Image Source: I am highly confident this is the extent of the Tesla () rally. I truly wish the company a great future, but I believe it will be years, perhaps many years, before it works its way through all that overhead supply.That’s Prolly About ItLet This Be Your Last BattlefieldTesla Price Sequel

Image Source: Elon Musk delivered a terrible quarter and tries to appease Tesla () investors with more hype. Tesla chat courtesy of StockCharts.Com, annotations by MishSpotlight Elon MuskThe Wall Street Journal comments  Tesla on Tuesday announced something totally unexpected from a company run by Elon Musk: a compromise. The surprise passage of its highly anticipated first-quarter results came in the outlook statement. “We have updated our future vehicle line-up to accelerate the launch of new models ahead of our previously communicated start of production in the second half of 2025.” I see this differently. Musk will say anything to protect share price. How is this different than any of the thousands of promises Musk has made and not delivered?Ans look at the date, always a year away.The Wall Street Journal continues This [tomorrow story] is exactly what investors wanted to hear after a wave of doubt about the company’s commitment to producing a new mass-market car. The shares rose about 10% in Wednesday trading. But there was a twist: The company went on to explain that these new models will combine elements of both its current production platform and its “next generation” one under development. That means cost savings will be lower than previously expected, but so will capital spending as existing production capacity can be adapted to the new products. Tesla won’t be opening new factories dedicated to a cut-price vehicle any time soon. In other words, Tesla is trading radicalism for speed of delivery and capital efficiency, at least in the […]

Image Source: Health insurance giant Humana Inc. () saw its stock price plummet by more than 5% on Wednesday after the company  its financial guidance for the year 2025. The decision to pull the guidance was attributed to uncertainties surrounding federal rate adjustments for Humana’s core Medicare Advantage business, which plays a crucial role in the company’s operations and overall performance. Humana Beats EPS Expectations for Q1 Despite the setback, Humana beat earnings expectations for the first quarter of 2024, reporting an adjusted earnings per share (EPS) of $7.23, surpassing the FactSet consensus estimate of $6.12. However, the company’s net income for the quarter declined to $1.01 billion from $1.61 billion a year ago, indicating a decrease in profitability compared to the previous year.Despite earlier warnings that higher medical costs could negatively impact future results, Humana has successfully kept its medical costs in line with projections. The company’s ability to manage these costs effectively has been a positive factor amidst the uncertainty surrounding the Medicare Advantage business. Humana Stock Down 36%+ Over the Past Year Looking ahead, Humana remains optimistic about the long-term performance of its Medicare business but has cautioned investors about potential challenges and the need for a recovery period to stabilize margins at 3% or higher. The company’s leadership team is actively working on strategies to navigate the evolving healthcare landscape and maintain a strong market position.At the time of writing, Humana’s stock price stood at $311.28, reflecting the recent 5.09% decline. Over the past year, the company’s stock […]

Equity futures rose for the third day in a row – last week’s brutal drubbing a distant memory –  with tech outperforming as Tesla soars premarket after Elon Musk vowed to launch less-expensive vehicles as soon as late this year while Texas Instruments jumped 7% after it forecast revenue above the average analyst estimate.  The tech rally has kept stocks afloat after disappointing earnings in the European banking and luxury sectors. Technology shares stood out in the US, with contracts on the Nasdaq 100 rising 0.6% compared with a 0.3% gain for S&P 500 futures.  Bond yields are 1-3bps higher, helping to boost the USD. Commodities are lower though base metals are positive. The macro data focus is on Durable/Cap Goods with META headlining today’s earnings releases. Keep an eye on macro read throughs from F, HAS, NSC, ODFL, SYF, WHR earnings, among others.  In premarket trading, Tesla soared 12% with analysts saying first-quarter results were not as bad as feared. The electric-vehicle maker is accelerating the launch of less-expensive cars in a bid to revive cooling demand. TXN jumped 7.3% following earnings while META +2.1% (which reports after the close), NVDA +1.8%, with the balance of Mag7 are all higher. Copper mining giant FCX is also +1.5% pre-mkt, and may point to investors looking at the broadening AI trade again. Enphase Energy shares drop 7.9% after the solar-equipment manufacturer reported first-quarter adjusted earnings per share and revenue that missed expectations. Additionally, the company issued a second-quarter revenue forecast that disappointed. MSCI shares rise 2.2% after the investment support […]

Bullish view Buy the BTC/USD pair and set a take-profit at 68,630. Add a stop-loss at 64,630. Timeline: 1-2 days.  Bearish view Set a sell-stop at 66,000 and a take-profit at 64,000. Add a stop-loss at 68,630. (Click on image to enlarge) remained in a tight range on Wednesday morning even as the risk-on sentiment continued. The BTC/USD pair rose to the crucial resistance point at 67,120 on Wednesday, much higher than this month’s low of 59,525. Risk-on sentimentTraders have embraced a  this week as the recent geopolitical risks continued fading. The evidence of this performance is the performance of the stock, forex, and .Global stocks have bounced back this week, with the  and  indices rising for two straight days. The US dollar index, often seen as a safe haven, has dropped to $105.1, down from last week’s high of $106.25.Meanwhile, most commodity prices have , with the price of Brent moving to $87 and WTI falling to $83.  also pulled back sharply from its highest point this month. Bitcoin price tends to do well in a period when the market has embraced a risk-on sentiment, which explains why it has bounced back to over $67,000. Other cryptocurrencies like Solana, Avalanche, and Ripple have also bounced back.Bitcoin has also rallied as signs emerge that most of its spot ETFs are seeing inflows albeit at a slower pace than in March. The iShares Bitcoin ETF’s net assets have jumped to over $18.1 billion while the Fidelity Wise Origin ETF has over $10.7 billion in assets.There is a likelihood that these […]