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Tesla

XM Research

XM Research - 2 weeks ago

Market Comment – Stocks in the green, dollar stable as next batch of US data awaited

Stocks feeling more positive following the US PMI miss Busy earnings calendar as focus remains on US data prints Dollar/yen remains a tad below 155 ahead of the BoJ meeting Aussie benefits from stronger CPI report Market wants more of the PMI surveys medicine The recent US data prints and particularly the mid-April inflation report has clearly alarmed the market of the possibility that the Fed could keep its rates unchanged in 2024. This is quite a shift considering that i
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XM Research - 3 weeks agoNeutral

Technical Analysis – Is Tesla’s bearish spiral about to end soon?

The week begins with Tesla stock hitting new lows. Critical support trendline raises hopes for a bullish reversal Q1 earnings to be announced on April 23 after the bell   Tesla’s stock started Monday’s session with a downward gap, hitting a nearly 18-month low of 138.84, before ending the day with minimal gains at 141.88. With a substantial portion of the January-July 2023 uptrend retraced, investors are now watching closely to see if there will be a bullish rotation in the
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XM Research - 3 weeks ago

Tesla Q1 Earnings: Poor deliveries point to disappointing results – Stock Markets

Tesla reports earnings on April 23 after market close Weak delivery data set the ground for downbeat financials Valuation is overstretched despite a 35% YTD stock decline   Devastating start to the year Tesla has been steadily among the ten worst performing stocks of the S&P 500 in 2024 as investors have been raising concerns over the firm’s growth outlook.
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XM Research - 1 month agoBearish

Tesla stock has a bumpy path so far in 2024 Remains exposed to additional bearish actions Support could be next found around 155   Tesla’s stock finished the first quarter of 2024 on the downside. Having lost nearly 33% so far this year, questions remain about whether the price could experience a meaningful rebound amid falling demand for electric vehicles and increased competition in China.
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XM Research - 2 months ago

Apple and Tesla lag the Magnificent 7 pack – Stock Markets

Magnificent 7 propel US indices to record highs Apple diverges due to lack of AI initiatives Tesla also suffers from weakness in Chinese market   AI leads the way The so-called Magnificent Seven group comprised of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla has been the driving force behind the consecutive all-time highs observed in the major US equity indices. The tech behemoths have largely benefited from the Artificial Intelligence (AI) mania, with
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XM Research - 2 months ago

Are there more AI growth opportunities to be priced into the markets?

Nvidia skyrockets and drives the S&P 500 to new records Demand for chips continues to surge, AI enters consumers’ life There maybe more AI growth opportunities to be priced in But downside risks on high valuations and geopolitics do exist Nvidia beats already optimistic estimates Just last week, the investor favorite Nvidia beat out Amazon and Alphabet to take the third place as the most valuable company in the US by market capitalization, and although the chipmaker’s
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XM Research - 3 months ago

Magnificent 7 earnings assert dominance, focus shifts to Nvidia – Stock Markets

Magnificent 7 earnings endorse their relentless rally Tesla lags, while Apple shows some signs of weakness Valuations are stretched despite rosy projections   In their own world The so-called Magnificent Seven group comprised of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla has gone parabolic since early 2023, outperforming the broader US stock market by a wide margin.
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XM Research - 3 months ago

Is the 5,000 milestone in sight for the S&P 500? – Stock Markets

Mega-cap stocks drive S&P 500 towards 5,000 milestone AI and tech dominate the bull charge to unchartered territory But how sustainable is the uptrend? A wobbly start to 2024 It wasn’t the best start for Wall Street in 2024 as the major indices stumbled during the first week of the new year. However, it didn’t take long for Fed rate cut expectations to take off again and revive risk appetite.
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XM Research - 4 months agoBearish

Technical Analysis – Tesla stock to fall on missed earnings; bulls could be near

Tesla stock to open lower on disappointing Q4 earnings October’s low in focus as oversold conditions detected   Tesla’s stock finished Wednesday’s session on a negative note but remained supported above the 206 level, which has been restricting both upside and downside movements over the past four years. The latest bearish cycle started after the bulls proved unsuccessful in crossing above the broken support-turned-to-resistance trendline drawn from January 2023, while also fa
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XM Research - 4 months ago

Market Comment – Euro turns to ECB decision, Tesla earnings disappoint

Euro drifts ahead of ECB decision, dollar awaits US GDP data Gold retreats as solid business surveys dampen rate cut bets  Tesla earnings miss estimates, Chinese stocks bounce back ECB to steer markets to summer rate cuts The spotlight will fall squarely on the European Central Bank rate decision today. Market pricing suggests the ECB will do nothing, so the action in financial markets will come mostly from the commentary by President Lagarde.
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XM Research - 4 months ago

Tesla announces earnings results amid price cuts – Stock Markets

After a strong 2023, Tesla starts 2024 on a very weak note Price cuts and other negative developments weigh Yet, it has the most expensive valuation within the ‘Magnificent 7’ group The EV giant announces results on Wednesday, after the closing bell Is another drop in earnings looming? Tesla’s stock made an impressive start in 2023, surging from a low of around 113 to a high of 281 in July.
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XM Research - 4 months ago

Market Comment – New Year selloff eases despite Fed ambiguity, dollar falls back

Fed minutes dent hopes of early rate cut but markets perk up anyway Higher services PMIs lift sentiment in Europe and Asia, boosting US futures too Dollar rebound pauses for breath, oil jumps on supply concerns Fed rate cut bets little changed after December minutes Markets wavered after the Fed published the minutes of its December policy meeting on Wednesday as investors weighed the prospect of rate cuts amid mixed signals from policymakers.
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XM Research - 5 months agoNeutral

Technical Analysis – Tesla shares climb, but remain in a downtrend

Tesla shares reach two-month high, break above trendline Short-term outlook positive, but still in broader downtrend Break above 269 needed for longer term picture to improve   Tesla shares have risen steadily over the last couple of months, breaking above some key moving averages and a downtrend line taken from the peaks of July.
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XM Research - 7 months ago

Market Comment – Stocks pummelled as yields and oil extend gains, dollar firms ahead of Powell

Bond yields continue to rise as surging oil prices add to higher for longer case Stocks pressured as higher yields start to bite, earnings disappoint Oil and gold ease from highs but eye more gains amid ongoing tensions in Mideast Markets unsettled by geopolitics as oil rallies Stock markets fell deeper into the red on Thursday after widespread losses yesterday on the back of the tense mood in the Middle East that has fanned the rally in crude oil, which in turn is pushing up
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XM Research - 7 months ago

Market Comment – Investors add to Fed hike bets after solid US retail sales

US retail sales rise more than expected, bolster Fed hike case Pound slides on slowing wages, rebounds on sticky inflation Aussie and kiwi aided by China’s GDP beat; loonie supported by higher oil prices Wall Street ends mixed; gold extends gains on safe-haven flows Dollar receives support, yields surge on US retail sales beat The US dollar traded mixed against the other major currencies on Tuesday, gaining against the pound, the yen, and the kiwi, but losing ground versus
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XM Research - 7 months agoNeutral

Technical Analysis – Tesla stock in symmetrical triangle ahead of earnings

Tesla stock generates a symmetrical triangle pattern Battles with 50-day SMA ahead of its earnings call on Wednesday Momentum indicators suggest a cautiously negative tone Tesla’s stock has been generating a structure of lower highs but higher lows after peaking at the 2023 high of 298.70 in July. In the near term, the price experienced a minor pullback, which got curtailed by the 50-day simple moving average (SMA) as earnings announcement looms.
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XM Research - 7 months ago

Week Ahead – US retail sales and UK CPI data enter the spotlight

After US CPIs, US retail sales may also impact Fed hike expectations Will the UK inflation numbers increase the chances for another BoE hike? Aussie and Kiwi traders await Australia jobs report and New Zealand’s CPI China’s GDP could also impact those commodity-linked currencies Will retail sales allow the dollar to extend its recovery?
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XM Research - 7 months ago

Can Tesla’s earnings overshadow valuation risks? – Stock Markets

Tesla expected to report sharp decline in earnings for Q3 Valuation is still stretched, leaving stock price vulnerable Earnings to be released after market close on October 18   Tesla slashes prices For most of this year, Tesla has been cutting the price of its vehicles in an attempt to stimulate demand. The company also slashed the price of its premium driver assistance software for similar reasons.
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XM Research - 8 months agoBearish

Technical Analysis – Tesla stock drops below 50-day SMA

Tesla stock experiences a pullback from September high Dipped beneath its 50-day SMA before recouping some losses Further declines could send the price to test the crucial ascending trendline Tesla’s stock has been undergoing a solid downside correction after peaking at the 278.00 region in mid-September. Despite yesterday’s green candle, the short-term indicators are pointing to more losses in the near-term as the MACD is below the red signal line and the RSI is hovering in it
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XM Research - 8 months ago

Market Comment – Stocks perk up ahead of US CPI and ECB tests, dollar resumes climb

Markets steady as US data and ECB decision awaited Wall Street starts week on optimistic note Yen eases slightly as dollar back on the front foot, pound unfazed by jobs data Calm prevails ahead of big tests Markets remained in a cautiously risk-on mode on Tuesday as hopes that China’s economic meltdown is stabilizing and that central banks are nearing the end of their tightening cycle shored up sentiment ahead of some key events lined up this week.
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