Stocks Hit Highs; Tesla, Autodesk Enter Buy Zones; Amarin Reverses | Summary and Q&A

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December 16, 2019
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Investor's Business Daily
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Stocks Hit Highs; Tesla, Autodesk Enter Buy Zones; Amarin Reverses

TL;DR

The stock market had a strong day with the Nasdaq Composite up 0.9%, Dow Jones Industrials lagging at 0.4%, and S&P 500 up 0.7%. Tesla saw positive movement due to potential extension of electric vehicle credits, Autodesk showed promising signs with a clear buy area, and Ameren experienced a volatile day after FDA approval.

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Key Insights

  • πŸ₯³ The China trade deal contributed to the positive market day.
  • πŸš™ Tesla's potential extension of electric vehicle credits could benefit the stock.
  • πŸ’± Autodesk's clear buy area suggests a change in character and potential growth.
  • πŸ₯‘ Ameren experienced volatility after FDA approval due to profit-taking behavior.
  • ❓ Pre-market and early market action can be unpredictable and risky.
  • πŸ”¬ Investing in biotech stocks carries significant single stock risk.
  • ❓ ETFs like IVB, BIB, and LABU can provide exposure to the biotech sector.

Transcript

good afternoon and welcome to stock market today sponsored by Interactive Brokers it's Monday December 16th and we're live from the investor's business daily studios in Los Angeles on today's show we're gonna be talking about three stocks Tesla motoring ahead along with Autodesk and Ameren giving investors a little bit of a heart palpitations right... Read More

Questions & Answers

Q: What was the catalyst for the positive market day?

The market had a positive day due to optimism surrounding the China trade deal.

Q: What potential benefit does Tesla have from Congress extending electric vehicle credits?

If Congress extends electric vehicle credits, Tesla and other automakers can continue to receive the full credit, which could boost Tesla's stock performance.

Q: What is the significance of Autodesk clearing its buy area?

Autodesk clearing its buy area shows a clear entry point for investors and could indicate a change in character for the stock, potentially leading to further growth.

Q: Why did Ameren experience volatility despite FDA approval?

Ameren experienced volatility as investors potentially engaged in "buy the rumor, sell the news" behavior, causing the stock to drop after FDA approval due to profit-taking.

Summary & Key Takeaways

  • The market had a positive day, driven by optimism from the China trade deal.

  • Tesla saw strong movement with the possibility of Congress extending electric vehicle credits.

  • Autodesk showed potential with a clear buy area and strong earnings growth.

  • Ameren experienced volatility after FDA approval of a drug for cardiovascular events.

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