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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