Tesla has become the sixth largest company in the U.S!

category:Finance
 Tesla has become the sixth largest company in the U.S!


Hot stocks performance

In terms of technology stocks, Apple Rose 0.48%, Facebook 0.81%, Amazon 0.32%, Microsoft 0.64%, Google 1.23%, NYSE 1.31%, Tesla 2.05%.

In terms of China General stocks, Alibaba fell 0.45%; Baidu rose 2.51%; Jingdong rose 1.34%; Sina rose 0.07%; Sina Weibo fell 1.17%; pinduoduo rose 6%; funny headlines rose 10.98%; Weilai rose 0.58%; iqiyi fell 1.7%; Xunlei rose 0.34%; Momo rose 1.2%; happy gathering Times rose 0.51%; bilibilibili rose 4.6%; and auto home rose 3.98%.

In the United States, 165 stocks rose. Among them, Yuhui sunshine, Aurora, Wuhan General Motors and Qijing optoelectronics were among the top 10 stocks, with Yuhui sunshine up 33.1%, Aurora 23.42%, Wuhan GM 20.25%, Qijing optoelectronics 19.55% and Xiaoying technology up 16.53%.

113 stocks fell. Ten stocks, including Yunji, newborn acquisition Corp, future financial technology, Jianan technology, tuniu, and fluxushuo, were among the top 10 stocks, with Yunji down 22.72%, newborn acquisition Corp down 22.32%, future fintech down 20.33%, zhongmeilian down 13.85% and anpaike down 13.17%.

Tesla surpasses Berkshire in market value

On Friday, Tesla closed up 2.05% to $585.76, with a market value of $555.2 billion, surpassing Buffetts Berkshire to become the sixth largest company in the United States, with a market value of about $543 billion.

After trading on November 16, standard & Poors Dow Jones index announced that Tesla would be included in the S & P 500 index, which will take effect before the opening of trading on December 21 at the latest.

After that, Teslas share price began to soar all the way, continuously setting new record highs, soaring 43.5% in eight trading days, and this years Tesla share price has risen as high as 600%.

The news that it will be included in the S & P 500 has triggered a buying spree. In addition to the tens of billions of dollars that passive funds will spend on Tesla, Goldman Sachs expects active funds to invest about $8 billion. Goldman Sachs analysts said last week that of the 189 large cap core funds they covered, 157 funds (with about $500 billion in assets under management) did not hold Tesla shares as of September 30, and assuming the funds chose to hold Tesla at benchmark weights, they would need to buy $8 billion of shares, about 2% of Teslas market value.

Photo source: by reporter Li Xing

Optimism continues to rise, US stocks consolidate recent gains

U.S. stocks have consolidated their recent gains as more investors are encouraged by expectations that the vaccine will be launched early next year, or even earlier. In the United States, we expect the first vaccines to flow to high-risk populations starting in mid December, with significant public health benefits starting from (the first quarter of 2021), followed by widespread vaccination in April, Goldman Sachs economists wrote in a research report on Friday While the exact timetable is still uncertain, this analysis reinforces our baseline forecast that widespread vaccination should drive a substantial rebound in global economic growth from the second quarter, Goldman added

Nannette hechler fayd herbe, chief investment officer for international wealth management and head of global economics and research at Credit Suisse, said in an interview: to see if the market will continue to rise, we have to make sure that those vaccines are really promising. Therefore, now we hope to see the vaccine approved as soon as possible, and hope to see the production prospect of vaccine in a wider range of distribution.

However, analysts and investors warned that the stock market appeared to be at a high level as the new coronavirus epidemic worsened. The novel coronavirus pneumonia has exceeded 90 thousand people for the first time in the United States. More than 110000 new cases were reported across the United States on Thursday, well below the total in recent days, but infection levels are likely to rise again as a result of large rallies and reunions during the Thanksgiving celebration. SAMY chaar, chief economist at Lombard Odier, said: there are still a lot of cases and restrictions in the US, and a lot of activity will come to a standstill again. This could have an impact on the next job market report. He was referring to Novembers non farm employment data, which will be released on December 4. Meanwhile, US President trump said on Thursday that if the electoral college supports Joe Biden, he will leave the White House. Hes lost too much and its hard to compete and thats a certainty for the market, says Mr chal (the contents and data of the article are for reference only and do not constitute investment suggestions. Investors operate on this basis at their own risk.) Tesla source: daily economic news editor in charge: Wang Xiaowu_ NF

However, analysts and investors warned that the stock market appeared to be at a high level as the new coronavirus epidemic worsened. The novel coronavirus pneumonia has exceeded 90 thousand people for the first time in the United States. More than 110000 new cases were reported across the United States on Thursday, well below the total in recent days, but infection levels are likely to rise again as a result of large rallies and reunions during the Thanksgiving celebration. SAMY chaar, chief economist at Lombard Odier, said: there are still a lot of cases and restrictions in the US, and a lot of activity will come to a standstill again. This could have an impact on the next job market report. He was referring to Novembers non farm employment data, which will be released on December 4. Meanwhile, US President trump said on Thursday that if the electoral college supports Joe Biden, he will leave the White House. Hes lost too much and its hard to compete and thats a certainty for the market, says Mr chal

(the contents and data of the article are for reference only and do not constitute investment suggestions. Investors operate on this basis at their own risk.)

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