Tesla Wraps Up Worst Week Since July on Slow-Going Model 3
Elon Musk went from flying high after his successful SpaceX launch to watching Tesla Inc. shares fall back to Earth.
The electric-car maker’s stock dropped 9.7 percent this week, the biggest one-week slide in seven months. The decline — which has been steeper than the broader market selloff — has been fueled by concerns surrounding Tesla’s Model 3 sedan.
The automaker reported fourth-quarter results after the market closed Wednesday that included a dramatically reduced cash burn and unchanged production targets. But Musk disclosed during the earnings call that a new automated battery line is still in Germany, leading some analysts to fear further delays.
Tesla clarifies Musk’s Model 3 promise amid worst week for the stock since July
Tesla Inc. stock notched its worst week since July as concerns about the Model 3 production ramp lingered and the Silicon Valley car maker moved to clarify that it has all the equipment in place to meet its targeted rate of production for the mass-market sedan.
Tesla TSLA, -1.53% shares fell 9.7% in the week ended Friday, their worst weekly showing since the week of July 7 amid steep weekly losses for the broader stock markets. Tesla stock closed down 1.5% on Friday at $310.42, its lowest in slightly more than two months.
JPMorgan Publishes The “Bitcoin Bible”
Five months after Jamie Dimon’s infamous outburst, in which the JPM CEO called Bitcoin a fraud, and threatened any JPMorgan trader caught trading cryptocurrencies with immediate termination “for being stupid…”
…which was followed by JPM’s head quant alleging bitcoin was a pyramid scheme, the largest US bank has released what can only be called the “Bitcoin Bible”: 71 pages of excruciating detail on everything from the technology of cryptocurrencies, to their applications and challenges.
Today's Trade of the Day | 2-12-18
AAPL offering a new momentum swing trade (not order flow.) Game planing a $158 buy stop to trigger the entry. If the stock price reaches $165, I plan to take profits. Stop loss comes in on a close below $156.
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S&P 500 Heatmap
Stocks to Trade | Monday Edition 2-12-18
Bullish Momentum: URBN, TWTR, EVHC, SWKS, LITE
Bearish Momentum: SLB, COP. ESRX, HES, UTX, YUMC, CVS, TSLA, DAL, HAL, APA, NWL, DHI, LEN, AAL
Bullish Order Flow: HCA, NKTR, EA, KSS, DG, MA, LOW, TGT, BBY
Bearish Order Flow: SLCA, EQT, UPS, SCG, CGNX, APA, CERN, UAL, SLB, LRCX, XOM, LUV, CVX, PG, LLY, AVGO, ALL, HCN, KHC, CBS, AGN, EIX, PM, DUK
Double Normal Volume: AAPL. TWTR, MSFT, NVDA, XOM, NWL, QCOM, SLB, DAL, ATVI, V, EXPE, NFLX, AMZN, TSLA, UTX, UPS, DHI, SKX, AXP, KORS, MCD, COF, MMM
Inside Days: mrvl, teck, bax, pgr