The equity markets had a bit of a tizzy last week. The damage wasn’t too serious, since the major indices are still within 2% of the all-time highs. However Tesla (NASDAQ:TSLA) had an OK week overall. Yes, TSLA stock 2.5% on Friday but it was only to retest the breakout from three days before that.
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Market sentiment definitely suffered a blow and that is really what matters most. Reality is not what drives stock price is in the short term. How people feel about things is a powerful motivator. Sentiment has soured and....More>>>
In 1940, automaker Henry Ford said, “Mark my words: a combination airplane and motorcar is coming.” Ford was teased for the statement, but now, decades later, the same technologies that power drones and steer autonomous vehicles could launch flying cars. Thus, this concept has gone “from the pages of sci-fi comics to the skies of our cities,” as noted by Morgan Stanley in Jan. 2019.
Just 82 years later, flying cars are a reality.
In fact, over the last few weeks, XPENG AEROHT, the largest flying car company in Asia and an affiliate of XPENG (NYSE:XPEV),....More>>>
Stocks fell Tuesday as investors weighed the highly contagious delta variant's impact on the economic recovery, a tumble in U.S. retail sales in July and a same-store-sales miss by Home Depot (HD) - Get Report.
Jim Cramer and TheStreet Senior Portfolio Analyst Jeff Marks d