Daily Digest of
December 18, 2020
In this article: Stock Market Outlook – Tesla – Nio – Teladoc – Apartment Investment and Management Co
Stock Market Outlook
Stock Moe - Market Outlook
- Doesn’t see any sign of a crash coming up
- The FED will continue their $120 billion dollar per month purchase program. This is a great sign for the stock market next year.
- Expects 2021 and 2022 to be great years.
NASDAQ: TSLA - Tesla Inc
Stock Moe - Tesla
- S&P Global Ratings upgraded the stock to a BB from a BB- rating.
- After the capital raise this week, the company is able to become ‘net zero for debt’, meaning they have enough money to expand.
- S&P500 inclusion is coming up on Monday before the market opens.
Joseph Hogue - Tesla
- Given Tesla’s valuation, it will get a 2% share in the S&P 500
- $100 billion worth of shares will have to be bought by the funds in order to include Tesla in the S&P 500
NYSE: NIO - Nio Inc - ADR
Stock Moe - Nio
- Stock Moe feels really happy about Nio.
- The base has been set around $42.00 after Nio’s capital raise.
- Stock Moe loves Nio’s current price
NYSE: TDOC - Teladoc Health Inc
Jack Spencer - Teladoc
- Institutions own 55% of the company
- Over the next year or so, Jack Spencer is not totally sure whether the company will experience a lot of growth. He does think telehealth is a growth market for the long term.
- Average price prediction of Teladoc target from 26 analysts comes to $243 a share.
- Business Insider reported that Amazon is building a telehealth services business that could compete against Teladoc. This will create downwards pressure. Jack doesn’t believe that Amazon could hurt Teladoc since they will help to grow the market.
NYSE: AIV - Apartment Investment and Management Co
Stock Moe - AIV
- This stock will be de-listed from the S&P500 as a result of the Tesla listing.
- Could be an opportunity for ‘short’ moves since all the funds will have to sell this stock.
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