$Tesla Motors(TSLA)$ fell 5% on the 9th, although the drop is not significant for the company. There were two main reasons for this:1. $HSBC Holdings PLC(HSBC)$ analyst downgraded Tesla to "sell" with a target price of 146 (vs. current price of 205), but the market may not buy into HSBC's influence on Tesla.2. Biden supported the United Auto Workers (UAW) targeting Tesla and Toyota. This news was already reported a few days ago. Although workers' interests should be protected, UAW's actions have become more politically significant than practical.Why does Biden have a problem with Tesla?1. Musk did not give him money, and he does not pay as much tax (relatively).2. Tesla's headquarters moved from Californi
Nasdaq 9th gains: Beat records or Pull back this week?
Nasdaq and the S&P 500 notched their longest winning streaks since November 2021. The Nasdaq rose 0.9%, advancing for its eighth consecutive day. The S&P 500 gained 0.3%, its seventh straight winning session. With the strong rebound, many stocks hit YTD high or All-time-high this week. ------------------ Expect for new highs or pullback of these stocks? Will you chase the high? Which company in your watchlist reached new high?