Afternoon Note
Musk Rides Back to the Mag Seven
By Charles Payne, CEO & Principal Analyst
4/29/2024 1:39 PM
Telsa (TSLA) is roaring back, up 16% today on news that it is partnering with Baidu for mapping and navigation for full self-driving in China.Telsa is not the only beaten down FOMO play that’s coming on strong today. Albemarle (ALB) is charging back as well on positive fundamental developments.
Nine of the eleven S&P 500 sectors are in the green today, with Consumer Discretionary leading and Communication Services lagging.
Today, the Dallas Fed Manufacturing report was negative for 24 months to -14.5, missing consensus of -11.3 and almost unchanged from the prior month.
| Tweet |
Log In To Add Your Comment
PREVIOUS COMMENTARY
| 5/15/2024 1:53 PM | New Hope |
| 5/15/2024 9:41 AM | CHAMPING AT THE BIT (INVESTORS BEGINNING TO CHASE) |
| 5/14/2024 1:24 PM | Small Moves |
| 5/14/2024 9:22 AM | Marking Time |
| 5/13/2024 1:37 PM | Snuffed Out |
| 5/13/2024 9:37 AM | BRACING FOR MORE INFLATION DATA |
| 5/10/2024 1:23 PM | Cold Water |
| 5/10/2024 9:58 AM | IN TUNE |
| 5/9/2024 1:09 PM | Disconnect |
| 5/9/2024 9:39 AM | THE SEVENTH (TRADING) DAY OF MAY |
| 5/8/2024 1:49 PM | Mixed Note |
| 5/8/2024 9:37 AM | CHANGING NARRATIVES |
| 5/7/2024 1:50 PM | Building Gains |
| 5/7/2024 9:36 AM | HOPING MICKEY SAVES THE DAY |
| 5/6/2024 1:59 PM | Rate Cut Hopes |
| 5/6/2024 9:17 AM | LOOKING FOR MOMO TO KICK BACK IN |
| 5/3/2024 1:41 PM | Cheering the News |
| 5/3/2024 7:33 AM | TIM COOKS THE (RECORD) BOOKS |
| 5/2/2024 1:54 PM | Holding Up |
| 5/2/2024 9:41 AM | COOL HAND POWELL |
| 5/1/2024 1:22 PM | Which Powell? |
| 5/1/2024 9:40 AM | MAY DAY, MAY DAY, MAY DAY |
| 4/30/2024 1:02 PM | Complete Flop |
| 4/30/2024 9:48 AM | CHIPS TAKE THE LEAD |
| 4/29/2024 1:39 PM | Musk Rides Back to the Mag Seven |
| More commentary archives | |
|
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|
×
![]()