Tesla Inc. (NASDAQ:TSLA) stock dropped 12.2% in September, according to data from S&P Global Market Intelligence. Shares of the electric-vehicle specialist are down 5.3% in 2018 through Oct. 3.
For some context, the S&P 500 returned 0.6% last month and 11% so far this year.
Model 3. Image source: Tesla.
So whatThe saying "what a difference a day makes" applies to Tesla's September (along with being a late 50s Grammy-winning song by Dinah Washington). Shares were on track to close the month up slightly, when -- BAM! -- they plummeted 13.9% on the last day of the month, Friday the 28th.
The culprit was news out the previous day that the Securities and Exchange Commission (SEC) was suing Tesla and Elon Musk for the CEO making "false and misleading public statements and omissions [that] caused significant confusion and disruption in the market for Tesla's stock and resulting harm to investors," according to the Washington Post. The suit unnerved many investors because it was looking at permanently removing Musk as Tesla's CEO and chairman, among other things.
Top Stocks To Own Right Now: KMG Chemicals, Inc.(KMG)
Advisors' Opinion:- [By Shane Hupp]
KMG Chemicals (NYSE:KMG) released its quarterly earnings data on Monday. The specialty chemicals company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.28, MarketWatch Earnings reports. The firm had revenue of $122.39 million for the quarter, compared to the consensus estimate of $121.10 million. KMG Chemicals had a net margin of 11.87% and a return on equity of 16.21%.
- [By Joseph Griffin]
Brown Advisory Inc. increased its stake in KMG Chemicals, Inc. (NYSE:KMG) by 37.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,895 shares of the specialty chemicals company’s stock after acquiring an additional 48,374 shares during the period. Brown Advisory Inc.’s holdings in KMG Chemicals were worth $13,051,000 at the end of the most recent reporting period.
- [By Shane Hupp]
Huntsman (NYSE: KMG) and KMG Chemicals (NYSE:KMG) are both basic materials companies, but which is the superior stock? We will compare the two companies based on the strength of their risk, earnings, dividends, institutional ownership, valuation, profitability and analyst recommendations.
- [By Joseph Griffin]
Morgan Dempsey Capital Management LLC lowered its stake in KMG Chemicals, Inc. (NYSE:KMG) by 57.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,424 shares of the specialty chemicals company’s stock after selling 20,490 shares during the period. Morgan Dempsey Capital Management LLC owned 0.10% of KMG Chemicals worth $925,000 at the end of the most recent quarter.
- [By Motley Fool Staff]
KMG Chemicals (NYSE:KMG) Q3 2018 Earnings Conference CallJun. 11, 2018 5:00 p.m. ET
Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks:Operator
Top Stocks To Own Right Now: Energy Transfer Equity, L.P.(ETE)
Advisors' Opinion:- [By Matthew DiLallo]
Energy Transfer Partners LP (NYSE:ETP) rallied more than 11% by 11:15 a.m. EDT on Thursday after agreeing to merge with its general partner Energy Transfer Equity (NYSE:ETE).
- [By Ethan Ryder]
Energy Transfer Equity LP Unit (NYSE:ETE) was upgraded by analysts at US Capital Advisors from a hold rating to an overweight rating.
Energy Transfer Partners (NYSE:ETP) was upgraded by analysts at US Capital Advisors from a hold rating to an overweight rating.
- [By Matthew DiLallo]
On the company's first-quarter conference call, the management team of Energy Transfer Equity (NYSE:ETE) and Energy Transfer Partners (NYSE:ETP) let investors know they're working on a transaction to simplify their corporate structure. CEO Kelcy Warren stated that the deal would "most certainly be a structure whereby ETE acquires ETP." That's because they've "looked at every scenario possible to us," according to Warren and "don't see any mathematical scenario that makes any sense other than that one."
Top Stocks To Own Right Now: CRA InternationalInc.(CRAI)
Advisors' Opinion:- [By Ethan Ryder]
Get a free copy of the Zacks research report on CRA International (CRAI)
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- [By Max Byerly]
Systematic Financial Management LP purchased a new position in CRA International, Inc. (NASDAQ:CRAI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,615 shares of the business services provider’s stock, valued at approximately $1,130,000. Systematic Financial Management LP owned about 0.27% of CRA International at the end of the most recent quarter.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on CRA International (CRAI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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