Morning Beat: Tesla Motors Inc (TSLA), Yahoo! Inc. (YHOO), and BP plc (ADR) (BP)


Tesla Motors Inc (NASDAQ:TSLA) is working on a new Powerwall rechargeable battery that should be ready for shipping sometime in the summer. CEO, Elon Musk says the next version will come with improved capabilities. The sentiments should evoke more questions than answers especially on what it means to consumers.

The fact that the rate of improvement in batteries most of the time not that big, should continue to evoke curiosity on what Tesla Motors Inc (NASDAQ:TSLA) is working on. Musk has already noted that with the coming online of the Gigafactory, they will be able to deliver better batteries. Even with that, only minor improvements should be expected.

Tesla has enjoyed a fine run with the current battery pack for homes, which remain sold out through the first half of the year. It is a momentum it would wish to maintain even with the slightest of improvements.

Yahoo! Inc.(NASDAQ:YHOO) is poised to announce its earnings report this Tuesday with all ears on the Street glued to what Marissa Mayer has to say this time around. Investors will mostly want to hear what the chief executive has to stay about the company’s struggling core business.

Last year, Mayer downplayed calls for a spinoff of the company’s search engine and digital advertising business. She also abandoned plans to spin off the internet giant’s stakes in e-commerce giant Alibaba. Investors now await to hear what she intends to do to bolster advertising sales, seen as a key driver of earnings.

There are already reports claiming that Yahoo! Inc. (NASDAQ:YHOO) is planning to slash about 15% of its workforce, a confirmation the Street is also expecting.

A slump in oil prices to multi-year lows came to haunt BP plc (ADR) (NYSE:BP) earnings in the fourth quarter. A 91% decline in profit is something the Street did not expect. Profit came in at $196 million against consensus estimates of $814.7 million.

BP posted its first net loss in over 30 years for the full year, which came in at $6.5 billion. Oil prices dropping to levels not seen in decades has driven BP plc (ADR) (NYSE:BP) market share to  its lowest since the Gulf of Mexico spill.

BP’s sentiments on the Street are slowly turning from bad to worse having joined several oil producers given a negative credit outlook.

Apple Inc. (NASDAQ:AAPL) has yet again patented a new technology as it continues to bolster its multi-touch display. The granted patent details a new system where photodiodes could be used to extend user interaction area beyond the screen.

The hover-sensing display is somehow similar to 3D-touch with the only difference being the fact it measures input in the opposite direction along the Z axis. Apple Inc. (NASDAQ:AAPL)’s new patent essentially proposes a new solution optimized for screens for iPhone and other portable devices.

It is highly unlikely the hover sensing solution will ship with devices soon. The iPhone maker is believed to be still looking for unique 3D Touch integrations for its apps.

Viraj Shah

Viraj Shah has completed M.Com (Finance) and is currently pursuing his CFP. He tracks US markets along with other global markets like India very closely. He is very passionate about stocks, real estate, and technology. He also believes that money can always be made in the market.

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