Tesla Readies for EV Rival, Netflix Usage to Double, and 3 More Hot Stocks
Tesla Motors (NASDAQ:TSLA): News that General Motors (NYSE:GM) plans to launch an electric vehicle with a 200 mile range for around $30,000 has hardly cast a shadow over Tesla shares; the rumored EV is reportedly still in the earliest of developmental stages. Morgan Stanley’s take is that the Tesla story has years to play out: “We find the inclination of many rational investors is to do nothing. We sort of agree.”
Netflix Inc. (NASDAQ:NFLX): A forecast from TDG says that Netflix will see U.S. streaming usage of 26 billion hours by 2018, or about double the level the company will see this year. While its usage figures bode well for Netflix, its subscription rate growth is predicted to level out in 2020 as challengers continue to populate the industry.
Boeing Co. (NYSE:BA): Boeing announced that it will be expanding its its manufacturing capacity in Helena, Montana, as demand for Boeing’s commercial aircraft continues to remain robust. The manufacturer will be pumping $35 million in investments to add 55,000 square feet of manufacturing space, which in turn will add 20-25 people to the existing workforce.
Safeway Inc. (NYSE:SWY): Safeway added to last week’s gains after announcing a one-year shareholder rights plan. Seeking Alpha notes that “the poison pill appears to be a reaction to a large accumulation of shares” and involves one preferred stock purchase right to be distributed for each common share held on September 30.
Aflac Inc. (NYSE:AFL): ”We determined that the product did not meet our sales targets and profit objectives,” Aflac CEO Dan Amos said in an emailed statement regarding the Aflac’s decision to withdraw from the U.S. Medicare supplement market after only a year.