How Much Traders Expect Tesla to Move After Earnings
3 minutes ago
Tesla (TSLA) is scheduled to report its second-quarter results after the market closes on Wednesday, with investors expecting the electric vehicle maker’s stock to make a sizable move after the report.
Based on options pricing, Tesla stock is seen moving close to 7% or almost $22 in either direction from Monday’s close near $329 by the end of this week.
Tesla shares rose 5.4% the day after the electric vehicle maker’s first-quarter report, when CEO Elon Musk told investors he was weeks away from leaving his work with the Trump administration. They gained nearly 3% following Tesla’s January fourth-quarter report, after surging nearly 22% and falling 12.3%, respectively, after each of the two previous quarters‘ earnings.
Tom Brenner / The Washington Post / Getty Images
Tesla shares, which were up slightly on Tuesday, have lost nearly 20% of their value since the start of this year. They have recovered from the lows they experienced in March and April when Tesla was the subject of protests while Musk was working in the federal government, but have still been pressured in recent weeks as Musk has continued to insert himself into politics on social media.
The EV giant is expected to report a decline of more than 10% in revenue from the same time a year ago, to $22.78 billion, while adjusted earnings per share are projected to drop nearly 20% to 42 cents, according to estimates compiled by Visible Alpha. Analysts have said recently the stock could respond more to Musk’s comments about Tesla’s recently launched robotaxi program and other projects than the company’s quarterly financial results, as the shares rose earlier this month despite deliveries missing estimates.
Among the analysts tracked by Visible Alpha who follow the company, eight call Tesla stock a “buy,” compared with five “hold,” and four “sell” ratings. Their average price target at $301 is about 8% below Monday’s closing level.
Is Kohl’s the Latest Meme Stock?
1 hr 3 min ago
Is a beaten-down retailer the newest meme stock?
That’s one possible explanation for today’s jump in shares of Kohl’s (KSS), which were recently up some 30% after rising more than 100% in the opening minutes of the session, leading to a temporary halt in trading. The rise had earlier wiped out a year-to-date slide that had erased roughly a quarter of the company’s market value, though the move had cooled a bit from morning highs.
TradingView
The move didn’t follow any fresh corporate news, and its next quarterly earnings release isn’t imminent. It’s possible traders have instead seized on the stock—which is heavily shorted, possibly making it a candidate for a squeeze—as a vehicle for dramatic action, with the shares recently a topic of conversation on Reddit’s go-go wallstreetbets forum.
Kohl’s first-quarter results, published in late May, were better than expected, though they followed on news that the company had fired its CEO not long into the announcement of an ambitious turnaround plan.
Wall Street is broadly bearish, with Visible Alpha’s mean price target at $8, below Monday’s $10.42 per share close. UBS analysts on Monday reiterated a $4 target.
QQQ Levels to Watch Ahead of Big Tech Earnings
2 hr 25 min ago
The Invesco QQQ Trust (QQQ) came into Tuesday’s session at its highest ever level as investors await earnings reports this week from major technology companies.
EV maker Tesla (TSLA) and Google parent Alphabet (GOOGL) and computing giant IBM (IBM) are due to report quarterly results after the closing bell Wednesday, while embattled chipmaker Intel (INTC) is scheduled to release its earnings reports late Thursday.
The QQQ, which tracks the performance of the tech-heavy Nasdaq 100 Index, has received a boost in recent months from improved sentiment surrounding technology stocks as concerns about tariffs have eased and economic data reports have remained strong.
Through Monday’s close, the ETF had rebounded 40% from its early-April low and was up 10% since the start of the year. The QQQ was down 0.8% at around $560 in recent trading.
After breaking out from a flag pattern late last month, QQQ’s price has continued its move into price discovery. Importantly, the breakout coincided with the 50-day moving average (MA) crossing above the 200-day MA to form a golden cross, a bullish chart signal that indicates the start of a new uptrend.
Moreover, the relative strength index has remained near its overbought threshold since early May, confirming the fund’s strong price momentum.
The measured move technique forecasts a near-term price target of $589. Investors should monitor crucial support levels on QQQ’s chart around $540 and $515.
Read the full technical analysis piece here.
Coca-Cola Profits Top Estimates, Sales Come in Short
3 hr 41 min ago
The Coca-Cola Company (KO) posted better second-quarter profits than analysts had projected on Tuesday morning, while sales fell short.
The soda maker said Tuesday it earned a “comparable,” or adjusted, $0.87 per share, 4 cents better than estimates, while revenue rose 1% to $12.5 billion in the quarter, just below the analyst consensus compiled by Visible Alpha.
Coca-Cola narrowed its full-year profit forecast, saying it expects comparable EPS to grow by about 3% from $2.88 in 2024, compared to its previous 2% to 3% range. Comparable revenue and EPS are each expected to be negatively impacted by currency exchange rates in the third quarter and second half of the year, the company said.
Shares were down nearly 1% shortly after the results were released. They entered Tuesday up about 13% since the start of this year.
Coca-Cola said in Tuesday’s release that it plans “to launch an offering made with U.S. cane sugar to expand its Trademark Coca-Cola product range” this fall. The company said the new U.S. product is “designed to complement the company’s strong core portfolio and offer more choices across occasions and preferences.”
The announcement comes after President Donald Trump last week said the company had agreed to sweeten its iconic soda with cane sugar as officials in his administration have pushed food companies to abandon certain ingredients such as artificial dyes and high fructose corn syrup.
The maker of its namesake beverage, Sprite, and dozens of others topped profit estimates while sales fell short last quarter, as the company said it expected a “manageable” impact from tariffs over the full year. Analysts said ahead of the report that Coca-Cola’s biggest tariff headwinds would likely be from fruit juice and aluminum it imports to make its products.
Soda rival PepsiCo (PEP) topped estimates in its own second-quarter report last week, touting strong international sales growth.
Major Stock Index Futures Little Changed
4 hr 2 min ago
Futures tied to the Dow Jones Industrial Average down 0.1%.
TradingView
S&P 500 futures rose fractionally.
TradingView
Nasdaq 100 futures were down less than 0.1%.
TradingView