Dow Jones Futures: Tesla Jumps On Hertz Deal As PayPal, Trump Stock DWAC Rally; Apple Leads 7 Key Earnings – Investor’s Business Daily
Dow Jones futures tilted higher Monday morning, while S&P 500 futures and Nasdaq futures rose slightly. Tesla (TSLA) jumped on a reported Hertz order, despite an FSD Beta setback. PayPal (PYPL) said it’s not seeking to buy Pinterest (PINS). Trump stock continued to rise.
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The stock market rally had solid gains last week, with the Dow Jones and S&P 500 hitting record highs. The Nasdaq composite moved closer to record levels despite rising Treasury yields and Friday’s big sell-offs by Intel (INTC) and Snap (SNAP).
Earnings season hits full force this coming week, with hundreds of companies reporting. Apple stock, Microsoft (MSFT), Advanced Micro Devices (AMD), General Motors (GM), Upwork (UPWK), ServiceNow (NOW) and Google parent Alphabet (GOOGL) are seven big names on tap that are in or near buy zones.
These names could move markets by themselves, but they can also have a big impact on related stocks, as Snap stock’s impact on digital ad firms such as Google stock showed.
Investors should be ready to take advantage of earnings week. Don’t let earnings week take advantage of you.
Hertz Orders 100,000 Tesla EVs
Hertz will order 100,000 Tesla EVs for $4.2 billion, Bloomberg News reported. Customers will be able to use Tesla Superchargers, while Hertz will also building its own charging network.
Over the weekend, Tesla raised Model S and Model X prices in the U.S. by $5,000. That comes days after U.S. Model 3 and Model Y prices were hiked yet again, by $2,000.
Morgan Stanley Adam Jonas raised his TSLA stock price target by 30% to 1,200, citing “extraordinary” sales growth.
Tesla FSD Beta Rollback, Rollout
On Sunday, CEO Elon Musk said the just-released Tesla FSD Beta 10.3 was seeing “some issues,” so the EV maker was rolling back to Beta 10.2. Tesla appeared to disable FSD Beta entirely, at least some drivers.
The rollback followed many Tesla drivers complaining of significant FSD Beta issues, including surprise emergency braking.
Early Monday, Musk said Tesla was …….