Diamonds and Dogs
Tesla Motors (TSLA) gets banned from Jersey today and boom! The stock is up by $7 to $241. No offense to the garden state, but investors must have realized that NY and PA do border them, and for those that need a Tesla Model X, they can cross the river. It is nice to be in an electric car when you are held up at the GW Bridge.
Herbalife (HLF) fell over 7% to $60.57 after the FTC began a probe into their business practices. Although they "welcomed" the inquiry, it remains to be seen whether they are considered a pyramid scheme as investor Bill Ackman contends, or a wonderful business as Carl Icahn proclaims to anyone that will listen. One thing is for certain, there is billions at stake as these two titans continue their war over this personal care marketer.