Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
Bezos's comments give a rare glimpse into his interest in the auto industry. Amazon recently invested in two self-driving start-ups.Technologyread more
While investing often seems like a contrarian game where going against the flow feels like the better bet, the reality is that investors who bought the most-favored stocks...Hedge Fundsread more
CBS plans to renew discussions for Starz with Lions Gate in the coming weeks, according to people familiar with the matter. If a deal happens, the remainder of Lions Gate...Technologyread more
"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.Marketsread more
The economist thinks the Fed ought to pay more attention to financial markets when setting interest rates.The Fedread more
Connecticut state Sen. Alex Bergstein's divorce case with her husband, Morgan Stanley managing director Seth Bergstein, has exposed her new romantic relationship with her...Politicsread more
Donaldson was chief of staff to former White House counsel Don McGahn, who on Tuesday defied the Judiciary panel's subpoena to testify about special counsel Robert Mueller's...Politicsread more
As shopping has shifted online and styles have evolved, Ascena has been grappling with sagging sales and a large debt-load. Looking to stem the losses, Ascena is turning to...Retailread more
The U.S. State Department's current offer is the final one, according to multiple sources.Politicsread more
Former Facebook executive Alex Stamos said Mark Zuckerberg should hire a new CEO and turn his focus to building products.Technologyread more
Tesla shares got off to the week with a good start after Canaccord Genuity upgraded the stock and predicted a monster rally as electric vehicle penetration improves and the company gets closer to building a car that is affordable for the masses.
Canaccord upgraded Tesla to buy from hold and raised its 12-month price target to $450 from $330.
"The EV penetration story is underappreciated by the Street," analyst Jed Dorsheimer said in a note to clients Monday. "We see a more stable 2019 with far fewer concerns for investors in the company."
Tesla closed Friday at $305.80, down 8 percent for the year. Canaccord's new 12-month price target represents a 47 percent gain from that level. The stock jumped 2 percent on Monday amid the Canaccord call.
The shares fell at the end of January after the company posted a fourth-quarter profit that fell short of Wall Street expectations. The Elon Musk-led company said it would focus on reducing costs in 2019 and said its cash position improved to $3.7 billion.
"We view the recent string of price cuts as further proof that the cost cutting and right sizing that the company has undertaken are resulting in concrete movement towards the ultimate goal of an affordable $35,000 Model 3," Dorsheimer said. "With the strong operating cash flow generation of $1.23B and cash on the balance sheet of $3.7B, the liquidity concerns and convertible note repayment are no longer valid concerns in our view."
— With reporting by CNBC's Michael Bloom.