December 30, 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 $413 natural resistance level if it does not get spoiled in pre-market.
Cassava Sciences, Inc. ($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.
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