Tag: Tesla (NASDAQ:TSLA)

Don't Drink The Froth In Tesla And Netflix's Cups

Posted on by admin

On Monday, the markets started the day with such promise only to have significant gains erased in seconds late in the day. One could assign blame on the Syria related press conference or just good old-fashioned profit taking.

The froth fizzles first and fastest...

Monday, traders saw how premiums come out fastest out of the frothy tickers. Two cases in point consider. First, Tesla (NASDAQ: TSLA): The stock opened up with the markets then at about 1:00 pm E.S.T the markets started the afternoon slide.

Tesla didn't even wait to see how shallow will the pullback be. The stock sold off all the way down to 160 and closed just above that and way off the day high. Similarly, traders saw almost exactly the same price action from another frothy name Netflix (NASDAQ: NFLX). Continue reading "Don't Drink The Froth In Tesla And Netflix's Cups" →

Today's Video Update: Amgen moves into the big business of cancer drugs

Posted on by The INO.com Team

Hello traders everywhere! Adam Hewison here, President of INO.com and Co-creator of MarketClub, with your mid-day market update for Monday, the 26th of August.

The big news today is that Amgen (NASDAQ:AMGN) has agreed to buy Onyx Pharmaceuticals (NASDAQ:ONXX) for $10.4 billion. Amgen, the world's biggest biotechnology company, was missing from one of the biggest and fastest growing markets, cancer drugs. With the acquisition of Onyx Pharmaceuticals, Amgen will gain access to the company's three anticancer treatments. I will be analyzing Amgen today using our Trade Triangle technology and will share with you the trading results for the year so far. Continue reading "Today's Video Update: Amgen moves into the big business of cancer drugs" →