Good Morning and Happy Friday!
Let’s start the day off with Stock and more Stock!
TSLA IS OFF TO THE RACES!
As the stock is currently up just under 5% pre-market. TSLA continues to exceed expectations and increases talks of a bubble. TLSA’s move yesterday allowed Elon Musk to become the richest person in the world surpassing Jeff Bezos, pretty remarkable considering where TSLA was just 2 years ago. 2020 was a terrible year for most but surely one for the books for TSLA and the continued move shows it wants back to back awesome years! With TSLA at these ATH numbers it will be hard to track where it goes from here, but I would not be surprised if we saw some sort of pull back since its a Friday, and most want to lock in profits going into the weekend. I will continue to stick with my $1,000 PT for the Year.
AAPL is up and about today on some news that broke yesterday regarding a partnership with South Korean Automaker Hyundai Motors. This news has been retracted to state that their are only talks currently going on. While this news is helping AAPL case regarding their new electric car, we will need to see how this all plays our over the next few trading days. I am staying strong with my $200 PT for 2021.
NIO The Chinese Electric Car maker has its NIO day over the weekend. This is an exciting day for the car company that started 2020 at a $4 stock and has now surpassed $57.00 with more room to grow. Between TSLA’s stock moving to ATH’s along with NIOS weekend announcement there can surely be some great scalps today! SPY is up along with the rest of the market and continues to hit ATH after ATH. As with most its becomes harder to track price points on areas that haven’t been hit before.
So we will continue to watch to see if we say with the trend and continue a move up or consolidate for more action next week!
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*Please note: Elite TradeZ LLC is an online platform for chats, education and alerts. All information here is for educational purposes only and are opinions made by the author. These are only suggestions of the author and not financial advice or solicitation to buy or sell equities. Trading stock and options require a high degree of skill and high level of risk. Please contact your financial advisor for any questions you made have.