06 February Watchlist ๐Ÿ‘€

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Today we are watching…

1. Teslaย (#tesla)

What goes up, must come down! Teslaโ€™s unruly stock market madness continued yesterday, with an incredible 23% fall from $961 to $734. These kinds of market moves are reserved for flash crashes, biotech breakthroughs, and r/WallStreetBets. But what does Elon Musk know about rules? Analysts are blaming the sharp drop on Asian delivery delays caused by the coronavirus outbreak. However, others believe with a passionate intensity that Tesla is going to be the poster child of a broader economic bubble. Cheap talk all around. The best investors lack all emotion!

2. Peloton Interactive (#pton)

Peloton nose-dived 9% following the release of its third-quarter earnings yesterday. The company makes techy exercise bikes that allow the upper-middle class to join along in online spin classes from home. Itโ€™s a cool concept, but the economics arenโ€™t pretty. The company is losing $654,000 per day, $55 million quarterly, despite revenue increasing 77% faster than analyst expectations and connected fitness subscribers, 96%. Simply put, Peloton is peddling hard but going nowhere. Perhaps, in years past, the tech firm might have admitted defeat and conceded a noble entrepreneurial failure. However, this is 2020!

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Market Recap โ€“ September 28th ๐Ÿ’ฐ

After the 10-year Treasury yield bond fell off from its 15-year high, investors added some value back into the market, focusing all short-term attention on Fridayโ€™s PCE price index reading.

The Crude Oil Bust ๐Ÿ›ข

Surging global crude oil prices, driven by factors like OPEC+ production cuts have pushed U.S. West Texas Intermediate futures to over $95 per barrel.

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