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Buzzing Stocks: Tesla Motors Inc. (NASDAQ:TSLA), Alibaba Group Holding Ltd (NYSE:BABA) And LinkedIn Corp (NYSE:LNKD)

Posted in Automotive, Technology7 months ago • Written by SallyNo Comments

Dallas, Texas, 09/29/2014 (ustrademedia) – Tesla Motors Inc. (NASDAQ:TSLA) in a press release on Friday announced the award of a new contract for the supply of solar PV to Turkey and Ecuador. TSL in the announcement reported that it would supply 1.7MW of modules for ground-mounted solar PV plants. It also provides sufficient demonstration of the company’s diversified capability in establishing these modules in different geographic locations.

LinkedIn Corp (NYSE:LNKD) the professional networking site, reported a strong performance at the stock market on Friday. LNKD after the upgrade by analyst Cowen reported strong gains, making up for the nearly 10% drop the company reported in September. Analyst Cowen had revised the price target as well to $253 over the previous $195. In the past year, the shares of this stock were bumpy with $230 high and low of $130s.

Alibaba Group Holding Ltd (NYSE:BABA) great start showed a slouch by the end of the week on Friday. Fresh after the IPO, BABA that is the largest of the e-commerce companies in China has reported a fall of 3.7% on the stock market closing the week at $90.46. This was after the 38% gains it reported on Sept19, when it debuted on the New York Stock Exchange. BABA reported record IPO of $25 billion, despite economic fundamentals of slump in the housing market and economic slowdown. Researchers and analysts predict that the BABA will feel the impact of the slowdown anytime in 2015.

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Sally Murdock is a former newspaper section editor and reporter and is now contributing at UStrademedia. Her work has been published in national business trade magazines, and can be found on wire services, in daily newspapers, in university alumni magazines, on the web, in newsletters, and more.

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