If you owned stock in Tesla Motors (NASDAQ: TSLA ) going into this year, you've probably made a pretty penny. In fact, Tesla stock has gained more than 100% in the past month with the stock now trading around $90 a share. However, it could be a bumpy ride going forward. The electric-car maker's disruptive retail strategy is catching heat from state lawmakers and dealership associations that could prevent Tesla from selling its cars in certain states.
Road-blocking the future
North Carolina's Senate Commerce Committee unanimously approved a proposal last week for a law that, if passed, could cripple Tesla's chances of selling its zero-emissions vehicles in the state. The North Carolina Automobile Dealers Association, which supports the bill, argues that Tesla's direct sales model threatens the livelihood of the state's licensed auto dealers, according to Raleigh's News & Observer.
Top Integrated Utility Companies To Own For 2014: World Precision Machinery Ltd (B49.SI)
World Precision Machinery Limited, an investment holding company, engages in the manufacture, supply, and distribution of stamping and complementary machines, and metal parts in the People�s Republic of China. The company�s products include conventional and CNC stamping machines; high performance and high tonnage stamping machines, which are used to produce automotive parts, such as car hoods and doors; and bending, cutting, and CNC punching machines, as well as complementary machines. It serves the automotive, home appliances, railway, and aerospace industries. The company also exports its products to southeast Asia, Europe, South America, and South Africa. World Precision Machinery Limited markets its conventional, high performance, and high tonnage stamping machines under the WORLD brand. The company was formerly known as Bright World Precision Machinery Limited and changed its name to World Precision Machinery Limited in April 2011. The company is based in Danyang Ci ty, China. World Precision Machinery Limited operates as a subsidiary of World Sharehold Limited.
Top Integrated Utility Companies To Own For 2014: Affymax Inc.(AFFY)
Affymax, Inc., a biopharmaceutical company, engages in the development of drugs for the treatment of serious and life-threatening conditions. It develops peginesatide (Hematide), which has completed Phase III clinical trial for the treatment of anemia associated with chronic renal failure. Hematide is a synthetic peptide-based erythropoiesis stimulating agent designed to stimulate production of red blood cells. The company has strategic alliance agreements with Takeda Pharmaceutical Company Limited and Nektar Therapeutics AL, Corporation to develop and commercialize Hematide. Affymax, Inc. was founded in 2001 and is based in Palo Alto, California.
Advisors' Opinion:- [By Jonas Elmerraji]
Nearest Resistance: $2
Nearest Support: $1.55
Catalyst: Turnaround MurmursAffymax (AFFY) is seeing surprising trading volume on the Nasdaq today for a third session in a row. The sudden spike in the biopharmaceutical firm surrounds earnings -- not the numbers per se but the comments made by management during the earnings call. Speculators think that those comments could bode well for AFFY's diabetes drug, but the rumors are still very much just that.
Between hints at bankruptcy and management opting to fire themselves, AFFY has been in freefall in 2013. Even though the stock has more than doubled this week, it's still down 90% on the year. And at this point, headline risk is still far too high to consider this stock a high-probability trade.
If you've got skin in the game and want to speculate on AFFY's fortunes, that's one thing. Buying because of this week's price action alone would be a mistake.
Top Paper Stocks For 2014: Xstrata(XTA.L)
Xstrata plc operates as a diversified metals and mining company in Switzerland and internationally. It primarily explores for copper, thermal or energy coal, metallurgical or coking coal, nickel, zinc, ferrochrome, platinum, and vanadium; palladium and rhodium; and gold, cobalt, iron, lead, and silver deposits. The company?s operations and projects span in various countries, including Argentina, Australia, Brazil, Canada, Chile, Colombia, Congo Brazzaville, Germany, Ireland, Mauritania, New Caledonia, Norway, Papua New Guinea, Peru, the Philippines, Spain, South Africa, Tanzania, the United Kingdom; and the United States. It also develops, markets, and implements technologies and services used in mining, mineral processing, and metals production. The company was founded in 1926 and is headquartered in Zug, Switzerland.
Top Integrated Utility Companies To Own For 2014: King Solomon Mines Ltd (KSO.AX)
King Solomon Mines Limited, through its subsidiaries, engages in the acquisition, exploration, and development of mineral resource properties in China. It primarily explores for gold, copper, and other metallic deposits. The company�s properties located in the Sonid Zuoqi county, Inner Mongolia include the Marmot copper�molybdenum�gold project that covers an area of 39.7 square kilometers; Sonid North gold project covering an area of 24.8 square kilometers; and Naogaoshandu gold project, which covers an area of 47.2 square kilometers. It also holds interest in Bu Dun Hua porphyry copper�molybdenum project covering an area of 25.1 square kilometers in the Wengniute County, Inner Mongolia. The company was founded in 2003 and is based in Auckland, New Zealand.
Top Integrated Utility Companies To Own For 2014: Savient Pharmaceuticals Inc(SVNT)
Savient Pharmaceuticals, Inc., a specialty biopharmaceutical company, focuses on developing KRYSTEXXA, a biologic PEGylated uricase in the United States. The KRYSTEXXA is being developed as a treatment for chronic gout in patients refractory to conventional therapy. The company also sells and distributes branded and generic versions of oxandrolone, a drug used to promote weight gain following involuntary weight loss. It sells its products directly to drug wholesalers. The company, formerly known as Bio-Technology General Corp. and changed its name to Savient Pharmaceuticals, Inc. in June 2003. Savient Pharmaceuticals, Inc. was founded in 1980 and is headquartered in East Brunswick, New Jersey.
Top Integrated Utility Companies To Own For 2014: Synergetics USA Inc.(SURG)
Synergetics USA, Inc., a medical device company, engages in the design, manufacture, and marketing of microsurgical instruments and consumables primarily for ophthalmology and neurosurgery markets in the United States and internationally. The company?s product lines focus upon precision engineered, microsurgical, handheld devices, and the microscopic delivery of laser energy, ultrasound, electrosurgery, aspiration, illumination and irrigation that are delivered in multiple combinations. It offers retinal surgical items, including handheld disposable and reusable forceps and scissors, fiberoptics for illumination and photocoagulation, cannulas, scrapers, and other reusable and disposable surgical devices. The company also provides bipolar electrosurgical generators; lesion generators used for minimally invasive pain treatment; and directional laser probes, as well as offers gauge instrumentation to the vitreoretinal surgical market. It sells its products through direct sale s employees, distributors, and independent sales representatives. The company was founded in 1991 and is headquartered in O?Fallon, Missouri.
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