By Lizzy Gurdus, CNBC Tesla's Battery Day was highly anticipated but was disappointing to many. Deutsche Bank Research, however, upgraded Tesla's stock on Wednesday to a buy on what it saw as a significant technological lead versus other automakers. On the other hand, Baird named the stock a "bearish fresh pick" on a "lack of upcoming catalysts." Then there were Tesla investors, who sent share prices down 10% on Wednesday to $380.26. Tesla's stock was down 3% in Thursday's premarket. Shares are still up nearly 356% this year. One of the stock's key attributes is that investors either love it or hate it, said John Petrides, portfolio manager in the wealth management division of Tocqueville Asset Management. "There's no one that's just lukewarm on Tesla," Petrides told CNBC's "Trading Nation" on Wednesday. "Those that love it think Covid has been the great accelerator for Tesla, not only for environmental reasons,… more
– Apple stock is rebounding from the recent low. From peak to trough, the shares are down 25%. Here's how the charts set up now. – By Bret Kenwell, TheStreet.com Apple (AAPL) has been in focus in recent trading, as the shares have been faltering. In fact, most of big tech has been in focus as Amazon (AMZN), Alphabet (GOOGL)... more
By Tyler Bailey, CNBC Options traders are positioning themselves for big gains in Walmart after the company launched its subscription shopping service Walmart+ on Tuesday. The company has said that the service isn't designed to go head-to-head with Amazon's Prime service, but at $98 per year, compared with Prime's $119 price tag, it may not have to. After sustained –... more
By Keris Lahiff, CNBC Semiconductor stocks have suffered losses this week as part of the broader tech sell-off, but one trader is betting on a recovery and eventual breakout in one name. Todd Gordon, managing director of Ascent Wealth Partners, is betting on Skyworks Solutions, which largely makes cellphone chips, as a play on the 5G rollout. "They're trying to... more
It's a move that most traders would be hesitant to follow. FANG stock Netflix (NFLX) bolted nearly 12% higher on Wednesday following news that new subscribers would likely stay on board even after the pandemic subsides. All too often though, such moves are followed by a reversal. This just isn't an environment where trends last long. The more volatile the... more
– Netflix stock has fallen off investors' radars since reporting earnings almost a month ago. Let's circle back on this name as a breakout looks imminent. – By Bret Kenwell, TheStreet.com Expectations were pretty high heading into Netflix (NFLX) earnings report last month. The company reported a pretty solid result on July 16th, but the initial reaction was a move... more
The past five months have been great ones for the broad market, and even better for FANG stocks… save one. That's Alphabet (GOOG, GOOGL). It's struggled to stay ahead of the S&P 500 since the mid-March bottom, and as of this week has slipped back under it in terms of performance. It could recover. Given how perpetually weak it's been... more
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