Why Tesla Popped Despite Bad Earnings

besides Elon being a spin doctor
 
   
     
   
 
APRIL 25, 2024
   
TUCCI’S TWO CENTS
Tesla Isn’t A Car Company
 

Last night, Tesla (TSLA) reported subpar first quarter earnings… Which should have sent shares plummeting.

But Elon Musk is arguably one of the most skilled individuals at putting a positive spin on a bad headline.

And that’s exactly what he did.

 

— The Prosperity Pub Team
 
 
“Set It And Forget It” For Your Trades!?

We’ve all done it… Sat glued to the computer after placing a trade, hoping not to miss out on gain.

But what if you could set a profit target as soon as you enter a trade… and walk away?

And what if the stock only had to move about 1% before the trade closes out automatically at your target?


Sound like magic? It’s not — it’s Automated Options!
SCOTT WELSH’S TICKER TALES
Time for Dividends? (ARES)
 

There’s always a Bull Market somewhere.

So we’ve been told.

And it’s usually true.

Even when the market is tanking–as it has been for the past few weeks–there are almost always sectors that are doing okay.

For example, if tech is doing terribly then something boring is probably doing well.

Or if AI stocks are tumbling as traders lose their risk appetite, then more “sure-thing” stocks are probably turning upward.

And we’re starting to see that play out.

As the market has become bearish, traders are moving toward dividend-paying stocks. Why? They want to get paid while the market flounders.

Ares Management is a good case-in-point.

It has a nice dividend yield (above the market average) and, not surprisingly, has been doing well lately.

Here’s the chart:

 
 

A break above $139.50 could lead to a nice surge, and a nice dividend payment along the way.

We’ll keep an eye on it.

Happy trading,
— Scott Welsh

P.S. As a reminder, these plays are based on my longer-term Weinstein Stage Analysis method. The charts above use weekly candles and a 30 week simple moving average. For details on this method, see my explanation on this Ask The Pros episode starting at timestamp 20:45.
   
 

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