– The nation's largest egg producer reported quarterly profit of $1.24 per share, 4 cents a share above estimates. Revenue was slightly below forecasts.
Cal-Maine benefitted from a rebound in egg prices following a long period of depressed prices, as consumers stocked up due to shelter-in-place orders. The company will not pay a fourth-quarter dividend, based on the metrics involved in its variable dividend policy.
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‘A Powerful Force’: Tesla’s Momentum Leads Stock-Market SurgeInvestors are favoring shares that have risen sharply in recent weeks like electric auto maker Tesla and vaccine makers, worrying skeptics who think the rally has gone too far. OXFORD is supposed to give a press conference. Will be interesting Yeah this kind of irrational exuberance means stock market crash is imminent! All markets have a cap, Tesla’s cap remains a long way off because they still haven’t explored low-cost vehicles, cycles, ATVs, ultralight aircraft and rail. They may also introduce the first fully-automated 3D printed vehicle within 36mos.
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