It's hump day.
So to get you over the mountain that is the week, we've compiled the top stories of the day.
Elon Musk is Picking Fights on Twitter...Again
Are you even surprised?
On Wednesday, Bloomberg reported that hedge fund manager David Einhorn said that he was ending the lease on his Model S due to its "technological issues."
He further pegged the company on its short-term production efforts and questioned the quality level of the cars rolling off the assembly line. He also said Musk appears "erratic and desperate."
According to TheStreet contributor Bret Kenwell, in the most recent quarter, Einhorn's Greenlight Capital's investor letter said its short position in Tesla was its second-largest loser during the period.
Musk may get his chance to capitalize on his short-shorts gift package to Einhorn should the company's quarterly results send shares higher. After all, Tesla stock has been under pressure lately and is down about 20% over the past six weeks. Further, the short interest still remains quite high, just under 30%.
You Gotta Consider These Stocks
RealMoney contributor Stephen "Sarge" Guilfoyle suggested that investors look into his list of 20 stocks when looking to invest.
Guilfoyle wrote, "Yes, we got news in July's waning days that U.S. gross domestic product rose 4.1% during the second quarter -- a pace unseen since 2014, and not very common since I was a much younger man. But the 800-pound gorilla in the room remains America's trade dispute with China and the fight over U.S. intellectual-property rights.
"I'm still long Citigroup (C - Get Report) , Goldman Sachs (GS - Get Report) and JPMorgan Chase (JPM - Get Report) . Jim Cramer's Action Alerts PLUS member club is also bullish on all three names," he said.
Elsewhere in tech, "I still like gamer stocks like Activision Blizzard (ATVI - Get Report) and Ubisoft (UBSFY) . I'm also still enamored with my software/cloud plays -- Adobe (ADBE - Get Report) , Microsoft (MSFT - Get Report) , Salesforce.com (CRM - Get Report) , Spotify Technology (SPOT) , and of course, FANG component Amazon (AMZN - Get Report) ."
Hey, gamer stocks are all the rage right now thanks to the rise of eSports.
Alright, enough sneak peeks into Guilfoyle's story. You have to read it yourself to know which stocks you should add to your portfolio, according to Sarge himself.
Baidu's Not Doing So Hot
TheStreet's Martin Baccardax reports that Baidu Inc. (BIDU - Get Report) shares tumbled Wednesday despite the China-based online group posting stronger-than-expected second quarter earnings as investors reacted to a report that Google parent Alphabet Inc. (GOOGL - Get Report) is planning a new censored search engine in the world's second-largest economy.
The Google plan would reportedly block certain search terms linked to human rights, democracy and religion and could be launched within the next six months. The new search engine, code-named "Dragonfly", could allow Google to make deeper inroads into China, where its main platforms, including YouTube, are blocked by the country's Cyberspace Administration.
When asked if Baidu was seeing more regulatory scrutiny of its ad content, especially in the newsfeed that makes up a fifth of group revenues, Li stressed that the group holds "very high" standards.
"We think that we should see our margins dip several points from second quarter. We've been talking about this since the beginning of the year that we intend to increase our investments in traffic acquisition," CEO Robin Li told investors on a conference call late Tuesday. "In addition to that, we'll also continue to increase our investments in content acquisition so that our feed can continue to be able to acquire traffic and push long-term content. So, I think those are the main items that we could potentially increase our budget, sales and marketing and also cost of revenues in the content line item."
Baidu fell over 8% ahead of closing Wednesday.