Elon Musk did just enough for the Tesla (TSLA) bulls.
The unpredictable CEO made nice with Wall Street on a second quarter earnings call and reaffirmed profitability is achievable this year. Meanwhile, no word on if Starbucks (SBUX) CEO Kevin Johnson will have the same magic as Musk. Starbucks took the wraps off a new partnership with Alibaba (BABA) to deliver coffee to 2,000 locations in China by year end.
Starbucks shares are down 10% year to date amid slowing sales and profits.
Receive the free daily 'Morning Jolt' newsletter here.
Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.
Breaking down an approach to the long side of this biotech stock.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.