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Today we are watching…
1. Teslaย (#tesla)
Elon Musk is obsessed with keeping the bears quiet. Speaking on a quarterly conference call the other day, he dissed professional analysts claiming a bubble, insisting that in-tune pockets of investors, like the Invstr community, โhad much better insights.โ Befuddled professional analysts take issue specifically with the $650 valuation, a steep price relative to other automakers that has positively correlated only with Teslaโs losses. They see Musk playing a game of โwin the headline, move the stock,โ but they donโt see validation of his business model or the missing numbers from Teslaโs financial statements. Both sides will fight this one to the death.ย
2. Amazon (#amzn)
Jeff Bezosโs Amazon will be remembered as a standout performer of this earnings season. The e-commerce giant rejoined the trillion-dollar valuation club yesterday after surging 11% on the biggest earnings beat youโve ever seen! Despite shipping costs rising 43% due to the one-day delivery initiative, the company blasted profit per share expectations of $4.03 by posting $6.47, with revenue growth of 21%. By our calculations, nearly 20,000 members of the Invstr community were in on this, and most analysts are sticking with the firm as well following strong guidance.