This is the fierce competition the Tesla Cybertruck faces in the EV truck market

  • Up to nine manufacturers may offer EV pickups by mid-decade
  • Full-size pickups currently generate about 2.5 million sales annually
  • Who will embrace battery-powered trucks?

It took Tesla

  barely 72 hours to capture 200,000 advance reservations for its new Cybertruck, or so it claims, about four times what it expects to be its annual production volume. Whether those $100 deposits translate into sales remains to be seen. Another factor to consider is competition the new pickup will face when bows in two years.

At least seven automakers – including established manufacturers Ford

  and General Motors

 , as well as startups like Rivian and Bollinger – also have announced plans to offer electric pickups. Others makes hint they could follow.

Traditional domestics to take on Tesla Cybertruck

Ford has already teased what’s coming. It released a video showing a prototype hauling 10 double-decker railcars and 42

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Buyers Currently Outnumber Sellers In Housing Market

Piquet Realty Founder and President. Skydiver, Ironman Triathlete, JiuJitsu Fighter and Race Car Driver on the weekends.

It’s no secret that the coronavirus has changed our world. From the way we purchase groceries to our leisure choices, change is all around us. The real estate market is not excluded from that reality. Since the pandemic began, interest in real estate properties has dropped exponentially. We’re seeing record-low mortgage rates across the country as demand increases. The downside: inventory has never been lower. Even if developers are hard at work on building new properties, it’ll take some time until the inventory numbers are up again.

According to recent studies, as of July, housing inventory nationwide declined 32.6% year-over-year while newly listed properties declined 13.4%. This summer, homes stayed on the market for 18 fewer days than a year earlier. Florida Realtors Chief Economist Dr. Brad O’Connor said, “Several factors are

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Bitcoin Dips to $10.1K, Ether Drops to $330 on Sell-Off Session


Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 50%

Is it time for the bears to break out the champagne glasses? Not so fast, says Goldman Sachs. Volatility has ruled the Street for the last few weeks, leading some to conclude that those with a more pessimistic outlook had been vindicated, but the firm believes stocks can still climb higher.According to Goldman Sachs’ head of U.S. equity strategy, David Kostin, the S&P 500 could still hit 3,600 by the end of the year, and 3,800 by mid-2021, on the back of vaccine-related optimism and progress with the economic reopening. This would reflect gains of 10% and 16%, respectively, should the index ultimately reach these targets.“Despite the sharp sell-off in the past week, we remain optimistic about the path of the U.S. equity market in coming months. The Superforecaster probability of a mass-distributed vaccine by Q1

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This Level May Determine If Bitcoin Resumes Bull Market Or “Far More Trouble”

The Bitcoin price has remained relatively stable above $10,000 in the past 18 days, surprising many analysts. The resilience of BTC above the key technical level has traders cautiously optimistic.

Su Zhu, the CEO of Three Arrows Capital, said a March-like 50% drop for Bitcoin is highly unlikely at this point. He said he is “flabbergasted” by the strength of BTC above a crucial multi-year technical level.

“ETH $320 as a bottom made sense and played out; BTC, I am actually flabbergasted by the strength shown at 10k and prob means 100k is more likely than 5k at this stage,” said Zhu.

In the short term, some traders are considering both bearish and bullish scenarios for Bitcoin.

Several traders say that if Bitcoin loses the $10,000 support convincingly, it could

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Oil prices down 4% on expectations for return of Libyan crude production, global stock-market selloff


a large ship in a body of water: A tug boat sailing near the Malta-flageed Seadelta oil tanker off the coast of Libya's eastern Ras Lanuf port in 2016.

© AFP via Getty Images
A tug boat sailing near the Malta-flageed Seadelta oil tanker off the coast of Libya’s eastern Ras Lanuf port in 2016.

Oil futures fell Monday, sending U.S. prices down by more than 4%, on expectations Libyan crude will soon return to the market, while worries over a rise in European COVID-19 cases and a global equity market selloff added to the negative tone.


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“Oil prices are lower on turmoil, whether it be from mother nature or politics,” said Phil Flynn, senior market analyst at The Price Futures Group.

The return of Libya oil is weighing on prices, along with fears of more COVID-19 shutdowns, while concerns over “increasing political divides after the death of Supreme Court Justice Ruth Bader Ginsburg reduces the odds that the U.S. will get much-needed coronavirus relief,” he said in a note.

“Even mother nature is creating

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Many are chasing the stock market by day trading in the pandemic. It could end badly

  • Bored at home, more people are turning to the stock market for entertainment and profits. 
  • They’re likely to land in the red. 

a close up of a person holding a banana tree: Trying to pick stocks can be risky. Especially these days.

© Provided by CNBC
Trying to pick stocks can be risky. Especially these days.

Bored at home, many people are turning to the stock market and dabbling in day trading for entertainment and profits. 


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However, most individual investors do not have the wealth, the time, or the temperament to make money and to sustain the losses that day trading can bring, according to financial experts.

Day trading has become very popular worldwide since the onset of the coronavirus pandemic. Activity has “increased dramatically” in the first quarter of 2020 compared to 2019, according to data analyzed by Cerulli Associates. TD Ameritrade reports that visits to its website giving instructions on trading stocks has nearly quadrupled since January. Meanwhile, trading apps like Robinhood are seeing a surge

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General Electric Slides On New Build Coal Power Market Exit

General Electric  (GE) – Get Report shares traded lower Monday after the industrial group said it would exit the new build coal power market.

GE said it would continue to focus on and invest in its core renewable energy and power generation businesses, but added that getting out of the new build coal market would likely include site closings, job cuts and other “appropriate considerations for publicly held subsidiaries.” 

“With the continued transformation of GE, we are focused on power generation businesses that have attractive economics and a growth trajectory,” said Ge’s senior vice president and CEO of GE Power Russell Stokes. “As we pursue this exit from the new build coal power market, we will continue to support our customers, helping them to keep their existing plants running in a cost-effective and efficient way with best-in-class technology and service expertise.”

GE shares were marked 4.8% lower in

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Here’s Why Roku Stock Is Soaring Even Though the Market Is Down Today

What happened

Shares of connected-TV platform Roku (NASDAQ: ROKU) were climbing higher on Monday morning even though the market was broadly down. That’s because the company announced a deal with Comcast‘s (NASDAQ: CMCSA) NBCUniversal to bring its streaming-video channel Peacock to Roku’s platform. 

As of 10:15 a.m. EDT on Monday, Roku stock was up 14%. For the year, it’s up 36%, handily beating the market.

ROKU Chart

ROKU data by YCharts.

So what

Peacock was one of the few prominent streaming video-on-demand services not available on Roku. NBC’s other channels were there. But the two companies were actively negotiating a deal for Peacock. And, as of Friday, it wasn’t going well.

According to the website The Verge, all of NBCUniversal’s channels were about to be pulled from Roku, unless Roku agreed to NBCUniversal’s terms for Peacock. A Roku spokesperson told The Verge that NBCUniversal’s terms weren’t favorable. Likewise, NBCUniversal said Roku’s

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Market Leaders Drive U.S. Returns Versus Global Counterparts (NASDAQ:ACWX)

In an article last Thursday entitled “4 Stocks Have Driven U.S. Equity Gains In 2020”, I noted that the then +5.9% total return of the U.S.-focused S&P Total Market Index (ITOT) was driven by the very strong returns of just four large cap stocks – Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), and Tesla (TSLA). Collectively, these four stocks contributed all of the gross return for a broad based gauge of U.S. stocks. The rest of the U.S. equity market – totaling almost 3,700 stocks – could be viewed as down, on average, when excluding these four outperformers.

We know that the gains in the United States have been driven by the largest capitalization stocks and disproportionately in the tech sector. Two other stats from the aforementioned article bore that depiction of returns out. First, the median return – roughly the return of the 1850th ranked stock out of 3,700 –

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The Market Forces Impacting First-Time Home Buyers

By Holden Lewis

The COVID-19 pandemic has touched all phases of the home buying journey. Today’s first-time home buyers find themselves flailing in cross-currents:

  • Fearing health risks, homeowners have delayed putting their homes up for sale, limiting supply.
  • All-time low mortgage rates have encouraged even more buyers to leap into a fiercely competitive market.
  • Meanwhile, tighter mortgage standards make it a bit harder for even well-prepared buyers to get loans.
  • Average home prices rise higher, faster — beyond the affordable range for first-timers.

These public health and market forces are amplifying affordability issues for first-time home buyers, threatening to delay their dreams of homeownership. To find success, prospective buyers must be persistent, patient and preapproved.

Sellers Slam Their Doors on Buyers

Just as the spring homebuying season was gearing up, word came that the novel coronavirus could spread from person to person. Rather than risk exposure, would-be sellers withheld their

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