Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
TESLA stock: "into the stratosphere" mode
You think it’s a rocket launch? No, it’s Tesla stock price entering “into the stratosphere” mode. $1000 per share is an inch away. At least, it was just a moment ago, and no one really knows if today or tomorrow it will get back to cross it.
Why so vertical
If we want to find reasons, there may be a mixture of several. A successful financial closure of 2019 (although with an overall 2019 annual loss), high number of Cybertruck orders (although it failed right on stage during the demonstration), Model 3 eventually getting off the assembly plant in Shanghai (although the future prognosis for the customer demand is not really bright, not to say quite gloomy), and probably a rush to buy back Tesla shares by those who believed it would fail. Although… Well, there are many “althoughs” to Tesla’s success, but the market doesn’t want to hear it right now. Therefore, use the moment to make a profit, while it is so hyped for this stock.
Wait. And Elon Musk?
You can imagine his fortunes now. Or more likely you cannot. Don’t envy Tesla, trade it.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
The US Markit will publish Flash Manufacturing and Flash Services PMIs (purchasing managers' indices) on June 23 at 16:45 GMT+3.
The Fed Chair Jerome Powell will testify on the Semi-Annual Monetary Policy Report before the House Financial Services Committee on June 22-23 at 17:00 GMT+3.
Canada will publish Retail Sales and Core Retail Sales on June 21 at 15:30 GMT+3.