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Market Overview

Zings Of The Day July 20, 2011

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Shares of Tesla Motor (NASDAQ: TSLA) rose sharply today after it disclosed a $100 million deal with Toyota (NYSE: TM) to provide parts for an electric version of the Rav4. Great. So Americans automotive future rests on Japan. Haven't I seen this one before?

Several banks are weighing bids for parts of nationalized Irish lender Anglo Irish Bank Corp.'s U.S. real-estate portfolio. I wonder if a 6 pack of Guiness and potatoes are part of the portfolio.

The iPhone is conquering Asia, as sales there nearly quadrupled from a year ago and helped Apple Inc. (NASDAQ: AAPL) crushed estimates. Didn't Godzilla do this too?

 

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