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TESLA SAVED THE STOCK MARKET!!

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Trading Fraternity

The stock market is GOING CRAZY AFTER HOURS, after Tesla stock rises despite missing all metrics except margins. Elon Musk was upbeat on the conference call and the company pledged to speed up their rollout of cheaper vehicles. This may seem like just a company event but S&P 500 futures went up as a result after hours. It seems as if Tesla still has a big weighting and a big move can wake things up. After this and day 2 of relief, the market is fully in earnings mode and now preparing for an event filled week and the start of mega cap companies reporting tomorrow. After this brief market recap and stock analysis, I go over my portfolio and 3 stocks for tomorrow. I go over IBM stock & META earnings and why they will be so important for tomorrow. Then I go over NFLX stock and explain the ranges I am looking for if it can recover earnings. Finally, I go over SPOT stock and how their report today can lead to a bigger continuation move.

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posted by enformada4k