Morning Market Look: It’s All About Tesla & Twitter


Everyone is getting all lubed up for the Twitter ($TWTR) IPO on Wednesday.  So far the bankers haven’t priced it piggishly, however they still have 72 hours to acquiesce to the greed factor by raising price and the share amount. When I look at some of the garbage that has had G-Force movement this year, I have to believe Twitter will be hot, regardless of pricing.

Twitter isn’t even pubic yet, but that doesn’t stop the analyst analyst community form dishing buy ratings already. They just cant wait can’t wait. Right now price talk is in the 17-20 range.

“Atlantic Equities initiated coverage on Twitter, Inc.with an Overweight rating and price target of $34.00.”

In other news, Goldman raised the Steel sector to neutral. Just so you know, when they go to “buy”, you need to sell. Just how it works.

$TSLA reports this week and the report will put an end to the bull/bear argument for now.

The Fed’s Bullard made some dovish taper comments this morning so futures are leaning green.

SAC Capital pleads guilty to securities fraud and will write a monster check. Cohen still has more art work than the Vatican

Fairfax might be short funding for the $BBRY purchase. They have until 5PM today to raise the loot.

HSBC profits rose 30% for the quarter.

$K is cutting 7% of their workforce.

Blackstone ($BX) is buying 40% in a Chinese shopping mall operator. Hate China at your peril.

Keep your eyes on names like $CLF, $WLT, $VALE and $RIO. They are getting hot and could stay hot for a while.

Some pulbacks that look good to me for buys are $NOW and $EVR.

Have a great day and grab a free trial here.


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