TSLA

Tesla Inc

Global Markets

TSLA Will Announce Earnings Today - Here's My Prediction

Last week, while the media were wringing their hands over fake news, the Dow Jones Industrial Average jumped another 354.68 points or 1.7% to close at a record 20,624.05, hitting seven straight days of record highs. The S&P 500 popped 1.5% to a record 2351.15 and the Nasdaq Composite Index gained 1.8% to a record 5838.58.  While Trump's opponents may fear for the future of the Republic, they would do better to fear for the future of their 401ks because this rally is running on fumes.

The truth is that markets thrive on investors' stupidity and we are seeing a perfect example of that today while markets rally on nothing more than hot air.  Believe me, I thought the market would rise after Mr. Trump was elected; the opportunity to rid the country of 8 years of anti-growth policies was a game-changer that promised good things in the future.  But that doesn't mean that investors should be discounting a decade of growth and two terms of promises, many of which will not be kept, in a one month period. 

The market is well ahead of itself and poised to correct.  Sentiment and other warning indicators are flashing red.  Investors chasing stocks at these levels are taking big risks. And one of the biggest risks is Tesla Inc. (NASDAQ:TSLA), which plans to announce earnings after close today.

Here's what I expect will happen…

Washington

The Blatant "Border Tax" Threat Donald Trump Gave to Businesses Today

Just this morning, President Trump issued a blatant "border tax" warning to several industry CEOs on the dangers of moving their companies' production units overseas.

"[The U.S. government is] going to be imposing a very major border tax on the product when it comes in," the new POTUS said.

Here's the precise percentage sum Trump is looking to slap on those imported U.S. goods...