Charlie Grant

speaker

422 appearances 10 recordings 1 series first heard Jul 2017 last heard Apr 2024

Charlie Grant’s voice in public audio — every appearance, attributed to the second.

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Tesla rose 12% on Wednesday after reporting earnings, its best one-day stock performance in more than a year.

The earnings themselves were dud.

Tesla missed profit and revenue forecasts from analysts.

But Elon Musk said Tesla was accelerating the launch of new models, including vehicles that would sell at more affordable prices.

Tesla ended the week much higher but is still down significantly so far in 2024.

Things were pretty good in Detroit as well.

General Motors rose 4.4% Tuesday after earnings that topped expectations.

Profit rose 24% from a year earlier, and GM boosted its full-year outlook.

Not to be outdone, Ford Motor shares gained after reporting better-than-expected results of their own.

If you were betting on a board game stock to have a great quarter, you landed on Boardwalk.

I'm talking, of course, about Hasbro.

The maker of Transformers action figures and Monopoly board games said it swung to a first quarter profit, even as revenue fell 24%.

That revenue decline is more like 9% when recent divestitures aren't counted.

Hasbro has made some major cost-cutting moves in recent months, including laying off employees and overhauling the company's supply chain.

Anyway, Wall Street celebrated the cost cuts as if they had passed go and collected $200.

Shares rose 12% Wednesday, reaching the highest level since September.

For the week, they rose about 15%.

With that kind of gain, you could buy Electric Company, Waterworks, and all four railroads, and even have a little leftover for some hotels.

In other news, making nearly $14 billion in three months doesn't get you as far as you'd think with Wall Street.

Or so Big Oil found out to end the week.

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