Mar 13th Stock Market Update - EV growth is slowing as Tesla gets a major price target cut

$EBAY $JPM

Author

Mukund Mohan
March 13, 2024

Market

“All automakers including Ford, Stellantis and GM have cut their EV investments saying customers want ICE, Hybrid and EV. Meanwhile Wells Fargo analysts cut the price target on $TSLA to $130 a 30% haircut from today’s price” 🫢 🤯 

The market was mixed early with SPY and NASDAQ lower, but not by much

NVDA and TSLA went lower by over 3%, on profit taking, but more analysts are targeting a $1100 price on NVDA.

Our subscription service gives specific entries and exits for both long term holds and swing positions. You should subscribe.

Subscribe to our research

We offer 2 options - long term or swing research

mukundmohan.online/subscribe

Or subscribe to our daily deep dives

Subscribe to Stock Smarts

Investing and Stock Market Insights. Click to read Stock Smarts, a Substack publication with thousands of subscribers.

stocksmarts.substack.com/subscribe

Lower for Technology, but not by much

SQ (Block) is continuing its move up as is Affirm, while DLTR (Dollar tree) moved much lower on poor earnings. Same for LUV (Southwest) on poor forecast.

Insights from the portfolio

$TEAM Atlassian Corporation Deep Dive and 2024 Outlook

The collaboration company is recovering from a steep sell off in 2021/22, but will it continue to grow?

stocksmarts.substack.com/p/team-atlassian-corporation-deep-dive

Video of the day

Today’s video is on DoubleVerify, an ad measurement and verification company.

Deep dive of the day

Today’s write up is on Sterling Infrastructure, an old line infrastructure company.

Sterling Infrastructure $STRL Deep Dive – Investment Literacy Coach

They specialize in building, servicing, and maintaining transportation and water infrastructure projects across the nation

blog.mukundmohan.online/index.php/2024/03/13/sterling-infrastructure-strl-deep-dive

Good setups for swing

$JPM to $186, then $200 - this is a strong chart

Stay with $EBAY to $58