We recently published a list of 10 Stocks Everyone’s Talking About as Trump Softens His Tone on China. In this article, we are going to take a look at where Tesla Inc (NASDAQ:TSLA) stands against other stocks everyone’s talking about as Trump softens his tone on China.
Investors are desperately looking for signs of a market bottom after going through massive volatility and losses. 3Fourteen Research’s Warren Pies said in a latest program on CNBC that we are getting “close” to a market bottom based on his technical analysis. The analyst talked about key indicators he’s looking for:
“I do think that the White House is trying to deescalate the situation. One of the markers we’ve seen is that Peter Navarro hasn’t been on TV since April 13th, and that’s corresponding with this equity rally. Setting that aside, though, I think that a bottom, a confirmed bottom, has two components. You need to see washed out sentiment and positioning. We measured that in a number of ways: we measured it in inverse ETFs for retail, we measured it for vault targeting for institutions, and CTAs for trend followers. Across all those metrics, sentiment is depressed. That’s phase one of a bottom. Then, you look for technical confirmation. Philosophically, we’re always going to be late because of that ordering.”
READ ALSO 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article, we picked 10 stocks investors are currently focusing on. With each stock, we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Number of Hedge Funds Investors: 99
Mark Fields, former Ford CEO, said in a latest program on CNBC that there was a lot of “noise” for Tesla Inc (NASDAQ:TSLA) when it comes to the first-quarter delivery numbers amid the company’s refresh of Model Y and “reputational” issues. The executive believes the second-quarter delivery numbers will show an accurate picture of the company’s business health:
“There was a lot of noise in the quarter for Tesla, right? Because, you know, their sales were down 13% year-over-year. They’ve been kind of losing share, at least on registration data, in all their major markets—whether it’s China, Europe, or the U.S. I think in the quarter, you had a couple of things going on. One is they were refreshing their Model Y, which is their bestselling vehicle, so they had a lot of changeover in their four plants around the globe. That took out production. And then there’s the other piece, which is, you know, how much reputational damage has Tesla incurred because of Musk’s involvement with the Trump administration?
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