Tag Archives: lead tech

Tesla Stock Flirts With Key Line In Model X Countdown

It looks like all systems go for Tesla Motors’ (TSLA) Model X crossover SUV launch Sept. 29, but analysts are watching the electric car maker’s battery strategy as a longer-term catalyst for Tesla stock, which rose to its 50-day moving average Wednesday. Tesla lifted as high as 254.25 and was up a fraction in afternoon trading, near 250, in the stock market today. It’s not highly ranked by IBD, with a Composite Rating of 62 out of a possible 99,

Facebook Accelerates Growth Levers With Instagram Ads

Facebook (FB) is boosting efforts to cash in on Instagram, announcing an aggressive expansion of advertising on the popular photo-sharing service. The social networking leader in a blog post Wednesday said ads on Instagram are now available in 30 additional countries, including Italy, Spain, Mexico, India and South Korea. It launched Instagram ads in Brazil, Germany and Japan last quarter. Instagram is still a relatively small revenue source for

Medtronic Q1 Beats Estimates; Guidance Affirmed

Medical-device giant Medtronic (MDT) beat analysts’ quarterly estimates and affirmed its guidance Thursday, sending its stock up as much as 1.3% in early trading. Medtronic reported fiscal Q1 earnings, excluding one-time items, of $1.02 a share in the quarter ended July 31, up 3% from the year-earlier quarter and a penny over views. Revenue totaled $7.27 billion, up 70% from last year’s Q1, or 12% if you include the recently acquired Covidien in