Tesla, Inc. (TSLA) | Daily Alert June 22
52 week high: 900.40, 52 week low: 181.70
Market Cap: $595.03, EPS: 1.00, P/E: 618.93, Beta: 2.00
Since I last wrote about TSLA on December 09, 2020, the stock price as of December 2020, at $612.22/share jumped to $900.40/shr. Tesla enjoyed a record delivery of nearly 500,000 cars and sitting over $15 billion in cash. Allowing TSLA to concentrate to increase its margins and market share and profitability globally.
In retraction/correction pattern: topping at 900 in mid-Feb ’21. Sinking in repeated plunges, breaking through 50-DMA to the low of 550. V-shaped reversal: (575-625) to (625-675) to (701-725) failed to penetrate upward the 50-DMA (651-658). Slide continued from 750 through 550 in mid-May ’21. The secondary support (543-550) above its 200-DMA has held. Challenging 50-DMA at (592-610). The primary resistance and (701-728), secondary resistance in the offing. Tug of war between bulls/bears is the culprit for the decline and stagnation of TSLA. Potential of short squeeze apparent, where the short sellers will be forced to cover their short positions. VOLATILE.
Joseph Parnes, Shortex Market Letter, shortex.com, 800-877-6555, June 15, 2021
Blink Charging Co. (BLNK) | Daily Alert June 30
I remain bullish on Blink Charging Co. as my top growth pick for 2021. It is on my accumulation list as I have added to the position on price pullbacks multiple times so far this year.
Blink is a leader in electric vehicle (EV) charging equipment and has deployed over 30,000 charging ports across 13 countries, many of which are networked EV charging stations, enabling EV drivers to easily charge at any of the company’s charging locations worldwide.
When I commented on the company at last yearend, Blink had over 23,000 EV charging stations throughout the world. On May 11 Blink acquired Blue Corner, a European EV charging operator. In the right place at the right time, Blink is well-positioned to benefit from the exponential growth in EV’s.
Further, President Joe Biden has proposed spending at least $15 billion to begin rolling out electric vehicle charging stations, with the goal of reaching 500,000 charging stations nationwide by 2030. Don’t blink and miss Blink. It is a BUY.
John J. Gardner, ERPE Excerpts, 925-216-4968, blackhawkwealthadvisors.com, June 28, 2021
*Trivago N.V. (TRVG)
The World Travel & Tourism Council reported that, in 2020, the sector lost nearly $4.5 trillion and 62 million jobs. And airlines alone lost $126 billion. But that is in the past. According to ustravel.org, “nearly nine in 10 American travelers have plans to travel in the next six months.”
During the pandemic, Trivago also took steps to shore up its bottom line, reducing employee costs by about 7 million euros in the first quarter, and also cutting non-marketing costs by 37%.
As well, it worked on some product innovations, including changing its pay from partners in its bidding auctions to bookings rather than clicks. And the company improved user interaction with its travel platform.
Lastly, Trivago bought weekend.com, which is now being used for its trivago Weekend, a product that offers recommendations for local destinations.
For the second quarter, Wall Street expects Trivago to post revenues of $85.9 million, with a loss of $0.03 per share. In 2022, it’s expected that the company will return to profitability. I look for the shares to keep edging up; my price target is $4.50.
Nancy Zambell, Wall Street’s Best Digest, cabotwealth.com, 978-745-5532, June 22, 2021