Finance

Tesla to Unveil Model 3 on March 31

Apart from that there is very little known about this Model 3 to mention. Perhaps they’ve learned their lesson after Model S and Model X production delays.

The Model 3 release date will still be a ways off – No one (except maybe Musk) will be driving away from the event on March 31 with an actual Tesla Model 3.

By the looks of it the Model 3 will take on a similar design approach as showcased by the larger Model S, with muscular front wheel arches, a low-profile roofline, and a wide and sturdy stance.

Tesla is gearing up for what may be its biggest debut yet – an entry-level, mass-market electric vehicle known as the Model 3. In fact, you can tell a lot about what Tesla’s stock will do based on the news about the Model 3.

Tesla Motors Inc (NASDAQ:TSLA) has earned an average rating of “Hold” from the twenty-eight analysts that are now covering the firm, MarketBeat reports. Details on how to receive a ticket were sent out in a customer email. On Jul 20, 2015, the shares registered one year high at $286.65 and the one year low was seen on Feb 9, 2016. To that end, prioritizing current Tesla owners over new prospective buyers might seem like a backwards strategy. A drivable version at the event might indicate the company is further along than some investors thought. Instead, the automaker depends partly on media coverage by technology press and websites that publish automotive content. Along with this, Tesla gets attention through the Twitter activity of its CEO, Elon Musk, who has 3.6 million followers on his personal account.

Model 3 reservations will open in Tesla stores on March 31 at 10am PST, as well as online immediately when the event (which will also be accessible via a live stream) begins”. For starters, Tesla understandably wants to reward current owners who are already champions of the brand and the company’s mission.

Red Hat Receives a Buy from Drexel Hamilton

Red Hat Enterprise Virtualization 3.6 now available

Zacks Investment Research downgraded Red Hat from a “buy” rating to a “hold” rating in a report on Tuesday, November 24th. Last quarter, Red Hat, Inc.

Other institutional investors have also recently bought and sold shares of the company. The Hedge Fund company now holds 100,000 shares of RHT which is valued at $7,409,000.

During the same quarter a year ago, Red Hat posted adjusted earnings of 43 cents per diluted share on revenue of $464 million.

The stock increased 1.88% or $1.37 on March 18, hitting $74.11. The stock was sold at an average price of $80.15, for a total transaction of $1,520,605.80. ProShare Advisors LLC’s holdings in Red Hat were worth $3,930,000 as of its most recent SEC filing. New Mexico Educational Retirement Board reduced its stake in RHT by selling 600 shares or 2.92% during the fourth quarter. The Hedge Fund company now holds 19,948 shares of RHT which is valued at $1,477,947.

Wall Street is expecting the Raleigh, NC-based software solutions company to report earnings of 47 cents per share on revenue of $537.2 million. Analyst had a consensus of $0.46. For the quarter ending Aug-16, 25 analysts have a mean sales target of 578.13 million whilst for the year ending Feb-16, 32 analysts have a mean target of 2,053.81 million. The company’s revenue was up 14.8% compared to the same quarter previous year. But it looks like Red Hat is rebounding firmly from the Software Sag of ’16 that battered many of Red Hat’s rivals and tech players in January through early February. RBC Capital increased their target price on shares of Red Hat from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, December 18th. With the constructive P/E value of Red Hat, Inc., the investors are able to forecast the positive earnings growth of the company.

The price-to-book ratio of 10.08 for Red Hat, Inc.

Trading above its 50-day moving average, Red Hat stock is still below its 200-day line near 75. The company has a market cap of $13,284 million and the number of outstanding shares have been calculated to be 182,625,150 shares. The companyÂ’s products include Red Hat Enterprise Linux, an operating system platform that runs on hardware for use in physical, virtual, container, and cloud environments; Red Hat Enterprise Virtualization, which includes standalone virtualization functionality and management tools for server and desktop deployments; and Red Hat JBoss Middleware that offers middleware for developing, deploying, and managing applications, as well as integrating applications, data and devices, and automating business processes. The open source development model allows it to use the collective input resources and knowledge of a global community of contributors who can collaborate to develop maintain and enhance software because the human-readable source code for that software is publicly available and licenses permit modification. Zurcher Kantonalbank Zurich Cantonalbank now owns 57,521 shares of the open-source software company’s stock valued at $4,763,000 after buying an additional 5,874 shares during the last quarter. The Company provides its software offerings primarily under annual or multi-year subscriptions as well as on-demand through cloud service providers.

Chevron starts mega-LNG project in Australia

Last month, Chevron, which owns almost 50% of Gorgon, was among 10 USA oil companies whose credit ratings were cut by Standard & Poor’s due to the oil-price rout.

Chevron is also behind Australia’s 8.9 mta Wheatstone LNG project, whose costs have soared from US$23 billion to an estimated US$33 billion, according to analysts Macquarie.

“We congratulate the Gorgon workforce on this achievement…”

Chevron Corp. (NYSE: CVX) started producing LNG and condensate at the Gorgon Project on Barrow Island off the northwest coast of Western Australia, and the first LNG cargo is scheduled to ship next week, the company said March 7. Another of Gorgon’s big investors- Exxon Mobil Corp.-had its triple-A corporate rating placed on watch by S&P for a possible downgrade. “This is the result of the collaboration of hundreds of suppliers and contractors and many tens of thousands of people across the world during the project design and construction phases”, Watson continued. Osaka Gas, Tokyo Gas and Chubu Electric Power each have minor interests.

The project is a cornerstone in Chevron’s efforts to become a major LNG supplier over the next four years, with Gorgon and a neighboring development in Western Australia known as Wheatstone targeting growing demand for natural gas in the Asia-Pacific region.

Gas sales from LNG projects in the Asia-Pacific region such as Gorgon are linked to swings in oil prices, meaning returns on investment are more vulnerable to volatility in commodity markets than export-oriented facilities in the U.S. In 2015, LNG prices in Asia roughly halved.

Gorgon is the largest single-resource development in Australia’s history, and has cost around $54 billion to build. It is built on a Class-A Nature Reserve.

Construction started on the project in 2009.

“But the long-term benefits will be even greater”.

The first official cargo of LNG from Gorgon is expected next week.

The project, which is starting up more than a year late and more than $12 billion over budget, together with other new LNG projects starting production in the 2014-17 period, should ensure Australia overtakes Qatar as the world’s biggest exporter of the fuel by the end of the decade. Off-topic, inappropriate or insulting comments will be removed.

Barclays loss doubles, to sell African bank unit stake

Under Staley’s plan, Barclays’ business will be divided into two divisions, Barclays UK, which will include the ring-fenced high street operation, and Barclays Corporate & International, housing the group’s investment banking division.

Share slide. The stock has fallen 21% this year, extending a two-year slump that’s left the bank trading 50% less than its book value.

Barclays is expected to book hefty provisions for mis-selling charges when it announces its full-year results.

Barclays bought a 55 per cent stake in South African bank Absa in 2005 for $5.5 billion, later increasing it to a 62.3 per cent stake and rebranding Absa as Barclays Africa in 2013.

Further, the company declared a final dividend of 3.5 pence per share, making 6.5 pence in total for 2015.

Mr. Staley, who took up his post in December, told the BBC that the bank was competing on an global level: “In the last four years Barclays bonus pool has been cut in half… this is a dramatic move but we need to pay competitively whether it’s a bank manager in Manchester or a banker in NY, we need to pay our people competitively for Barclays to be competitive”.

Analysts said Barclays could not be selling at a worse time and they will struggle to find buyers, but Chinese banks might be interested.

Total incentives, including bonuses, were £1.6bn in 2015, down 10 per cent from £1.8bn in 2014.

The bank has cut more 5,700 jobs from the group since it started the recruitment freeze in autumn previous year. Barclays has operated in the continent for nearly a century and owns a 62% stake in Johannesburg-based Barclays Africa Group, which was built up under former chief executives John Varley and Robert Diamond.

It remains to be seen whether Barclays Africa, which on Monday issued a statement reaffirming its commitment to Africa, will revive plans to acquire the Zimbabwean and Egyptian banks after Barclays Plc’s exit.

It has 12 million customers across 12 countries including South Africa, Kenya, Botswana, Ghana, Zambia, Mauritius, Mozambique, Seychelles, Uganda, and Tanzania.

Net income excluding some items plunged 69% to $1.34bn during the year as prices for metals and oil collapsed. “Barclays has been in Africa for over 100 years”, Staley said.

Barclays Africa Group Limited (BAGL) wishes to reiterate that we remain committed to Africa, where we continue to be optimistic about our growth prospects, and to operate in the normal course of business, according to the company official press statement.

Tesla Motors Inc Begins Sending Out Invites For Model 3 Event

Several analysts have stated their opinion on the company shares. Morgan Stanley reduced their price target on shares of Tesla Motors from $450.00 to $333.00 and set an “overweight” rating for the company in a report on Monday, February 1st. The mean price target is determined and based on coming up with go through the consensus of 4 brokerage companies.

Invitations are now being sent out for the eagerly awaited debut of the Tesla Model 3 electric vehicle at the end of this month. Tesla Motors Inc. was the topic in 38 analyst reports since July 21, 2015 according to Stockz Intelligence Inc. Global Equities Research reaffirmed a “buy” rating and set a $385.00 target price on shares of Tesla Motors in a research report on Monday, January 4th. Janus Capital Management raised its position in shares of Tesla Motors by 757.2% in the third quarter. The fund owned 683,140 shares of the electric vehicle producer’s stock after selling 27,140 shares during the period. They now have a Dollars 325 price target on the stock. American Century Companies Inc. now owns 591,908 shares of the electric vehicle producer’s stock worth $142,064,000 after buying an additional 289,298 shares during the last quarter. However, 0 analysts issued a “HOLD RATING” for the company.

Both programs encouraged Tesla owners to refer friends by offering cash bonuses to both referrer and referred, and prizes for owners that made the most referrals in a given region.

02/03/2016 – Tesla Motors, Inc. had its “buy” rating reiterated by analysts at Dougherty & Co. The stock is up 3.56% or $6.96 after the news, hitting $202.7 per share.

CNET CBSi

The average forecast of earning per share (EPS) for the present fiscal quarter for Corporation remains at $-1.30 while the earning per share (EPS) estimate for the present year is fixed at $-2.18 by 4.00 analysts. The Company provides services for the development of electric powertrain components and sells electric powertrain components to other automotive manufacturers. Finally, Vanguard Group Inc. boosted its stake in shares of Tesla Motors by 3.9% in the fourth quarter. The shares were sold at an average price of $229.49, for a total value of $1,147,450.00.

Tesla Motors, Inc. (Tesla) designs, develops, manufactures and sells electric vehicles and advanced electric vehicle powertrain components. The Company sells and produces a vehicle under the name Model S, which is a fully electric, four-door, five-adult passenger sedan.