Look at this hype Tuesday’s calls of the day: Analysts get even more bullish on Amazon, Apple, Netflix & Nvidia PUBLISHED TUE, JUL 7 20208:17 AM EDT Michael Bloom KEY POINTS Bank of America raised its price target on Nvidia to $460 from $420. Credit Suisse raised its price target on Netflix to $550 from $465. Baird raised its price target on Amazon to $3,300 from $2,750. Raymond James raised its price target on Apple to $400 from $340. Piper Sander initiated PayPal as overweight. Stephens initiated Teledoc as outperform. RBC initiated Nikola as sector perform. Needham upgraded Ambarella to buy from underperform. Morgan Stanley raised its price target on Tesla to $740 from $650.
%% I haven't had time to look @TSLA today...……………………………………. But I did save an IBD newspaper chart; they showed on a chart why sometimes it pays to not sell a gap up/NVDA @$77 area/ LOL
Tesla worth more than 97% of the s$p 500 companies. Too much hype i don't care how far out into the future you want to look.
The market frequently incorrectly values companies as the market cannot price in *all* information including private information. For example, it valued Enron at $90 / share in 2001...during a time of financial fraud unknown to all but a few investors. The market got Enron's price wrong during that time. Even when all information is known, Hertz was trading at $6 / share recently following a bankruptcy announcement...was that a rational price to assign to a company headed for bankruptcy? Yes, I shorted $1 Jan 2021 calls and still short HTZ calls. Yeah, market may always be "right" but everyone is here to bet that current valuations will change.
I understand what you mean. That's why it is important to just focus on the chart, and don't bother about intrinsic value, true value, manipulated value ...
%% That; but frankly NasadaQQQ is known for super trends/big trends. Me, I prefer to profit off big etf/ETFS trends, rather than wonder why TSLA seems to do crazy UPTRENDS. One profitable daytrader+ we saw a lot of his profitable trades said '' the dow is correlated to itself.'' WHY should the market value top tech trenders like they valueSPY- I see no reason to value top tech tenders, like a good average as SPY...………………………………………………………………...
Nasdaq new historical highs today. Amazon msft fb apple and a few others pushing it up again. Wonder if these high historical stock prices can fully match what earnings are going to be....then way these stocks trade is telling everyone earnings are going to be completely breathtaking. I mean literally 100% perfect on every and all levels....
12,000+ nasdaq coming soon....had a 12000 prediction outtook by end of 2020, think im going to up it to 14,000+
%% I understand what you mean; actually Nasdaq/QQQ has good summer volume trend.Looks like not much selling in May/or stay away. That profitable dow derivatives daytrader said ''dow is correlated to itself'' Nasdaq /QQQ is correlated to itself also...…………………………………………………………..