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We'll Tell You When It's Time to Tap Tesla

A week ago today, in a strategy story aimed at helping you survive and thrive in today’s whipsaw markets, Chief Investment Strategist Keith Fitz-Gerald told us to put Tesla Motors Inc. (Nasdaq: TSLA) on our “watch lists” for a likely future purchase.

“BP, Tesla is a definite ‘shopping list’ stock,” Keith told me back then. “We’ve been nibbling at it here, and have played it successfully several times. But it’s not yet at the point where I’m ready to jump all the way in. I think my rationale behind Tesla remains upbeat. I mean, you’ve got a real winning combination here – a disruptive sales model, a CEO who’s the most innovative guy on the planet, all the capital in the world that can be brought to bear. I don’t give a rat’s [tail] that New Jersey won’t let the company sell its cars there. There are much bigger opportunities. Wait ’til you see what the company does with China.”

March 2008 Archives - 5/16 - Money Morning - Only the News You Can Profit From- Money Morning - Only the News You Can Profit From.

  • Despite Last Week's Head Fake, the Greenback is Raring to Resume its Decline

    Jason Simpkins Associate Editor The dollar made a small rally last week, taking much of the upward pressure off commodities. But that rally may be short-lived, as many analysts expect the dollar to continue its downward decline after its brief rally. The dollar traded as high as $1.511 per euro Thursday, which put it within […]

  • Three Ways to Own Silver Before it Reaches $30

    Leprechaun investors found their pot of gold four days before St. Patrick's Day, when gold broke the historic $1,000 an ounce mark. The chief reason for gold's ascent is simple. Gold is a "safe haven." When economic and geopolitical turmoil rears up, investors scurry for gold. And the billions in subprime write-downs and the failing […]

  • Could the "Final Four" Be the Final Nail in the U.S. Economy's Coffin?

    By William Patalon IIIExecutive EditorMoney Morning/The Money Map Report When you consider everything that American consumers have been through in the past year – the subprime mortgage crisis, the collapse of the housing market, the ensuing global credit crisis, soaring prices for oil, gold and such daily household staples as milk and dairy products – […]

  • Russian Steelmaker Severstal Forges Deal for the Historic Sparrows Point Mill Near Baltimore

    By William Patalon III Executive Editor Money Morning/The Money Map Report Russian steelmaker OAO Severstal said today (Friday) that it's agreed to acquire ArcelorMittal (MT) SA's historic Sparrows Point steel mill near Baltimore, in an $810 million deal that will expand its U.S. reach. It expects to conclude the all-cash deal in the second quarter. […]

  • With Dollar Diving, Morgan Stanley Debuts New India and China Currency ETNs

    By Mike Caggeso Associate Editor Last week, Morgan Stanley (MS) began issuing two new exchange-traded notes (ETNs) that give exposure to the Indian Rupee and the Chinese Renminbi. The Market Vectors-Chinese Renminbi/USD ETN (CNY) and Market Vectors-Indian Rupee/USD ETN (INR) will trade on the New York Stock Exchange. Van Eck Global will market the ETNs […]

  • CITIC Securities Backs Out on Bear Stearns

    By Jennifer YousfiManaging Editor CITIC Securities Company Limited, which recently announced it would not be pursuing its cross-investment strategy with The Bear Stearns Cos. Inc. (BSC), probably feels like it dodged a bullet. The original deal, first mentioned in October 2008, had CITIC, the security firm subsidiary of China's state-controlled CITIC Group, making a $1 […]

  • Billionaire Joseph Lewis Maneuvering for a Better Bear Stearns Deal

    By Mike Caggeso Associate Editor Down more than $1 billion from his 8.4% stake in crippled financial giant The Bear Stearns Cos. Inc. (BSC), British billionaire Joseph Lewis said he'll try to steer Bear Stearns away from the U.S. Federal Reserve-backed JP Morgan & Chase Co.'s (JPM) acquisition offer of $2 per share. Lewis said […]

  • Four Rules That Will Protect Your Wealth and Boost Your Profits Even if We're Battling the British Contagion

    By Keith Fitz-Gerald Investment Director Money Morning/The Money Map Report With the recent market collapse, the subsequent U.S. Federal Reserve-negotiated sale of The Bear Stearns Cos. Inc. (BSC), and a central bank that's socializing trillions of dollars in debt in a misguided attempt to "fix" the credit crisis, many investors are very astutely asking: How […]

  • Commodities Fall Out of Favor as the Dollar Strengthens

    By Jason Simpkins Associate Editor Commodities, which have been some of the most profitable investments of the past 18 months, tumbled yesterday (Thursday). Oil and gold were just a few of the raw materials whose prices plummeted on speculation that demand will slacken and the dollar will rebound in coming months. Crude oil fell below […]

  • Global Investing Roundups

    Wall St. Takes Good Friday Off; Intel Kicks Dividend up 10%; Borders Halts Dividend; Verizon and AT&T Bid Big; Leading Economic Index Lags; Pepsi Juices Russia's Market; Unemployment Gathers Steam; FedEx Fails to Deliver The U.S. markets closed the week yesterday (Thursday) in observance of the Good Friday holiday, today. The blue-chip Dow Jones Industrial […]