Diamonds and Dogs

10/25/21

Tesla's (TSLA) market cap hits a trillion dollars. The stock is up 9% after receiving a potential order from Hertz for $4 billion or a 100,000 electric cars to be added to their fleet of rental-cars. Tesla is now the second fastest company ever to reach the trillion dollar mark, taking just over 11 years since its public debut in June 2010. Facebook did it faster, although its market capitalization is now below $1 trillion as the stock has sold off over the past two months. The other U.S.-listed members of the trillion-dollar club include Apple Inc., Microsoft Corp., Alphabet Inc. and Amazon.com Inc.

Kimberly-Clark (KMB) down once again. The consumer discretionary stock is down 3% following better than expected earnings as revenue rose 7.0% to $5.01 billion. The company did lower guidance due to inflation on their cost side while the supply chain woes continue and won't be resolved any time soon. The company is looking to raise prices on a number of their products to mitigate their rising costs.

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