05 February Watchlist 👀

 

Today we are watching…

1. Tesla (#tesla)

Tesla’s gone vertical. An almighty market surge over the past 48 hours has added 32% to the company’s record highs. We all know this is a bubble, and the bulls and bears of the Invstr community are out in full force to debate whether to go long or short, heads or tails, red or black. Let them fight! If rationality is restored, this could be the short opportunity of a lifetime. However, it’s impossible to time the tops and bottoms. A strong stomach will be required in case it’s still another few days before a real pullback. Musk is desperately raising money, lapping up billions in added net worth, and celebrating with flamethrowers on Twitter. Many bet against him at $500. If the stock climbs to $1000 today, it’s lights out for those folks. 

2. Spotify (#spotify)

Last year, Spotify threw everything it had at podcasting. Longer listening sessions per user increase the chance of premium account upgrades, because who wants their flow interrupted by pesky ads. The company announced progress in paying subscriber numbers last quarter, and that’s why analysts have revised profit expectations for today’s earnings release. The company is tipped to halve its losses to 16 cents per share, instead of 38, on revenues of $2.1 billion. In the next few years, Spotify will need to become self-sustainable. It’s been twelve years already, and zeal among its backers to keep it funded is running thin. Analysts are all saying the right things, however. Subscribers are growing, and the firm is “close!” 

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Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

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