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Weekly Stock Market Newsletter – December 30, 2019

Weekly Stock Market Newsletter: December 30, 2019

December 30, 2019

Hello there! Below is your edition of this week’s newsletter. We hope you have a great trading week! 

 

Current Futures

DOW:

+12 (+0.04%)

S&P 500:

+8 (+0.26%)

NASDAQ:

+24 (+0.28%)

BITCOIN:

-185 (-2.55%)

GOLD:

-0.18 (-.12%)

Last Week P/L

12/: +$72     12/10: +$3,009     12/11: $0     12/12: $1,219.50     12/13: +$1,974

Total: +$6,274.50

Stocks To Watch This Week

TSLA

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.

SAVA

Cassava Sciences, Inc. ($SAVA) is a Biotechnology company in the Healthcare sector. This stock has been on the rise since the news released about some insider buying. “The Form 4 report issued Friday showed that director Sanford Robertson bought about 423,700 Cassava shares Friday, and about 76,000 shares Thursday, bringing his ownership to about 663,000 Cassava shares. The report also showed that Finance Chief Eric Schoen bought 5,300 shares Thursday.” I plan to dip buy this for a day trade at the $5.60 critical support level. 

Want more picks like this? Visit our website for daily stock watch-lists! 

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