If you haven’t watched the latest Tesla (TSLA) deep dive, take a minute to check it out now. In the video, I call for a target price of $100 per share, and I’m maintaining that view. Here’s what happened last night. Tesla’s earnings report was worse than expected. The company had its worst year-over-year revenue […]
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Tesla Inc
Follow This Elon Musk “Golden Rule” Heading Into Tesla Earnings Tomorrow
I’ve been tough on Tesla (TSLA) for more than six months. It’s been well-deserved. From calling it one of my least favorite stocks in the Nasdaq 100 to talking about its eventual descent to $100 – a target that I still hold – Tesla has set itself up as an easy target for the bears. […]
Wasting Valuable Time?
Seasonal trends are just that for a reason. They tend to repeat regularly enough that they become reliable enough to trade. But the market has spent the last seven weeks moving through one of the strongest seasonal periods of the year, and it feels like it’s been wasted. Over the last 20 years, the market, […]
Market Preview - Week of April 21
Earnings Summary – Where Are We Now? I know what you’re saying… Sure CJ, Microsoft (MSFT), Amazon (AMZN), and Alphabet (GOOGL) announce their results along with Tesla (TSLA). But while investors appear to be focusing solely on earnings results, there’s another flood of data hitting the market this week. On the economic side, everything from […]
Three Stocks: Tesla, Rivian, and Nvidia
Tesla Tesla (TSLA)’s stock is on the brink of its next big move. The stock has spent the last month bobbing in a tight range between $160 and $180, but its riskiest break looks imminent as it threatens to move below its bottom Bollinger Band with a close below $160 today. Bollinger Bands are used […]
Three Stocks: Tesla, SoundHound AI, and Carnival Cruise Lines
Tesla This morning’s headlines delivered the news that a lot of traders saw coming. Tesla (TSLA) reported deliveries of 386,810 vehicles for the first quarter, falling short of analysts’ expectations of 433,000. The shortfall accounts for the first decline in vehicle delivery in four years and signals longer-term difficulties for the EV giant. Wedbush referred […]
The Price Trends Don’t Lie on Tesla… But Some of the Analysts May
For more than two months, we’ve been talking about the dangers caused by Wall Street’s opinion of Tesla (TSLA) shares. If they were doing their own “Walk Down Main Street,” they would have seen… Lower global demand The loss of tax credits in the U.S. Higher prices on vehicles with lower demand Questions about the […]
Three Stocks: Tesla, Palantir, and CarMax
Tesla Dan Ives of Wedbush joined forces with Deutsche Bank to provide a double “buy reiteration” of Tesla (TSLA) shares today, but there was a little “sleight-of-hand” that went with one of the broker’s comments. Dan Ives has been a perma-bull on Tesla stock forever. I have to say I can’t blame him at all. […]
Three Stocks: Super Micro Computer, Tesla, and Krispy Kreme
Super Micro Computer Here we go again. Super Micro Computer (SMCI)’s shares are preparing for a breakthrough $1,100 on their way to our initial target of $1,250. The stock just experienced a 30% pullback from its recent highs, as traders took profits from a massive 80% rally. Consider this: That 80% rally occurred over an […]
Three Stocks: Super Micro Computer, AMD, and Tesla
Super Micro Computer Here we go! After a short spate of selling, shares of Super Micro Computer (SMCI) are on the run again after JPMorgan initiated coverage on the shares with an “Overweight” recommendation. The addition of JPMorgan to the Wall Street Analyst coverage of the stock represents the “Discovery” that I talk about in […]