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

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


On the disk, the five leading sectors were: Biotechnology rose by 3.43%; paper products by 3.28%; health information services by 3.04%; telecommunications services by 3.01%; and solar energy by 2.59%. The five sectors that led the decline were: oil and gas exploration and development fell by 1.94%; aviation services by 1.68%; advertising and marketing by 1.62%; clothing manufacturing by 1.54%; and building materials by 1.32%.

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 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

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.

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.

It is worth noting that Teslas stock price has exceeded the target price given by Xiao mo after a long somersault. Last week, Morgan Stanley gave Tesla an an overweight rating, expecting Tesla to usher in a profound paradigm shift from selling cars to generating high margin software and services revenue, and sharply raised its target price from $360 by 50% to $540.

Photo source: by reporter Li Xing

Institutional comments on US stocks

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

Tesla