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July 26, 2020
On Friday, July 24, 2020, Tesla, Inc. (TSLA) stock closed at 1,417.00-96.07 (-6.35%). Shares of Tesla had a 5-day performance of -5.59%. On a YTD basis, the performance for Tesla stock is +238.73%.
Stock market data: Marketwatch
Stock market data: Stockscharts
July 11, 2020
A higher close for the US stock market, Dow Jones gained more than 350 points, Nasdaq made a new 52-week high, yes it underperformed. Latest stock market news for July 10, 2020.
S&P 500: 3,185.04,+32.99(+1.05%)
Dow 30: 26,075.30,+369.21(+1.44%)
Nasdaq: 10,617.44,+69.69(+0.66%)
Russell 2000: 1,422.68,+23.76(+1.70%)
The CBOE Volatility Index (VIX) index closed lower at 27.29-1.97 (-6.73%).
Tesla, Inc. (TSLA) stock was a stock mover closing above the 1,5000 level, at
1,544.65,+150.37 (+10.78%).
Source: Stockscharts.com
WiMi Hologram Cloud Inc. ADR (WIMI): 14.63, +10.79 +280.99%
Wah Fu Education Group Ltd. (WAFU): 7.18,+ 2.18 +43.60%
Inspired Entertainment Inc. (INSE): 3.28,+ 0.85 +34.98%
Golden Bull Ltd. (DNJR): 1.82, -0.58 -24.32%
Centogene N.V. (CNTG): 13.30, -3.77 -22.09%
Seres Therapeutics Inc. (MCRB): 4.51, -0.99 -18.00%
NIO Inc. ADR (NIO): 14.98,+ 0.41 +2.81%
WiMi Hologram Cloud Inc. ADR (WIMI): 14.63,+ 10.79 +280.99%
American Airlines Group Inc. (AAL): 11.94,+ 0.76 +6.80%
Stock market source: https://www.wsj.com/market-data/stocks
Stock market news, performance for the business sectors.
The Financials sector was the best performing sector +3.48%, Healh Care was the worst performing sector -0.22%.
Source: Fidelity
All data about the stock market, stocks, stock investing, stock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com.
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Investing in stocks, choosing stocks to buy, stocks to sell is not an easy task. Speculators ignore the fundamentals of stocks and buy or sell stocks only to profit from short-term price movements. This is the game of the stock market. Tesla (TSLA) stock on Friday, July 10, 2020, made a new 52-week high and closed at 1,544.65,+150.37 (+10.78%).
Two reasons:
1.Net income
2. Free cash flows
After 10 years of going public Tesla (TSLA) struggles to make a profit. And yet some Wall street analysts increase their price target on Tesla. For the years 2019, 2018, 2017 and 2016 the net income (in thousands) for Tesla was -862,000, -976,091 ,-1,961,400, and -674,914 respectively.
The free cash flows (in thousands) for the same years were 968,000, -221,714, -4,142,008 and -1,564,300 respectively. Turning to the quarterly numbers for the free cash flows, the figures for the last 4 quarters were -921,000, 976,000, ,346,400 and 590,399.
Stock market data: Yahoo Finance
The market is pushing Tesla stock higher on hopes and expectations of an inclusion soon in the S&P 500 based on profitability for the last 4 quarters. Even if this is the case the valuation of Tesla stock to my financial analysis does not justify this stock price, and is too overvalued. The catalyst that Tesla will be a dominant player in the electric cars is not credible as competition is too intense from other car manufacturers. For now speculators drive the Tesla stock much higher. But even if the stock is included in the S&P 500, after such a big stock rally, who will drive the stock price higher?
I do not own or have sold any shares of Tesla, but this stock has moved too fast and too high without any solid fundamental reason.
June 28, 2020
TSLA stock price closed at $959.74 ,-26.24 -2.66% on June 26, 2020. Shares of Tesla (NASDAQ:TSLA) had a weekly performance of -4.11% for the week ending on June 26, 2020.
Stock market data: Stockscharts,MArketWatch
June 14, 2020
TSLA stock closed at 935.28-37.56 (-3.86%) on Friday June 12,2 2020. For the week ending on June 12, 202o TSLA stock had a performance of +5.60%. Shares of Tesla, Inc. (NASDAQ:TSLA) made a new 52-week the previous week. Tesla stock has a 52-week range of 211.00 – 1,027.48. Tesla stock has a Beta (5Y Monthly) of 1.17, and a PE Ratio (TTM) N/A. Tesla has a market capitalization of 173.471 Billion as of June 12, 2020.
Stock market data: Yahoo Finance, MarketWatch
Source: Stockscharts.com
“Tesla stock gets two downgrades, falls below $1,000.Tesla Inc. stock lost some of its luster Friday after Goldman Sachs and Morgan Stanley moved to downgrade the shares, saying there are risks investors might have ignored as they rewarded the company with a dizzying valuation.
Tesla TSLA, -3.86% shares fell on Friday but garnered a weekly gain of 5.6%. The shares closed at a record $1,025.05 on Wednesday.”
Source: https://www.marketwatch.com/story/tesla-stock-gets-two-downgrades-falls-below-1000-2020-06-12
June 7, 2020
Tesla Inc.(NASDAQ:TSLA) stock performance for the week ending on June 5, 2020, was -1.39%. TSLA stock price has a 52-week range of 207.51 – 968.99 and a P/E ratio that is N/A. TSLA stock has a YTD performance of +111.71%. Shares of Tesla, Inc. have a beta of 1.23, and the company has a market cap of $164.27B.
Stock market data: MarketWatch
Source: Stockscharts
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March 29, 2020
Tesla, Inc. (TSLA) stock closed at 514.36-13.80 (-2.61%) on Friday, March 27, 2020. TSLA stock for the week gained +20.31%.
Stock market data: MarketWatch, Stockscharts
February 13, 2020
Two very important news about Tesla stock today:
The pre-market trading for the Tesla stock as of 9:02 AM EST time shows the stock is trading at 744.11 -23.18 (-3.02%).
Stock market data: Yahoo Finance
February 6, 2020
Another day with strong gains for US stocks, and all major US stock market indexes closing higher. Dow 30 had the biggest gains, followed by Russell 2000. This is the stock market update at close on Wednesday, February 5, 2020:
Biogen Inc. (BIIB) was among stocks biggest gainers closing at 332.87+49.58 (+17.50%).
Tesla, Inc. (TSLA) was among stocks biggest losers closing at 734.70-152.36 (-17.18%).
Snap Inc. (SNAP) was among most active stocks closing at 16.19-2.79 (-14.70%).
Energy was the best performing sector +3.78%, Real Estate was the worst performing sector -0.07%.
Notable earnings today include Twitter (TWTR), Uber (UBER), Intercontinental Exchange (ICE), Dunkin’ Brands (DNKN), Kellogg (K), Tyson Foods (TSN), Yum! Brands (YUM), Spirit Airlines (SAVE), Cigna (CI) before market open; Wynn Resorts (WYNN) after market close.
All data about stocks , stock investing, stock trading is taken from Yahoo Finance, Fidelity and stockcharts.com.
This report is written by Stavros Georgiadis, CFA , Equity Research Analyst, Investment Strategist.
February 5, 2020
US stocks continued their rebound moving higher. A stock market rally led all major stock market indexes higher.Nasdaq made a new record close. This is the stock market update at close on Tuesday, February 4, 2020:
Evoqua Water Technologies Corp. (AQUA) was among stocks biggest gainers cl0sing at 24.01+3.47 (+16.89%).
Micro Focus International plc (MFGP) was among stocks biggest losers closing at 10.02-2.67 (-21.04%).
Tesla, Inc. (TSLA) was among most active stocks closing at 887.06+107.06 (+13.73%).
Information Technology was the best performing sector +2.60%, Utilities was the worst performing sector -1.03%.
Notable earnings today include Merck & Co Inc (MRK), iRobot Corp (IRBT), General Motors Co (GM), Qualcomm Inc (QCOM).
All data about stocks , stock investing, stock trading is taken from Yahoo Finance, Fidelity and stockcharts.com.
This report is written by Stavros Georgiadis, CFA , Equity Research Analyst, Investment Strategist.
