As Tesla's (TSLA.US) stock price soars, ubs group has released a bearish research report: the surge relies on "animal spirits," recommending to sell.
Analysts from the UBS Group have issued a warning regarding policies that may be beneficial to the company; since the US presidential election day, the stock price of this electric car manufacturer has surged.
The Auto Industry Is Pulling Back on Its 'Capital Junkie' Tendencies After Unprecedented Spending on EVs, Self-driving
Express News | Mass layoffs in the european auto industry: 0.05 million employees face unemployment as automaker profits rapidly decline.
Should You Be Concerned About Ford Motor Company's (NYSE:F) ROE?
Daily short sale tracking: Flex Ltd's short volume increased by 20 million, with a short sale ratio of 35%
Flex Ltd(FLEX.US) ranked top of the list had the largest change in short volume (20.08 million shares), and the short volume ratio of Pembina Pipeline(PBA.US) reached 66.66%. See more about the top 10 list of short selling volume changes in the latest trading day of the US stock market.
US stocks closed | All three major indices rose for the entire week! The Dow Jones hit a new closing high, Tesla rose nearly 4%; cryptos concept stocks all rose, MSTR increased by over 6%.
Funds flowed out of technology stocks and into economically sensitive cyclical stocks. The Nasdaq fluctuated between gains and losses, dragged down by over 3% drop in Nvidia and 1.7% drop in Google Class A. The Dow Jones rose by about 1%, small caps rose by 1.8%, and Chinese concept stocks fell by 1.4%. The S&P 500 and Nasdaq accumulated gains of 1.7% for the week, the Dow rose by about 2%, Tesla rose nearly 10% for the week, and Super Micro Computer soared by over 78%, its best week ever. MicroStrategy, known as a 'Bitcoin whale', rebounded by 6% on Friday. Economic weakness pushed the Euro to a two-year low, while the US Dollar rose for the third consecutive week to a two-year high. Offshore Renminbi fell by over 200 points for the week to nearly a four-month low. US oil had its best two-month gain with a 6.5% increase for the week, gold rose by over 1% to surpass $2700, marking its best week in over a year with a 5.7% increase.