The Wall Street investment bank broke its silence on the Tesla fiasco on Tuesday by reinstating a "sell" rating on the stock and issuing a $210 price target.
The bank's biggest concerns: Tesla's (TSLA) debt-riddled balance sheet and "intensifying" competition that may erode its lead in the electric vehicle race.
Musk tweeted on August 7 that he had "funding secured" for a deal valued at $420 a share — a claim that reportedly sparked an SEC investigation. Facing what Musk described as a shareholder revolt, the billionaire CEO abandoned the go-private plan on August 25.
Musk's tweet initially sent Tesla shares spiking to as high as $389.61 on August 7. Since then, Tesla shares have lost a quarter of their value. Goldman Sachs predicts they'll tumble another 30% over the next six months.
"We remain bearish" on Tesla's ability to execute, ramp up vehicle production and generate free cash flow, Goldman Sachs analysts led by David Tamberrino wrote to clients.
Top Safest Stocks To Own Right Now: Monogram Residential Trust, Inc.(MORE )
Monogram Residential Trust, Inc. (Monogram), incorporated on August 4, 2006, is an integrated self-managed real estate investment trust (REIT) that invests in, develops and operates multifamily communities offering location and lifestyle amenities. The Company focuses on increasing earnings, long-term shareholder value and cash flow through the acquisition, development, and operation of its multifamily communities and, when appropriate, the disposition of selected multifamily communities in its portfolio. The Company invests in operating communities and communities in various phases of development, with a focus on communities in select markets across the United States. These include luxury high-rise, mid-rise and garden style multifamily communities. Its targeted communities include existing core communities, which the Company defines as communities that are already stabilized and producing rental income, as well as communities in various phases of development, redevelopment, lease up or repositioning with the intent to transition those communities to core communities. Monogram's portfolio includes investments in over 60 multifamily communities in approximately 10 states comprising approximately 15,570 apartment homes.
The Company's investments may be owned by it or held through joint venture arrangements with third-party investors, which the Company defines as Co-Investment Ventures (CO-JVs). These are predominately equity investments but may also include debt investments, consisting of mezzanine or bridge loans. It holds ownership interests in over 40 operating multifamily communities containing approximately 11,970 residential units in over 10 states; over seven developments of multifamily communities (including two developments in lease up) for over 2,120 residential units in approximately three states, and one parcel of land held for future development and held by a CO-JV. It also holds interests in over four loan investments for the development of multifamily communities. Its primar! y markets include Northern California, Southern California, New England, Mid-Atlantic, South Florida, Colorado and Texas. Substantially all of its business is conducted through its operating partnership, Monogram Residential OP LP (the Operating Partnership). Its subsidiary, Monogram Residential, Inc. (MR Inc.) owns interests the Operating Partnership as its sole general partner. The remaining ownership interest in the Operating Partnership is held as a limited partner's interest by its subsidiary MR Business Trust, which is a Maryland business trust.
Advisors' Opinion:- [By Stephan Byrd]
More Coin (CURRENCY:MORE) traded up 12.8% against the U.S. dollar during the twenty-four hour period ending at 15:00 PM E.T. on October 12th. Over the last week, More Coin has traded 3.3% lower against the U.S. dollar. One More Coin token can currently be bought for $0.17 or 0.00002798 BTC on popular cryptocurrency exchanges. More Coin has a market capitalization of $349,379.00 and approximately $41,007.00 worth of More Coin was traded on exchanges in the last 24 hours.
- [By Ethan Ryder]
Legends Room (CURRENCY:MORE) traded 3.4% higher against the dollar during the 24-hour period ending at 14:00 PM Eastern on September 30th. Legends Room has a market capitalization of $851,168.00 and approximately $35,751.00 worth of Legends Room was traded on exchanges in the last 24 hours. Over the last week, Legends Room has traded 22.9% higher against the dollar. One Legends Room token can currently be purchased for about $0.43 or 0.00006334 BTC on popular exchanges.
- [By Max Byerly]
Legends Room (CURRENCY:MORE) traded 3.4% higher against the US dollar during the one day period ending at 9:00 AM ET on September 24th. In the last seven days, Legends Room has traded up 22.9% against the US dollar. Legends Room has a total market capitalization of $851,168.00 and approximately $35,751.00 worth of Legends Room was traded on exchanges in the last 24 hours. One Legends Room token can currently be bought for approximately $0.43 or 0.00006334 BTC on exchanges.
- [By Stephan Byrd]
Mithril Ore (CURRENCY:MORE) traded 8.6% higher against the US dollar during the 1-day period ending at 0:00 AM ET on September 21st. Over the last week, Mithril Ore has traded 12.8% higher against the US dollar. Mithril Ore has a market capitalization of $233,382.00 and approximately $687.00 worth of Mithril Ore was traded on exchanges in the last day. One Mithril Ore token can currently be purchased for approximately $24.22 or 0.00359182 BTC on cryptocurrency exchanges.
Top Safest Stocks To Own Right Now: Diana Shipping inc.(DSX)
Diana Shipping Inc. provides shipping transportation services. The company transports a range of dry bulk cargoes, including commodities, such as iron ore, coal, grain, and other materials in shipping routes through its ownership of dry bulk vessels worldwide. As of May 11, 2016, it operated a fleet of 46 dry bulk vessels comprising 2 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax, and 23 Panamax vessels. The company was formerly known as Diana Shipping Investments Corp. and changed its name to Diana Shipping Inc. in February 2005. Diana Shipping Inc. was founded in 1999 and is based in Athens, Greece.
Shares of dry bulk shipping company Diana Shipping (NYSE:DSX) surged more than 10% in early trading Tuesday before giving back some of their gains and closing the session up 5.9%. Get a free copy of the Zacks research report on Diana Shipping (DSX) For more information about research offerings from Zacks Investment Research, visit Zacks.com Over the past year, dry bulk vessel owner Diana Shipping Inc. (NYSE:DSX) has seen its stock fall around 3%. Meanwhile, shipping peer DryShips Inc.'s (NASDAQ:DRYS) stock has rocketed higher, more than doubling in price over the span. There are good reasons for that advance, but it doesn't make DryShips the better investment option. Here's why Diana Shipping is the better company if you are interested in the volatile shipping space. Spark Therapeutics, Inc. focuses on the development of gene therapy products for patients suffering from debilitating genetic diseases. The company develops SPK-RPE65, which is in Phase III clinical trial for the treatment of genetic blinding conditions called inherited retinal diseases caused by non sex-linked, autosomal recessive, or mutations in the RPE65 gene; and SPK-CHM that is in Phase I/II clinical trial for the treatment of choroideremia. It is also developing SPK-FIX program for hemophilia B; SPK-FVIII program to treat hemophilia A; SPK-TPP1 program for the treatment of a form of Batten disease; RhoNova for the treatment of rhodopsin-linked autosomal dominant retinitis pigmentosa; and SPK-LHON for treating Leber hereditary optic neuropathy, as well as preclinical programs in development for the treatment of Huntington's disease and other neurodegenerative diseases. The company has collaboration agreement with Pfizer, Inc. for the development and commercialization of SPK-FIX product candidates in its gene therapy program for the treatment of hemophilia B. Spark Therapeutics, Inc. was founded in 2013 and is headquartered in Philadelphia, Pennsylvania. Spark Therapeutics Inc (NASDAQ:ONCE) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 2,487,319 shares, a drop of 56.9% from the February 15th total of 5,772,685 shares. Approximately 7.1% of the company’s shares are sold short. Based on an average trading volume of 5,623,886 shares, the short-interest ratio is presently 0.4 days. Shares of Spark Therapeutics Inc (NASDAQ:ONCE) have received a consensus rating of “Hold” from the twenty-three ratings firms that are currently covering the stock, MarketBeat reports. Seventeen research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $79.91. Scrambling to bulk up their drug pipelines, big biopharma companies are increasingly turning to gene therapy. Gene therapies' potential to overcome genetic mutations in over 6,000 genetic disorders prompted Roche Holdings (NASDAQOTH:RHHBY) to acquire gene therapy pioneer Spark Therapeutics (NASDAQ:ONCE) for $4.8 billion last month. This month, Biogen (NASDAQ:BIIB) followed that news up with its $877 million acquisition of gene therapy upstart Nightstar Therapeutics (NASDAQ:NITE). Are more gene therapy deals in the works? Camelot Portfolios LLC lowered its position in iShares S&P Global Infrastructure Index (BMV:IGF) by 9.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,579 shares of the company’s stock after selling 2,365 shares during the quarter. Camelot Portfolios LLC’s holdings in iShares S&P Global Infrastructure Index were worth $929,000 at the end of the most recent quarter. First Allied Advisory Services Inc. trimmed its position in shares of iShares S&P Global Infrastructure Index (BMV:IGF) by 28.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,883 shares of the company’s stock after selling 3,560 shares during the quarter. First Allied Advisory Services Inc.’s holdings in iShares S&P Global Infrastructure Index were worth $380,000 at the end of the most recent quarter. And if you are an investor who prefers ETFs and mutual funds, there are a couple of options for you: iShares Global Infrastructure ETF (NASDAQ:IGF), and Lazard Global Listed Infrastructure (NASDAQMUTFUND:GLIFX). I would caution anybody to check the percentage of utilities that are within these baskets, just to check the utilities exposure. But, generally, not bad options to check out.Top Safest Stocks To Own Right Now: Spark Therapeutics, Inc.(ONCE)
Top Safest Stocks To Own Right Now: iShares Global Infrastructure (IGF)
iShares Global Infrastructure ETF, formerly iShares S&P Global Infrastructure Index Fund (the Fund), seeks investment results that correspond generally to the price and yield performance of the S&P Global Infrastructure Index (the Index). The Index is designed to track performance of the stocks of large infrastructure companies in developed markets, or whose stocks are listed on developed market exchanges around the world. The Index includes companies involved in utilities, energy and transportation infrastructure, such as the management or ownership of oil and gas storage and transportation; airport services; highways and rail tracks; marine ports and services and electric, gas and water utilities. The Fund invests in a representative sample of securities included in the Index that has an investment profile similar to the Index. The Fund’s investment advisor is BlackRock Fund Advisors (BFA). Advisors' Opinion:
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