilder sentiment hit a fresh all-time high on Wednesday on the back of rising demand for suburban housing. The iShares U.S. Home Construction ETF (ITB) and the SPDR S&P Homebuilders ETF (XHB) climbed nearly 3% and 2% respectively following the spike, with the XHB hitting a new all-time high."
Tesla Stock Could Be Worth $100 Billion More Thanks to One Thing: Batteries - Barron's
"Tesla (ticker: TSLA) -- which currently has a market cap of more than $418 billion -- will host its highly anticipated battery technology event on Sept. 22. Investors are expecting updates on battery capacity, reliability, range, and technology. More bullish analysts, such as Levy, see Tesla eventually launching the third part of its so-called Master Plan, which would make the company a supplier of batteries and battery tech to the electric-vehicle industry."
Grocery-Tech Star Ocado Is a Bet on Big Warehouses - WSJ
"The online supermarket is growing sales more slowly than low-tech rivals. Justifying its share price means showing it has the only profitable model long-term."
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