Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Thursday, the 21st of February.
In addition to the markets we normally report on, we will also be looking at the following markets using our Trade Triangle technology.
SLAP ON AN APPLE
First filed with the U.S. Patent and Trademark office in August 2011 and just discovered today by Allappnews.com, is Apple's patent for a “bi-stable spring with flexible display.” In other words, this could be the long-rumored iWatch. Here is what the patent states: With touch screen user input, a user can accomplish a number of different tasks including adjusting the order of a current playlist, and reviewing a list of recent phone calls. A response to a current text message can even be managed given a simple virtual keyboard configuration across the face of the flexible display. We will be looking at Apple (AAPL) today with our Trade Triangle technology to see if this new patent discovery moved the needle or if it makes sense technically to buy, sell, or take a rain-check on this stock.
iPad owners: Did you know you can download my free iBook in iTunes? The book is titled "5 Professional Stock Trading Rules."
Don't have an iPad? Not to worry, you can download a free PDF version of my book right here. Or you can call Melissa at 1-800-538-7424 x 106
TIME TO PLUG IN A TESLA
According to Tesla Motors founder Elon Musk, Tesla is on track to produce and sell 20,000 Tesla model S electric cars in 2013. Whether Tesla and Elon can achieve this goal remains to be seen. Elon Musk, like Steve Jobs, is the iconic face of Tesla and one should never think about selling him short. In addition to Tesla, Elon also founded SpaceX, a space exploration company, which has made some notable achievements in space exploration. Today we will be analyzing Tesla Motors (TSLA) to see whether it's time to plug some Tesla stock into your portfolio.
IS WALMART TOO BIG AND TOO OLD SCHOOL?
I hate to say this, but I think Walmart is now old school. Walmart, who employs 1% of the American workforce, some 1.4 million people here in the states, is really going to have a hard time moving forward and I see little or no growth in its stock price. The readers of this blog know I have favored Amazon over Walmart for some time now. The reason is simple, Amazon has the technology to drive its growth into the future. On the other hand, Walmart is old school, with brick and mortar real estate and tremendous overheads that will just get more expensive. Sam Walton, the founder of Walmart, was a pioneer and saw a business opportunity to sell low cost goods to the masses when he incorporated the company in 1969. Since then, the world has moved forward at hyper-speed and companies like Walmart have not been able to change their business model quickly enough to fend off the likes of all the online companies that are taking a bite out of their business. We will take a look at Walmart (WMT) today using our tried and true Trade Triangle technology.
Have a great trading day, see you tomorrow.
Adam Hewison
President, INO.com
Co-Creator, MarketClub
57 thou for a Tesla? That is crazy. Back in 2000, the EV-1 , remember, "Who killed the Electric Car",cost about 12 thou and worked pretty well on lead acid batteries. There is a dead fish here and I have a good idea who left it, the oil companies.