From Sports To Day Trading
While Tesla's stock price continues to soar, breaking through the $1,500 level on Friday, there could be more to come. Wall Street analysts are increasingly confident that the company will post a profit when it reports earnings on July 22. This would mean four consecutive quarters of profitability which is a requirement for being added to the S&P 500 index, and if that happens demand will be driven up by all the indexed funds needing to re-balance their holdings to reflect the change. With Tesla's market capitalization larger than 95% of companies of in the index, demand will be high. The flip side of this is that if Tesla doesn�t get added to the S&P 500, its stock price could plunge. It's certainly been an interesting stock to invest in, with hardly a day going by without some news. Sticking with the theme of financial trading and the Robinhood trading app which I have mentioned before is coming in for some criticism for trying to make trading more like a game an...