December 23, 2019
Last Week P/L
12/: +$72 12/10: +$3,009 12/11: $0 12/12: $1,219.50 12/13: +$1,974
Stocks To Watch This Week
Tesla, Inc. ($TSLA) is a Major Automobile Manufacturer in the Consumer Goods sector. Chinese banks have agreed to provide Tesla a $1.4 billion five-year loan facility to be used on the company’s newly launched Gigafactory in Shanghai, Reuters reported, citing sources. The financial assistance will be partially used to roll over the previous RMB3.5 billion 12-month loan facility offered earlier in the year with the remainder to be used to improve productivity in the Shanghai plant and for Tesla’s operations in the country, sources told Reuters. I plan to day trade this over the $413 natural resistance level if it does not get spoiled in pre-market.
The Boeing Company ($BA) is an Aerospace/Defense company in the Industrial Goods sector. The company’s plan to ferry astronauts into orbit faces a three-month delay if it is required to make a second test flight of its Starliner space capsule, which landed successfully Sunday morning after a curtailed first launch. I plan to day trade this over the $331 natural resistance for the technical breakout!
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