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"Tony The Tiger" - A Food Stock

The mood of Wall Street is now changing as the reality of tariffs is starting to kick in. Two weeks ago not so much so. Kelloggs had "so-so" earnings come out a few weeks ago and the stock exploded upwards. Note the very last line above mentions the effects of tariffs are not taken into consideration. So many stocks with "so-so" earning reports have jumped in price based on the "lets make America great again" slogan. Deere stock is shooting to the moon as I keep writing about in spite of declining sales in the last quarter. The sentiment seems to be that they are immune to tariffs. On paper they might be. Read this. Americans are struggling to buy gas, eggs and insurance. Total housing starts in the U.S.in 2024 were down 3.9%. Walmart, the recent darling stock in the last four weeks for Call option players woke up this morning with an earnings report which was healthy but with came with some caveats. Here is what happened. Perhaps the U.S. is starting ...
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Tesla Going Down In Stock Price Is The New Theme

Ok, so like Barron's did an article over the weekend saying that Tesla could be trading down to $100.00 and U-Tube videos are talking about the rise of BYD. Fisker is going out of business and Ford in Canada is delayed their shift to going electric by a couple of years in one of their plants. Norway is up to 83% electric or some crazy number like that. What to think? Well, weekends often serve as times of "resets". The result is the "change-of-thinkings" in what is happening in the global EV space over the last 48 hour period of time which is reflected in the opening price of the Telsa stock on a Monday morning. Here now is a look at how the Telsa stock is trading at 8:45 a.m. in the premarkets. It is difficult to read clearly but the stock is up about four dollars.
A second stock to watch for weekend changes in sentiment is Boeing. Somewhere is a previous blog I gave an example of how I traded out of a Call option position on a Monday morning on an opening bounce. Here is how Boeing today at 8:50 a.m. is trading in the premarkets. Once again it is difficult to read but the stock is down just over $3.00 a share.
Often times it closes up or down three, four or five dollars which can make for profitable short term option trades. Now here is how Telsa was trading at 9:53 a.m. on Monday morning April 8th. It's up like $8.00
**One final caveat. Premarket bids and asks can change on a dime with most of the changes likely to happen five or ten minutes prior to the opening. ***Friday mornings are the one day of the week where premarket directional changes are most evident.

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