Tesla and Google made the day

Tesla and Google made the day

Tesla is flying to the moon

Tesla stock surged by more than 20% on Monday and closed at $780. Analyst at Argus Research increased forecast for Tesla to $808 citing continued revenue growth from the legacy Model S and Model X, as well as strong demand for the new Model 3. The company’s quarterly earnings surpassed expectations and it set a goal to “comfortably” sell more than 500,000 vehicles this year. Moreover, Tesla reported that production of its next vehicle, a compact SUV called the Model Y, was ahead of schedule.  

Although usually, the price tends to correct down after an extensive growth like that, it might be difficult to pinpoint the exact moment when investors decide to take a breath making the buying frenzy pause. The level of $800 is a psychologically attractive number and may draw the price to it. Here some players may succumb to profit taking. At the same time, earlier, the level of $700 also looked like an impressive obstacle and yet it has failed to stop the carmaker’s surge. So, will it be too bold to say that the stock is targeting $1000? Probably yes, but remember that everything is possible in the market and Elon Musk may be a kind of wizard after all.

Tesla weekly.png

Google disappointed by not by much

Alphabet Inc., the parent company of Google, has delivered its earnings report. The financial numbers for Q4 disappointed: the Q4 revenue was $790 million less the forecast mainly because of weak hardware sales. However, the dip of the price was only temporary. The giant’s core segments are doing very well, so buyers quickly rushed in to pick up the stock. Google’s overall revenue increased by 19% in 2019 to $162 billion compared to $137 billion in 2018 – isn’t that impressive?  

One of the major changes what that Google has revealed the YouTube revenue, which used to be a top secret before. It turned out that the video site brought in $15 billion last year. That’s below analysts’ estimated that went from $16 billion to $25 billion. Still, no one has any doubts that YouTube is going to bring plenty of cash in the future. That’s why the stock keeps performing so well.

Google.png

There are more stocks that will make big moves this week, so follow the news.

LOG IN

Similar

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera