Yesterday, Tesla (TSLA) reported its Q4 deliveries. The better-than-expected delivery report supported Tesla stock yesterday.
Consumer stocks like Macy’s (M), Kraft Heinz (KHC), Gap (GPS), Altria (MO), and Walgreens (WBA) are lagging the broader markets by a wide margin.
Canopy Growth (CGC) has seen dizzying ups and gloomy downs in 2019. The stock jumped up by 79.91% from $28.92 on January 2 to $52.03 on April 29.
Hasbro (HAS) and Mattel (MAT) stocks surged 30% and 35.6% in 2019, respectively. Both stocks beat the benchmark S&P 500 Index that rose 28.9% in 2019.
Today, Cleveland-Cliffs (CLF) announced that it was buying AK Steel (AKS), a flat rolled steel producer that supplies mainly to the automotive sector.
Starbucks (SBUX) stock appreciated 36.5% in 2019. Plus, the stock beat the benchmark S&P 500 Index, which surged 28.9% last year.
Gold continued to rally amid rising geopolitical tensions recently. The spot gold prices crossed the $1,600 per ounce level on Wednesday.
HP (HPQ) turned down the second takeover bid from Xerox Holdings (XRX). HP rejected Xerox’s warning to agree to a “friendly” discussion.
Google Fiber (GOOG) (GOOGL) announced this week that it has discontinued the 100Mbps plan and will now sell only the gigabit plan at $70/month.