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Tesla stock pops after China sales jump year-over-year
Tesla (TSLA) stock jumped Friday right after the automaker noted potent China product sales. Tesla’s wholesale shipments for February from its China factory rose 32{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from a year ago to 74,402 autos, according to China’s Passenger Auto Affiliation (CPCA). That also figure represents a 13{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} soar month around thirty day period from January. Shares of the EV maker have been up almost 3.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Friday. The boost in February shipments is not surprising presented that CPCA reported February sales of new vitality automobiles, which include battery electric powered and hybrid profits, rose by 30{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} overall. And it mentioned last month that January would be a “weak” month for in general profits…
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‘A real estate bottom?’ More homebuyers jump back in as the year kicks off
Actual estate brokers validate what housing facts is starting off to show: More homebuyers are rising from their self-imposed hibernation. The volume of home finance loan apps for household buys rose 25{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} week above week, the Mortgage Bankers Association (MBA) survey for the week ending Jan. 13 found. Housing sentiment ticked better at the end of last yr, per Fannie Mae. And property builders are reporting an raise in consumer site visitors in January, the first uptick considering that December 2021, according to an market survey. These customers are hoping to reap the benefits from a additional favorable marketplace, bagging seller incentives alongside with a a little bit decreased home…
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A few charts to remember before you jump to conclusions
This post was originally published on TKer.co Stocks ticked lower last week, with the S&P 500 declining 0.7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The index is now up 10.9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from its October 12 closing low of 3,577.03 and down 17.3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from its January 3 closing high of 4,796.56. On Thursday, I had the privilege of speaking to a class taught by Greg Harmon, one of the savviest minds in trading. Harmon teaches financial markets at Case Western Reserve University’s business school. Below are some charts I shared with his class. They’re a reminder for investors to be cautious with news headlines that may belie a greater, more nuanced truth. TKer subscribers may recognize some of…
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Tomorrow’s Top 25 Today: Ole Miss makes key jump as college football rankings undergo major reshuffling
One of the primary storylines throughout Week 5 was a curiosity over how many undefeated teams would make it through the weekend maintaining that moniker. College football’s oft-unbalanced schedules create circumstances in which teams can get through the first month of the season with a zero in the loss column even if that’s not indicative of their true standing within the sport. It’s right about now — one-third of the way through the season — when conference play begins and that number declines rapidly. Week 5 was a “prove it” period for many teams in the eyes of the AP Top 25 poll voters. Oklahoma State and Ole Miss are…
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