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Mid-day Chatter for Thursday, June 20, 2019

Reacting to the downing of a U.S. drone over the Strait of Hormuz, oil prices spiked overnight, with WTI crude soaring 3.2% to $55.49/bbl. Gold has moved to a six-year high as well.

Futures require shades this morning. Happy trading.

Tesla news? Several Trending News stories worth noting. 1. "Tesla has essentially thrown in the towel on pursuing growth in the residential solar space because it has concluded that acquiring customers is simply too expensive," the Wood Mackenzie report says. 2. Goldman Sachs keeps its entrenched Sell rating on Tesla. Goldman Sachs drops its price target on Tesla to $158 from $200 to adjust for lowered volume expectations for the second half of 2019. (both Tesla bits come from Seeking Alpha's Trending News) My question is: Will Tesla have to pay back any of the hundreds of millions of dollars it took from NY State when it opened the Riverbend factory in Buffalo?

Rosenblatt raises its Shopify (NYSE:SHOP) target from $295 to $395 after yesterday's Unite conference. $SHOP has been a very strong performer in one of my portfolios.

Amazon wants to use its network of delivery drones to keep watch over customers' houses by forming a flying Neighborhood Watch scheme, according to a new patented system. Interesting idea. Not sure that this patented system will find its way to my neck of the woods.

Deutsche Bank starts Apple at Hold with a $205 price target. The firm says Apple faces a "lull" ahead of the 5G iPhone launch next year, and US-China trade tensions continue to pressure the tech giant. Apple shares are up 1.4% pre-market to $200.70.

Canada's auto safety regulator opens an investigation into braking issues in nearly 250K General Motors full-size pickups and SUVs, after U.S. officials launched a similar probe last year. Not sure what the US investigation found, but if there is a brake issue then recall the vehicles and get it fixed.

Boeing, Amazon, and GE struck a deal in Paris on Tuesday. Amazon agreed to lease 15 additional Boeing 737 cargo freighters from GECAS, short for GE Capital Aviation Services. via deer creek vols

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