Laughable analyst move of the day: “Tesla target raised to $500 from $470 at Berenberg!” The stock has been weak, trading at $277 yet a ridiculously far away $470 price target gets raised for one reason…to juice the stock. Just laughable.
Futures up nicely off of the fake trade war that never was a trade war. China is going to blah blah blah buy more stuff even though there are no specific numbers even though some are attaching specific numbers.
Nevertheless, markets were in a quiet, constructive pullback last few days and will now move towards the top of the consolidation. Unless we get the mother of reversals today, this will shape the indices even better.
Besides the trade stuff, MU raises numbers…helping the stock as well as the SEMIS….which had a rough Friday.