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(RTTNews) - Western Digital Corp. (WDC) will host a conference call at 4:30 PM ET on April 30, 2020, to discuss Q3 20 earnings results.

(RTTNews) - Seattle Genetics Inc. (SGEN) will host a conference call at 4:30 PM ET on April 30, 2020, to discuss Q1 20 earnings results.

(RTTNews) - Duke Realty Corp. (DRE) will host a conference call at 3:00 PM ET on April 30, 2020, to discuss Q1 20 earnings results.

In this episode of Industry Focus: Consumer Goods, Emily Flippen and Motley Fool contributor Dan Kline take a deep dive into Disney (NYSE: DIS). They discuss its various properties -- parks, Marvel Studios, streaming service, ESPN, etc. -- and how the shutdown is impacting each

Congress has already approved close to $2.7 trillion in fiscal aid to states, businesses, and individuals to cushion the blow of the coronavirus pandemic. And according to a new report from Goldman Sachs (NYSE: GS), another $1 trillion could be coming out of Washington in the n

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Consumer stocks were mostly lower, with McDonalds (MCD) sinking more than 2% after earlier reporting Q1 earnings trailing Wall Street expectations and the fast-food giant saying the COVID-19 pandemic was causing "dramatic changes" in consumer behavior.

(RTTNews) - Mortgage rates, or interest rates on home loans, reach all-time low mark, according to mortgage provider Freddie Mac (FMCC.OB).

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What happened Shares of Axos Financial (NYSE: AX) were trading sharply higher on Thursday, after the company reported better-than-expected earnings for the third quarter of fiscal 2020. In early trading, shares were up 13%. As of 12:30 p.m. EDT today, they were still up around 7

The market expects Acadia Pharmaceuticals (ACAD) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2020. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powe

The market expects Prestige Brands (PBH) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2020. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful fact

The market expects Turtle Beach (HEAR) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2020. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor

Electric vehicle maker Tesla (TSLA) takes its place as one of the most controversial names on Wall Street; either you love it or you hate it. However, even the company’s naysayers can’t deny it's on a roll recently, with its stock up 98% year-to-date and delivering a surprisingly solid first quarter performance.

During its most recent quarter, Tesla reported earnings on gross margin that flew past the consensus estimate, with OpEx also coming in well below expectations. Looking specifically at its Shanghai plant, the company believes Model 3 production will achieve a rate of ~4,000 cars per week (~200,000 per year on a run rate basis) by mid-2020 thanks to robust progress at the site. It should be noted that in the first quarter, only the Standard Range Plus version of the Model 3 was produced in China. However, in April, the Long Range and Performance Model 3 versions were added to the lineup.

Writing for Needham, five-star analyst Rajvindra Gill expanded on this, noting, “...the gross margins of China-produced Model 3s mirrors those produced in Fremont. Gross margin is expected to further improve on lower manufacturing costs. Partially offsetting this is TSLA's decision to reduce the price of the Standard Range Model 3 in China starting May 1 to qualify for government subsidies on EVs.”

Adding to the good news, Model Y vehicle production in Fremont has been ramping up since January of this year through the use of new production lines as well as shared capacity with Model 3. After kicking off deliveries of higher-ASP Model Y variants during the quarter, gross margin landed in the green. Not to mention Tesla has been bumping up capacity for Model Y at Gigafactory Berlin and Gigafactory Shanghai, with deliveries slated to begin in 2021.

That being said, these positive developments weren’t enough to convince Gill to join the bulls.

“Given the uncertain macro environment, TSLA declined to give N-T profit guidance or reaffirm its prior guidance of 500K deliveries in '20. Thus, we remain cautious on TSLA's performance for the remainder of 2020, as automotive demand has largely collapsed in the US and Europe due to the impact of COVID-19,” Gill explained.

Especially concerning for the analyst, though, is the closure of its factory in Fremont due to the county-wide shelter-in-place order. While the plant was originally supposed to reopen on May 4, this date was further delayed. As a result, Gill thinks the shutdown will have a significant effect on Tesla’s second quarter earnings, with management also declining to provide near-term earnings and free cash flow guidance.

Gill added, “In the long-term, we continue to expect margin pressure from declining sales of higher-margin Model S & X vehicles (gross margins of 25-30%), a lower mix within Model 3, and competitive pressures from other automotive OEMS as they launch their EVs over the next few years.”

To this end, Gill left an Underperform call on the electric car company, while declining to set a specific price target. (To watch Gill’s track record, click here)

Turning now to the rest of the Street, other analysts are also cautious when it comes to Tesla. 6 Buy ratings, 10 Holds and 10 Sells add up to a Hold consensus rating. At $595.15, the average price target brings the downside potential to 28%. (See Tesla stock analysis on TipRanks)

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Twitter TWTR reported first-quarter 2020 non-GAAP earnings of 11 cents per share that beat the Zacks Consensus Estimate by 10%. However, the figure decreased 70.3% year over year.Revenues grew 2.6% year over year to $807.6 million, which beat the Zacks Consensus Estimate by 4.5%

In the past week, Delta Air Lines DAL initiated the first-quarter 2020 earnings season for the airline stocks. The carrier incurred a loss as the coronavirus-led weak air-travel demand resulted in an 18.2% fall in passenger revenues.

In trading on Thursday, the MLP ETF is outperforming other ETFs, up about 2.9% on the day. Components of that ETF showing particular strength include shares of Genesis Energy, up about 9.4% and shares of TC Pipelines, up about 5.6% on the day.

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