Diamonds and Dogs

10/5/18

GE (GE) a bright spot in a down market. GE is trading up 4% to a new two month high with a new CEO with a new pay package. The new GE CEO, Larry Culp signed a compensation plan that could pay out $47 million in stock options if GE shares rise 50 percent by late 2022 and more if the stock keeps rising.  

Elon Musk can't help himself. Tesla (TSLA) dropped 7.1% back to a one month low after CEO Elon Musk seemingly mocked the SEC in a late Thursday tweet, just days after agreeing to a settlement with the agency over securities fraud allegations stemming from his failed bid to take the company private. Elon Musk called the SEC the, "Shortseller Enrichment Commission" on Twitter while famed short seller, David Einhorn said, "Like Lehman, we think the deception is about to catch up to TSLA."