Oil prices rebounded slightly on Friday but are still expected to show losses for the week due to concerns about slowing growth in the US and China. US crude futures rose 2.7% to $70.41 per barrel, while the Brent contract increased by 2.5% to $74.33 per barrel.
Tesla surpassed $1000
2020-06-30 • Updated
A leaked email from Elon Musk states: Tesla may avoid loses in the second quarter. If he is right, the company will be included in the S&P 500.
“Breaking even is looking super tight,” CEO Elon Musk wrote to the Tesla stuff. “Really makes a difference for every car you build and deliver. Please go all out to ensure victory!”
The Tesla stock price rose by 141% during this year. The tech giant even outrun its main rival Toyota and became the world’s most valuable carmaker. Its market cap reached 183 billion dollars.
Tesla bet all estimates, when reported profits for the first quarter of the year. Now, analysts again anticipate that the company will lose 2 dollars per share as the automaker stopped production for almost two months amid the coronavirus pandemic. Maybe this time they are wrong again as the company has a lot of tools to reach its goal. For example, Elon Musk may cut expenses and boost sales. Stakes are really high. The upcoming inclusion in the S&P 500 will add the support to the company.
The Tesla stock is moving upward. It may meet the resistance at the recent high of June 10 at $1,025. It has hugely exceeded pre-virus levels. Nevertheless, if some negative factors weigh on the stock, it may dip down to $960. The next support will be at $915. Follow further news!
More and more analysts are sure Brent oil will surpass $100 a barrel. So how heavily will oil move the markets, and what will the direction of the movement be? Let's find out!
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Let's dive into the world of gold. Currently, the price of gold, represented by XAUUSD, is stuck in indecision, hovering around the $1,975 mark. The market is anxiously awaiting two important factors: the release of the Federal Reserve's meeting minutes and the extension of the US debt ceiling.
Hey guys, this is the last full trading week in May, and many forward-looking individuals like myself are already preparing themselves to seize whatever opportunities June may have in store. On this note, I will review a few commodities that have satisfied my quest for swing-trading opportunities in the coming month. Follow me!
The Bank of England (BoE) has dramatically shifted its economic forecasts. They no longer expect a recession in the UK and have upgraded their growth projections. This year, the BoE predicts GDP growth of +0.25%, a significant improvement from previous expectations. Next year's forecast is even more optimistic, with a projected growth of 0.75%.