A top Apple analyst believes there's another 'shoe to drop' for the stock

Though Apple has trumpeted its services segment as a potential hedge against slowing iPhone sales, one of the top analysts believes the company is facing a growing revolt against the transaction fees it charges for apps. div > div.group > p:first-child”> “While the services segment grew 18 percent in the December quarter, we’ve now started […]

As Tesla dives, analysts stay bullish: Job cuts signal 'productivity gains'

Job cuts at Tesla is not quite the bad news investors are interpreting it to be, several Wall Street analysts said on Friday. div > div.group > p:first-child”> “Reducing headcount also suggests productivity gains,” Jefferies analyst Philippe Houchois said in a note to investors. “This is, in our view, consistent with slower growth rates but […]

Most major Wall Street analysts raise Netflix stock price forecasts despite drop after earnings

div > div.group > p:first-child”> Netflix shares fell in premarket trading after the company reported mixed earnings, beating on subscriber growth but missing on revenue. But the stock could be headed for a rebound if major analysts are to be believed. Netflix shares lost 3 percent in premarket trading to $342.50. Most of the major […]

Read the email Elon Musk sent to Tesla employees explaining the need for job cuts

Tesla Chief Executive Elon Musk sent an email to employees on Friday announcing the company would cut full-time staff by around 7 percent. div > div.group > p:first-child”> In the note, Musk says the firm faces a “very difficult” road ahead in its long-term goal to sell affordable renewable energy products at scale, noting the […]

Tesla to cut its workforce by 7 percent to ramp up Model 3 production

Tesla is cutting its full-time staff headcount by approximately 7 percent, as it looks to ramp up production of its Model 3 sedans, CEO Elon Musk said in a company update on Friday. div > div.group > p:first-child”> The job cuts come on the back of various cost-cutting measures the company has made of late, […]