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Evening Stock Watch-List: October 24, 2019

Evening Watch-List: October 24, 2019

October 24, 2019

Take the day by storm. Prepare for tomorrow by viewing this evening’s watch-list. We hope you have a great trading day tomorrow! 

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Futures At A Glance

DOW S&P 500 NASDAQ BITCOIN GOLD

+5.00 (+0.02%)

+1.00 (+0.02%)

+21.00 (+0.27%)

-40 (-0.54%)

+.20 (+.01%)

TSLA

Tesla ($TSLA) made an incredible move in after hours today after reporting earnings. The company reported revenue of $6.3 B which was a miss of the expected $6.43 B. However, investors focused mainly on the surprise profit which was positive $150 M for the quarter. The company EPS came in at +$1.86 against -.46 expectation. Additionally hype around deliveries, production and China and other developments all led to a huge short squeeze. Going into earnings 25% of the entire share float was short, and the covering likely has only started. This ramp could get even more incredible if buyers come out with any force in the coming days. $350 could be tested as early as next week as long as buyers keep their foot on the gas pedal and force shorts to cover in mass.

PYPL

PayPal Holdings, Inc. ($PYPL) is a Credit Services company in the Financial sector. This high-float stock gapped up nicely in after-hours today, after releasing earnings. The company beat earnings estimates across the board, as well as a beat in payment volume. However, management has lowered guidance, which is a big deal for the continued momentum. I plan to short this under $104.00 for a nice gap fill pattern to the downside.

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