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⚡️ Tesla's Big Win
Tesla's stock jumps nearly 13% on positive China news, Apple catches an upgrade and more
Charla Hojnacki
April 29, 2024
Happy Monday Zingernation! One thing you learn quickly about the stock market is that just when you feel like you know what’s going on, it’ll do the opposite of what you were expecting. Sometimes it goes up on good news, sometimes it goes up on no news, and then sometimes it’ll even go up on bad news.
But this morning the overall market is trading higher following an upgrade to Apple’s stock as well as news that sent Tesla up more than 10% in the pre-market.
-Aaron Bry And Nic Chahine
Plus, ever hear of the concept of “one clicker payouts”? Today’s partner has all the details. Watch this video before you start trading.
And, crypto is so back. Billions of dollars are flowing into the new Bitcoin ETFs, driving prices to near all-time highs. Join thousands of engaged readers of Future Finance - our FREE digital assets newsletter.
MARKET SNAPSHOT
Last Week: Was a nice bounce-back week for the ol’ Mr. Market. The S&P 500 closed up more than 2% following its worst week of the year. Let’s see if we can keep it rolling folks.
On Our Radar: No economic data scheduled today, but it will be another week full of big earnings reports from companies like AMD, Apple, Amazon and more.
Plus: Looking to learn more about options? Join options masters Chris Capre and Matt Maley TONIGHT at 6:00 PM EST! Click here to claim your free ticket.
TOP STORY
What Happened: EV giant Tesla Inc is reportedly partnering with Beijing-based internet company Baidu Inc in an attempt to introduce its driver assistance features in China.
What Happened: The partnership will focus on providing high-precision, lane-level mapping and navigation data for China, Bloomberg reported, citing people familiar with the matter. This data is crucial for deploying Tesla’s Full Self-Driving (FSD) software in the East Asian market.
So: The report comes on the heels of Tesla CEO Elon Musk‘s unannounced trip to China over the weekend, fueling speculation about FSD’s rollout in the country.
Why It Matters: During Tesla’s recent earnings call, Musk expressed his desire to launch FSD in new markets, including China, pending regulatory approval.
Price Action: Tesla’s stock traded up more than 12% in Monday’s pre-market session on the news.
Click here for the full scoop.
PRESENTED BY TRADERS ALLIANCE
Dear Reader: Nvidia stock has been on fire this year… And while the regular gains have been spectacular...
Research shows that a new strategy that was just introduced by multimillionaire trading wizard Nate Bear could have produced BIGGER gains in one-seventh of the time!
He calls the strategy "One Ticker Payouts"...
It involves one ticker… One trade… Every week.
And in June, NVDA could have produced three winners (out of four trades)...
And $1,000 in each of the four trades would've turned into $13,700! This 243% total gain (within a month) is more than NVDA has made all year!
But that's the power of One Ticker Payouts.
How is this possible?
FIVE ZINGERS
X Marks The Spot: X users (formerly Twitter) had trouble logging onto the site or app as outages took over early Monday morning.
Grilling Gains: One analyst belives that Chipotle will keep pumping out the burritos, and gains for shareholders. Here’s the full analyst breakdown.
Let The Big Dogs Eat: The AI boom is expected to give a boost to lots of big tech companies, but here are the ones that analysts like the most.
Slice It Up: There’s enough pie to go around for everyone at Domino’s. The pizza chain posted a strong Q1 report, sending shares higher.
The Gold Standard: Gold’s rally may have slowed down a little, but here’s why one market expert sees the precious metal rallying to $3,500.
ONE FOR THE ROAD
What Happened: The U.S. economy is on the brink of a dreaded period of stagflation, a scenario where inflation rises and growth stalls, according to two economic experts.
So: The U.S. economy’s first-quarter GDP growth rate of 1.6% was significantly lower than the expected 2.5%, reported Business Insider. This is a worrying sign as it indicates a slowdown from previous quarters.
Basically: On the other hand, personal consumption expenditures, a key inflation metric, rose by 2.8% against a 2.7% consensus. This worrying combination of slower growth and rising inflation has reignited fears of stagflation.
Then: Jeffrey Roach, the chief economist at LPL Financial, warned that investors may need to prepare for the resurgence of the stagflation debate. He pointed out that if stagflation were to take hold, it would not bode well for the markets.
Click here to read more.
PRESENTED BY TRADERS ALLIANCE
Dear Reader: Nvidia stock has been on fire this year… And while the regular gains have been spectacular...
Research shows that a new strategy that was just introduced by multimillionaire trading wizard Nate Bear could have produced BIGGER gains in one-seventh of the time!
He calls the strategy "One Ticker Payouts"...
It involves one ticker… One trade… Every week.
And in June, NVDA could have produced three winners (out of four trades)...
And $1,000 in each of the four trades would've turned into $13,700! This 243% total gain (within a month) is more than NVDA has made all year!
But that's the power of One Ticker Payouts.
How is this possible?