Tesla is posting up substantial numbers…
Tesla continues to soar amidst market uncertainty.
It seems like every other day, Tesla is in the news. Maybe it’s a story about Elon Musk’s latest tweet, or perhaps the headline addresses who the new front runner of the electric car race – but this company is not one that struggles for media coverage.
But today is the kind of coverage I like to see.
Yesterday, the shares of Tesla hit an all-time high. This extended the already impressive record-breaking bull run the stock has been on as investors continue to be drawn to this electrifying company. And as the stock rises, so does the company’s valuation. Tesla’s valuation has been on a tear for quite some time – and now, many are expecting that the company will soon join the S&P 500.
After Monday’s opening bell, Tesla’s market value increased to $321 billion. This kind of number makes the electric car market the 10th largest U.S. stock by market. And that isn’t the only impressive number this company is posting. On Friday, the stock closed on a record high, and on Monday, it jumped 12% – setting a new record. Pretty impressive, huh?
Where’s the money?
Earlier this month, Tesla became the largest automaker by market value – toppling Toyota in its conquest. With these massive moves, the stock is up 300% on the year.
And in July alone, Tesla has skyrocketed 55% after beating delivery estimates in the second quarter, delivering about 90,650 vehicles compared to the estimated 72,000. But many believe that Tesla isn’t done yet as many expect for the impressive stock to keep impressing
But as you know, tying your money up in one stock isn’t always the best course of action for turning fast profits.
But lucky for you, I have another way you can profit off this fast-moving bull.
Here it is…
How can I get some?
If you haven’t heard of this trading style before, it’s simple…
Day trading is the buying and selling of securities on the same day, based on small, short-term price fluctuations. This means you buy the stock at the beginning of the day and sell it before the market’s close. And while this is one of the most lucrative ways to trade, many avoid it for fear of becoming overwhelmed – it’s hard to know which of the many stocks out there are worth your time.
When you signed up for Profit Pregame, you should have received my guide to the seven stocks I trade every morning.
The stocks in that guide are the seven stocks I day trade every day and the best news? Tesla is one of them. Now, when it comes to how I day trade, I like to buy the stock in the first five minutes of the day and sell at market close – meaning I’m raking in profits daily.
So, if you feel like day trading fits your trading style and risk portfolio – try adding Tesla to your lineup. Because in my opinion, this is an unbelievable profit opportunity that you don’t want to miss.
One Last Thing…
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In the spotlight: The gates are open
On March 16 – Disney World closed its gate, and what would follow would be the longest shutdown of Disney’s history.
The wait is over because the company has officially “opened the gates” as of July 11 – marking the end of a four-month closure. And while crowds were light, the company remains optimistic as it navigates the new processes in place due to COVID-19.
But they’re not the only ones with optimism. Thanks to the success of Disney’s newest streaming service, Disney+ paired with the reopening, Goldman Sachs analyst has given the Disney stock a “buy” signal.
Brett Feldman, a Goldman Sachs analyst, specifically focused on the future of Disney+ as it has continued to laminate itself as a leader in the streaming industry. Currently, the subscription-based service holds 54.5 million subscribers, but Feld expects at least 150 million subscribers by 2025. And this kind of number could lead the stock to explode.
So, I’m sure it goes without saying, but I’m this stock is officially on my radar – and I’ll be keeping you updated as this situation evolves.