What Investors Missed in the Market Last Week
Good news for investors came when gross domestic product figures for the second quarter were announced on July 28: Americans started spending more during the spring months! More specifically, GDP increased at an annual rate of 2.6% during the second quarter, far higher than the first quarter's revised 1.2% growth.
Along with the upbeat economic data, earnings season is heating up with many companies reporting second-quarter results. Here are some of last week's highlights from companies making big moves or announcements.
One of the major stories last week came from Tesla (NASDAQ: TSLA): The company's long-awaited Model 3 was delivered to a handful of lucky employees. A lot rests on the success of the Model 3 as the company attempts to turn into a profitable automaker and distance itself from its cash-burning ways. The $35,000 Model 3 was designed for mass production, and management is aiming to hit a production rate of 20,000 per month by year-end before reaching its 500,000 annual target for 2018.
Source: Fool.com
Amazon.com Inc. Stock
With 155 Buy predictions and 1 Sell predictions Amazon.com Inc. is one of the favorites of our community.
With a target price of 190 € there is a slightly positive potential of 13.01% for Amazon.com Inc. compared to the current price of 168.12 €.
