Tesla Owner Responds to Fire, Lululemon’s PR Battles Renew, and 3 More Hot Stocks
Tesla Motors (NASDAQ:TSLA): ”This experience does not in any way make me think that the Tesla Model S is an unsafe car. I would buy another one in a heartbeat,” writes the owner of the Tesla involved in last week’s accident-turned-fire on Tesla’s blog. Shares are back in the green after a sizable drop, as the latest accident combined with what some saw as disappointing third-quarter results and caused the volatile shares to plunge.
Lululemon Athletica Inc. (NASDAQ:LULU): Lululemon is back under the spotlight after co-founder Chip Wilson makes an apology that may have had the exact opposite effect he was hoping for. “Wilson started off in decent fashion, but then ventured into no-man’s land by saying some women’s bodies ‘just don’t work’ for (Lululemon’s pants),” Seeking Alpha noted.
Google Inc. (NASDAQ:GOOG): Google has been yanked from Morgan Stanley’s Best Ideas list — although the search engine giant’s shares are up 44 percent so far this year, its multiples remain subdued compared with those of some peers; Google currently trades at 16 times the 2014 estimated earnings per share after backing out net cash/investments, Seeking Alpha reports.
Arena Pharmaceuticals Inc. (NASDAQ:ARNA): Jefferies analyst Thomas Wei remains bullish on Arena and reiterated a Buy rating and $12 price target on the stock. Wei lauds “[Arena’s] expanded partnership with Eisai that provides exclusive commercialization rights for all countries worldwide, except for South Korea, Taiwan, Australia, Israel and New Zealand” as a “positive endorsement.”
Cirrus Logic Inc. (NASDAQ:CRUS): Cirrus shares are caving more than 12 percent as the Barclays reveals that the iPad Air (unlike the past iPad models) neglects to feature a Cirrus Logic audio amplifier, with the firm submitting that there’s a possibility that Apple might stop using Cirrus’s amplifiers altogether. Cirrus does remain Apple’s iPad (and iPhone) audio codec chip supplier, but since Apple makes up three-quarters of Cirrus’s revenue, the loss of amplifier sales would still have resounding effects.
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