In recent months, the Coronavirus pandemic, and the U.S – China trade tensions have hit the U.S extremely hard and this has resulted in a GDP falling a historic -32.9% in the second quarter of 2020, slowing down from -5% in the previous period.
The earnings report, which is expected to be released on January 29, 2020, might help the stock move higher if these key numbers are better than expectations. On the other hand, the stock may move lower, if the company fails to live up to expectations. According to the Wall Street Fact Set, is revenue of $6.45 billion, down 4% from the year-ago period but up 10% from the third quarter! The consensus on adjusted earnings is $1.65 per share, down 15%.
Tesla stock debuted at less than $20 a share in 2010. It hit $200 in 2014. And now, after strong deliveries in the fourth quarter and the successful launch of a new factory in China, it's above $500 — giving the company the highest valuation of any U.S. carmaker ever.
Shares of TESLA, which have been doubled since October, when it reported a surprise quarterly profit.
$TSLA continues to forge higher but last few days the stock shows some weakness in the upside run. The price closed on Friday little lower after stock market plunged concerns of new virus uncertainty. As we know there are a lot of traders shorting this stock from last few days because of RSI Overbought & the price close to the 3rd Resistance pivot on the daily.
According to Gulf Brokers, in short-term If the earnings go well the share will shoot up to 600$. Otherwise, it will face the next pullback to $500.
Many food delivery companies which are in a boom, now faces further competition as lockdown demand eases. As a result, the food delivery sector is undergoing a major consolidation right now, and more are expected. Recently Uber (NYSE: UBER) finally got its food delivery company, acquired its competitor Postmates after the company lost out in a bid for Grubhub last month. Meanwhile, Grubhub (NYSE: GRUB) was purchased by Amsterdam-based Just Eat Takeaway (AMS: TKWY) last month and this merger creates the largest food delivery business in the world outside China.
Bitcoin went through its third 'halving' last month without much public attention. Bitcoin 'halving', occurring every four years, only took place twice in the past.
Spike in new coronavirus cases in the countries including the US, China, South Korea, Australia, New Zealand and Japan fuelled fears of a second wave of coronavirus infections. As per the recent report, worldwide, the total confirmed cases of Covid-19 have reached over 8,975,000, with over 468,000 deaths and 4,448,000 recoveries.