Elon Musk did just enough for the Tesla (TSLA) bulls.
The unpredictable CEO made nice with Wall Street on a second quarter earnings call and reaffirmed profitability is achievable this year. Meanwhile, no word on if Starbucks (SBUX) CEO Kevin Johnson will have the same magic as Musk. Starbucks took the wraps off a new partnership with Alibaba (BABA) to deliver coffee to 2,000 locations in China by year end.
Starbucks shares are down 10% year to date amid slowing sales and profits.
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Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
Breaking down an approach to the long side of this biotech stock.
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