Forget the jobs report, this is what's REALLY hot today.
Can the electric car company's stock sustain the rally following better than expected second quarter results? Wall Street will be looking for some follow through to see if the Tesla rally is back in action. Tesla stock closed up 2.83% to $356.91 Friday.
Here is what TheStreet's founder and Action Alerts PLUS portfolio manager Jim Cramer thinks about Tesla.
GoPro said that this quarter saw a 39% reduction in inventory from last quarter, and forward weeks of supply in their channel is lower 25%. Its HERO5 Black was the best-selling digital image camera in the U.S. in the second quarter, the company added.
TheStreet talked exclusively with Intel CEO Brian Krzanich. Here is what he told us about the powerful tech stock rally (which is starting to fade). Intel stock closed slightly down Friday.
Shares of Yelp Inc. closed up 27% on Friday, as the San Francisco company announced it's selling its Eat24 food delivery service to GrubHub (GRUB) for $287.5 million in cash. The companies also formed a partnership in which Yelp will integrate GrubHub's food ordering platform into its offerings.
Yelp Co-founder and CEO Jeremy Stoppelman said the deal and the partnership would expand ordering and delivery options. The deal also provides Yelp with a financial return, as the sale price more than doubles the $134 million in cash and stock that Yelp paid for Eat24 in 2015.
The bear raid on Teva Pharmaceuticals continues on Friday, with shares plummeting 13% to $20.60 each at Friday's close. Teva remains in focus after releasing a dreadful series of news on Thursday, including a dividend cut due to pressured generic drug prices.
This analyst hammered the company on Friday.
Here is what TheStreet's founder and Action Alerts PLUS portfolio manager Jim Cramer thinks about Teva.
Snap Inc. (SNAP)
Snap finally received some vote of confidence. Martin Sorrell, CEO of British multinational advertising and public relations company WPP plc, apparently is putting a good chunk of change into the platform. Snap shares gained almost 5% to close at $13.55 Friday.
NXP Semiconductors (NXPI)
Activist investor Elliott Management's Paul Singer on Friday launched a campaign at NXP Semiconductors with an activist filing suggesting that the insurgent fund will negotiate with "potential acquirers" and financing sources.
NXP shares finished the week up 1.59% to $112.42 at Friday's close on the news.
The move comes after Qualcomm extended a $47 billion acquisition offer for NXP Semiconductors, a deal that was announced in October. It also comes after a report in May suggesting that Elliott Management wants Qualcomm to pay more than $110 per share.
Advanced Micro Devices (AMD)
Fresh off the successful release of its Ryzen CPUs, Epyc server chips and Vega GPUs, AMD is ready to debut of its long-awaited Ryzen Threadripper processors. The Threadripper is a direct response to Intel's core i9 super chip.
The Threadripper should be available before Intel's i9 and if AMD's second-quarter results are any indicator, the launch will likely help prop up its third-quarter sales. The company is already optimistic about the third quarter with an upbeat forecast and an increased full-year outlook for revenue growth. AMD stock closed slightly down Friday.
Blue Apron (APRN)
Blue Apron Holdings Inc. is moving 1,270 jobs and closing its facility in Jersey City, New Jersey, as it struggles to swing to profit about one month after its initial public offering.
The meal-kit delivery company said the plant will close in October. All of the employees at the Jersey City plant were given the option to transfer to a new plant in Linden, New Jersey, about 15 miles away, Blue Apron told CNBC. Bloomberg was first to report the news on Friday.
Employees have until October to decide if they want to transfer to the Linden plant. The number of jobs affected could shrink during that time.
Needham analyst Kerry Rice told TheStreet that moving to the Linden plant has always been Blue Apron's plan. The new facility is set to ramp up with more automation and technology than the Jersey City plant currently has.
But even though this has been the company's plan for some time now, the market sentiment toward Blue Apron is still pretty negative, Rice said.
"Information that suggests this is a new strategy could send the stock price down," Rice said.
Blue Apron stock closed down over 6% Friday.
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