The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: Elroy Jetson who wrote (4601)	3/3/2020 8:55:59 AM
From: elmatador	of 13800

Shares of Tesla Inc. TSLA, +11.32% jumped 6.2% in premarket trading Tuesday, adding to the previous session's 11.3% surge, after JMP analyst Jospeh Osha upgraded the electric vehicle company to market outperform from market perform, saying the recent selloff has provided investors with a "good opportunity" to buy. Tesla's stock jumps again after JMP says recent selloff has provided 'good opportunity' to buy Published: Mar 3, 2020 8:31 a.m. ET ... Prior to Monday's rally, the stock had plunged 26% in five sessions, amid fears of the impact of the coronavirus outbreak. Osha wrote in a note to clients that in addition to a more attractive valuation, "a perusal of offerings from competitors suggests that [Tesla's] market position should continue to be dominant." Osha set a stock price target to $1,060, which is 43% above Monday's closing price of $743.62. "Investors may find themselves with additional near-term opportunities to buy the stock as [Tesla] works through the first half of 2020 and the impact of COVID-19 becomes apparent," Osha wrote. Despite the recent volatility, the stock has still more than doubled (up 121%) over the past three months, while the S&P 500 SPX, +4.60% has slipped 0.1%.

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