Diamonds and Dogs
Verizon (VZ) is up 2% on an upgrade at Deutsche Bank with a $56 price target. The analyst expects a return to (normalized) service revenue growth for the first time since late 2014 with margin improvement. Verizon is the largest player deriving nearly 90% of EBITDA from wireless. The analyst sees potential upside from Verizon's 5G and Oath efforts.
Tesla (TSLA) down 4% due to concerns of sabotage. The CEO of Tesla released a statement today saying he was dismayed to learn this weekend about a Tesla employee who had conducted quite extensive and damaging sabotage to our operations. This included making direct code changes to the Tesla Manufacturing Operating System under false usernames and exporting large amounts of highly sensitive Tesla data to unknown third parties. I wonder if it was China?