Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Why Synergy Pharmaceuticals, Tesla, Tencent and More Are Trending

The markets are in the red again on Friday as all three major indexes are down by over 1%. Among the stocks trending include Synergy Pharmaceuticals Inc (NASDAQ:SGYP), Tesla Inc (NASDAQ:TSLA),Tencent Holdings Ltd (OTCMKTS:TCTZF),Flex Ltd (NASDAQ:FLEX), Lantronix Inc (NASDAQ:LTRX). Let’s take a closer look at why investors have been watching or selling those stocks.

For those of you interested in potentially partly diversifying your portfolio with hedge fund picks, check out the Insider Monkey quarterly newsletter (click the link for more details), which was up 121% since inception in May 2014 through the end of August of this year.

Tesla Motors Inc (NASDAQ:TSLA), Supercharger station, Battery, Automotive,

Taina Sohlman /

Synergy Pharmaceuticals Inc (NASDAQ:SGYP) has fallen almost 70% after the company provided a disappointing business update in which it disclosed projections of TRULANCE total net sales for the year of between $42-$47 million, which according to the company, would ‘be below the minimum revenue covenant of $61.0 million set forth in its term loan agreement with CRG’. This sparked fears among investors that Synergy Pharmaceuticals Inc (NASDAQ:SGYP) would have a funding concern due to the fact that the company would be required to repay the principal and pay prepayment penalties in an amount equal to $38 million to $51 million if the projections were to come to fruition. Mark Kingdon‘s Kingdon Capital reported a stake of 1.4 million shares at the end of June. 

Tesla Inc (NASDAQ:TSLA) shares are above $330 again and in the green after the company reported better than expected earnings recently. Shares of Musk’s company have seemingly shaken off the Wall Street Journal’s report that FBI agents are looking into whether the company misstated information concerning Model 3 sedan production and potentially misled the market about the auto maker’s business going back to early last year. Tesla Inc (NASDAQ:TSLA) shares have been on a roller coaster ride of late as Musk tweeted out the infamous ‘funding secured’ statement, only to declare shortly afterwards that Tesla would not go private any time soon. Tesla then reported better than expected earnings and revenue for Q3, which EPS of $2.90 on sales of $6.82 billion, beating the street by $2.93 per share and $770 million. 19 elite funds reported stakes in Tesla in Q2 2018, down from 30 in Q1. We track around 650 elite funds in total.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.