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Chinese State Media Call U.S. A “Rogue Country” Amid Conflict Over TikTok

Plus, democrat and republican negotiators made some progress on the next coronavirus relief bill, Ford’s Hackett is out as CEO, and Take-Two Interactive reported strong earnings results.

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Here’s How Far Tesla Shares Would Need To Fall Before This Trader Says They’re A Buy

Even as the stock surges higher, one trader says Tesla shares aren’t a buy until they fall to this level.

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Earnings Season Kicks Off With Beats From JPMorgan & Citigroup

Plus, Delta Air Lines said it is cutting in half the number of flights it had planned to add next month as the coronavirus continues to roil flight demand, 3M has teamed up with MIT to develop a rapid coronavirus antigen test, Google is reportedly in talks to make a $4 billion in Indian telecom Jio Platforms, and Ford unveiled its new line of Bronco SUVs.

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Tesla, Inc. (TSLA) – Buy Price: $895 or better

Buy Price: $895 or better Sell Price: TradersPro Sell Signal Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage. The Automotive segment offers sedans and sport utility […]

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Stocks Sink Lower As President Trump Announces News Conference “On China” Today

Plus, New Jersey Governor Murphy said the state may have to layoff 200,000 due to a $10.1 billion revenue shortage amid the coronavirus crisis, GM will reopen its American plants starting Monday, and Nordstrom shares are down after the department store reported net sales fell 40% last quarter.

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Merck Just Jumped Into The Coronavirus Vaccine & Treatment Fray

Plus, stocks are higher on optimism related to increased economic activity as economies continue to reopen, Autozone reported better-than-expected earnings, and Micron shares are up after an upgrade from Needham.

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Sonic Automotive, Inc. (SAH) – Buy Price: $25.00 or better

Buy Price: $25.00 or better Sell Price: TradersPro Sell Signal Sonic Automotive, Inc. operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, […]

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Global auto sales should decline through the rest of 2020 – that’s part of the reason MGA is a good value

Even before COVID-19 put a stranglehold on business activity, travel, and consumer demand in just about every respect (except healthcare, basic supplies and food storage), global auto sales were under pressure. The industry was hampered through most of the past two years by trade tensions between the U.S. and its largest trading partners, which included […]

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The Auto industry is under global pressure on multiple fronts – should you avoid stocks like BWA?

Even before the coronavirus pandemic started to take down entire sectors of the economy beginning in February, the Auto industry was experiencing quite a bit of bearish pressure. Sales were down globally, reflecting economic slowing in various parts of the world as well as the effects of an extended trade war between the U.S. and […]

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