Tesla TSLA Earnings Report 2-7-18

Tesla-Elon-Musk

Tesla-Elon-Musk

Tesla Earnings Ahead: Still All About The Model 3

Tesla reports fourth-quarter earnings after the closing bell on Wednesday, February 7. For several quarters now, the primary focus among analysts has been on the company’s ramp-up of Model 3 production. And it doesn’t seem likely to change.

This is the second time Tesla has delayed production targets for the Model 3. For the most part, analysts were upbeat that Tesla had finally set an attainable production target, although some expressed concerns that the company could need to raise more capital as it continues to burn through a large amount of cash.

forbes.com/tesla-earnings

Tesla is about to report earnings — here’s what to expect

Tesla’s stock went on a tear in 2017.

The company’s market cap is about $60 billion and CEO Elon Musk just got a new pay package that guides the company to a $650-billion market cap. But Tesla’s Q4 loss could be $3.75 per share, or more, with a full year loss of nearly $10 a share.

There has even been some chatter that the quarterly loss could be a billion bucks.

For contrast, General Motors, with a nearly equivalent market cap, reported on Tuesday that it made $6.62 per share on an adjusted basis in 2017, with revenue of $146 billion. For the year, GM made more four times as much — $13 billion — as Tesla currently has cash in the bank.

businessinsider.com/tesla-q4-earnings

TSLA Tesla Chart 2-7-18 Before Earnings

TSLA Tesla Chart 2-7-18 Before Earnings

Cryptocurrency Investing

Bitcoin Chart BTC USD sixty minute time frame 2-7-18

Bitcoin Chart BTC USD sixty minute time frame 2-7-18

Senate cryptocurrency hearing strikes a cautiously optimistic tone

In a hearing today before the Senate Banking Committee, Securities and Exchange Commission Chairman Jay Clayton and Commodity Futures Trading Commission Chairman Christopher Giancarlo opened up about what the near-term U.S. regulatory fate of cryptocurrency might look like.

In a week of plunging prices and bad news, the hearing struck a tone that coin watchers could reasonably interpret as surprisingly optimistic.

Over the course of the open hearing, Clayton and Giancarlo traded testimony over what can be regulated, what should be regulated and how, while offering a broader outlook on the long-term future of virtual currency markets and blockchain tech.

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Today's Trade of the Day | 2-8-17

EBAY Chart 2-7-18

EBAY Chart 2-7-18

EBAY traded into a solid momentum breakout before the recent stock market decline. Game planning a new swing trade long. Entry trigger comes in on a $43.15 buy stop. Profit target @ $46.50. Stop loss on a close below $42.

SPY ETF Chart 2-7-18

SPY ETF Chart 2-7-18

HEADLINE NEWS

S&P 500 Heatmap

SP 500 Heatmap 2-7-18

SP 500 Heatmap 2-7-18

Stocks to Trade | Wednesday Edition 2-7-18

MOMENTUM

Bullish Momentum: LITE, TRIP, SWKS, TPR, AMTD, AMZN, BA, CTRP, MA, KNX, EA, EBAY

Bearish Momentum: dish

Bullish Order Flow: NKTR, NFLX, AMZN, KSS, HCA, STX, AMTD, BA, EA, TGT, MA, LOW, ATVI, VFC, MAR, MSFT,  JPM, BBY, DG, DE, V

Bearish Order Flow: dvmt, scg, alk, eqt, sig, avgo, luv, cern, celg, ual, jnj

Double Normal Volume: AAPL, MSFT, XOM, JPM, QCOM, JNJ, V, CVX, MO, CAT, BA, UPS, HD, AMZN, AMTD, PM, STX, UTX, LEN, AVGO, AMGN, MA, AXP, UNH, MCD, MCD, GS, MMM, KORS, BIDU, PNC, ALL

Inside Days: bac, jpm, twtr, qcom, cvx, wmt, cat, ba, amzn, unh, mcd, gs, vlo, hon

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About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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