|Day Low/High||630.04 / 657.20|
|52 Wk Low/High||70.10 / 884.49|
My feeling is that TSLA can be traded from either side at these levels, but right now I'm trying to sit on my hands.
As noted earlier, I have added to my Tesla short in the pre-market. I am now between medium-sized and large-sized.
"At-the-market deals are often deployed by smaller public companies, like biotech firms that don't generate product sales or profits. Lately, however, bigger names have taken advantage as well. In addition to Hertz, Red Robin Gourmet Burgers unveile...
This morning I will rip up the script of "continuing divergences" because it is clear as day and my offering up the observation provides little "value added." It is astonishing to me that Tesla is trading higher in the pre-market on the news of the...
The narrowness of the trading action may actually be more of a positive than a negative.
Splits by AAPL and TSLA and the Dow's rebalancing lead to little change in the market action.
Market players aren't dumping stocks, they are just looking for better opportunities.
I think ZM will probably exceed expectations this evening. Tonight's guidance will draw even more focus than it has in the past.
Apple's weight in the (price-weighted) Dow Jones Industrial Average, effective this morning, will be reduced from 12% to 3% -- based on the company's 4-1 stock split. In response to that split, Amgen , Honeywell , and Salesforce are being added to t...
September, not October, is historically the weakest month of the year for equity markets, though October has had more high profile collapses.
We'll see if the Apple and Tesla splits and DJIA rebalancing has any impact on the current trend.
Causing some concern is that volatility indices such as VXX and UVXY are running higher despite the strength in the indices.
These companies will benefit immensely as the country experiences a burst of economic growth.
There is major rotational action taking place but the flood of liquidity is preventing any real downside from developing.
Companies such as BigCommerce, Walmart and Veoneer have seen massive gains on pretty questionable news catalysts.
Speculative trading in lower-priced stocks has dried up and the small caps have been much tougher.
Domination of the EV market is about to end. How quickly price will acknowledge that fact is another question.
On Tesla I would add: Despite protestations from @stoolpresidente and others, a Tesla stock split produces no new value -- and has led to a price increase of nearly $200 billion in market value. Further, such a split will not add new investors. ...
*Investigate! Look at the volume in the August 28 calls (expiring tomorrow!) in Tesla . 25,000 August 28 $2200 calls. 31,000 August 28 $2250 calls. 32,000 August 28 $2300 calls. By comparison there is little trading in Tesla August 28 puts. So...
Yesterday Jefferies increased its price target for Tesla from $1250 to $2500. Not one member of FIN TV who reported the upgrade questioned a doubling in the price target of the company based on no new incremental information. Not one. That is one...
It isn't just valuation that is likely to drive rotational action.
If financial markets any indication, a lot must be expected from Fed Chair Powell Thursday morning. Plus, two guys to never bet against.
The real action was in a smaller group of software and technology stocks that leaped higher following a strong earnings report from Salesforce.com.
In this market where all bets are on -- look at CRM, TSLA, AAPL -- sometimes I have to remember my mom's advice on when to ring the register.
There is plenty of chasing of the strength which is an indication that FOMO is in overdrive again.
The negative developments that the market timing bears have been anticipating just aren't occurring.
But here's how I would approach the stock if you really want to get involved now.
Jim "El Capitan" Cramer and Robert Maurer on Tesla's shares, Elon Musk, Tesla's Battery Day, and Tesla's Advantages.
Let's look at what currency moves, the possibility of inflation and real yields could mean for stocks.