Consumer Goods Losers: Tesla Motors (NASDAQ:TSLA), Kandi Technologies Group (NASDAQ:KNDI), Lululemon Athletica (NASDAQ:LULU), Monster Beverage Corp (NASDAQ:MNST), PepsiCo (NYSE:PEP)

Posted by on Jun 20, 2014

Tesla Motors Inc. (NASDAQ:TSLA) has been making headlines recently. The automaker has been decrying the viability of fuel cells in clean transportation, opening up its technology patents to the auto industry, and showcasing how efficient its electric vehicles can be. On that last point, Tesla’s vehicles have certainly been winning acclaim for their performance and efficiency. This is somewhat surprising because conventional electric vehicles have long been criticized due to their inefficiency. Tesla has managed to rebuke this criticism with its own vehicles. Tesla Motors Inc. (NASDAQ:TSLA) stock opened today at $228.52 and is currently trading at $227.97. The stock showed a positive weekly performance of 11.93%.

Kandi Technologies Group Inc. (NASDAQ:KNDI) was obscure to the Chinese until it entered the CarShare joint venture with Geely to provide 100,000 PEV to Hangzhou, that’s when headlines were made all over the world. Kandi JV launched car leasing program and delivered 707 EV to Xiangshan community residents. Hangzhou’s license plate restriction and anticipated subsidy announcement this month are boosting demand for Kandi’s EV. Kandi Technologies Group Inc. (NASDAQ:KNDI) stock opened at $13.58, in current trading session and currently is at $13.30, by losing -2.13%. The 52 week range of $4.12 – $22.40. Company’s market capitalization is 541.89 million.

Lululemon Athletica Inc. (NASDAQ:LULU) fell the most in more than three months after an analyst at Sterne Agee & Leach Inc. said the yoga-wear retailer didn’t provide a clear strategy for improving sales at a recent presentation. Lululemon has been working to regain shoppers’ loyalty after it recalled one of its most popular styles of pants last year because they became too transparent when wearers bent over. Former Chief Executive Officer Christine Day worked to strengthen the retailer’s product testing after the debacle, and new CEO Laurent Potdevin has said he’ll work on improving the company’s clothing and expanding globally. Lululemon Athletica inc. (NASDAQ:LULU) stock is currently trading at $40.07. The EPS of the stock is 1.72. Company’s market capitalization is 7.03 billion.

Analysts at BTIG Research assumed coverage on shares of Monster Beverage Corp (NASDAQ:MNST) in a research report issued to clients and investors on Wednesday, reports. The firm set a “buy” rating and a $90.00 price target on the stock. BTIG Research’s price objective would indicate a potential upside of 23.71% from the stock’s previous close. Monster Beverage Corp (NASDAQ:MNST) stock opened the session at $72.90, and now is at $72.63. The 52 week range of the Monster Beverage Corp (NASDAQ:MNST) stock remained $51.15 – $75.63 and the day range was $71.94 – $72.93.

PepsiCo, Inc. (NYSE:PEP) announced that its second quarter 2014 earnings conference call for investors and financial analysts will be webcast on Wednesday, July 23, 2014 at 8 a.m. Eastern Daylight Time (EDT). PepsiCo, Inc. (NYSE:PEP) stock opened today at $90.14 and is currently trading at $89.62. The stock showed a positive weekly performance of 3.30%.

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