Ed Carson

@EdCarson
18 Followers
47 Following
15 Posts
IBD News Editor by day, I write about the #stockmarket at night. I'm on #IBDLive in the morning. Gen X pop culture enthusiast. Sleep optional. @IBDInvestors
Tesla deliveries crushed Q2 views, aided by discounts and other incentives. Next up? Q2 EPS on 7/19. #BYD and Li Auto also reported record sales. Futures loom with the S&P 500 back at rally highs, but was the pullback over too soon? Nvidia, GE, JPMorgan, Marriott and HubSpot are all flashing buy signals. https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-tesla-deliveries-hit-record-market-rally-back-at-highs/
The market rally buckled midweek, but the major indexes ultimately had solid gains to near 2023 highs. Could be a bullish shakeout, but a lot of big news ahead. Market breadth is poor , but did improve a little late in the week. Not a lot of stocks flashing buy signals yet. https://www.investors.com/market-trend/stock-market-today/market-rally-shakeout-may-be-bullish-signal-fdic-takes-over-first-republic-amd-tesla-rivals-in-focus/
#BYD discounts in the China EV price war had been muted, relatively. No longer. Of course, this will put renewed pressure on everyone else, including #XPeng and #Tesla. $TSLA $XPEV
https://cnevpost.com/2023/04/07/byd-offers-extended-bigger-discount-for-seal/
BYD offers extended, bigger discount for Seal

Between April 7 and April 30, consumers who purchase the Seal can receive a combined discount of up to RMB 31,000.

CnEVPost
Market rally offered mixed messages last week. The major indexes look fine. Credit megacap techs such as $GOOGL, $META, $MSFT - but medicals/energy generally were strong, incl. $XOM $UNH $MRK. Meanwhile, growth stocks and industrial-type names hammered, including $TSLA. Some growth stocks suffered serious damage, others less so - esp. after finding support/rebounding Thursday. It's tricky though. Anyone buying heavily early last week likely paid the price. #Google #Tesla https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-jobs-report-tesla-cuts-u-s-ev-prices-again/
Futures rise, Treasury yields jump on March jobs report. Tesla cuts U.S. EV prices again. https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-jobs-report-tesla-cuts-u-s-ev-prices-again/
Strange week for the stock market. The indexes look fine but a lot of leading stocks/sectors had steep sell-offs. The jobs report looms Friday, but U.S. stock markets will be closed.
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-market-rally-rebounds-into-jobs-report-google-alibaba-flash-buy-signals/
Futures steady following last week's bearish market action last week. Tesla and CEO Elon Musk remain in the news. https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-stock-market-rally-suffers-ugly-outside-week/
Futures: After Ugly Outside Week, What To Do Now

The indexes started strong, but ended with big losses. Apple, Tesla dived.

Investor's Business Daily
The Nasdaq tumbled below its 50-day line, while other the major indexes have fallen to their worst levels in over a month. Leading stocks were hard hit. The silver lining? The market is no longer tempting traders. $AAPL $MSFT $NVDA $TSLA $AMZN https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-nasdaq-breaks-key-level-apple-dives-here-is-the-silver-lining/
Futures fall slightly. Inflation report, Fed meeting loom large this week for a choppy market rally. https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-inflation-report-federal-reserve-are-tests-for-market-rally/ $DXCM $GS $SANM $MELI $MCK $DXCM $AAPL $MSFT $TSLA
Market Shows Strength, Resilience

The S&P 500 held its 200-day, but hasn't decisively cleared that level.

Investor's Business Daily