Investing

Top 10 Charts & Graphs Heading Into June 2020: S&P 500, Gold, Oil, Tesla, Canopy & More

5) Tesla Chart Became Boring, But Elon Musk’s Payday Is Far From Boring!

Elon Much of Tesla, Inc. (NASDAQ: TSLA) hasn’t exactly been hurting for money, but now he is flush. He earned the first of 12 compensation tranches this week. Tesla’s market cap stayed above $100 billion on both a 30-day and 6-month average and Tesla hit a trailing 4-quarter revenue figure of $20 billion.

Musk now has an option to buy roughly 1.7 million shares with roughly a $350 per share strike price. That would represent a $775 million profit after shares went above $800.

Tesla’s stock chart at the same time has become quite boring as the stock seems to be consolidating for the next leg up or the next leg down. The stock did make it into Friday’s Top Analyst Calls.

Will reports of lower car prices ahead mean more sales and a broader penetration, or does it means that Tesla is going to face margin pressure as many of the people who want to owns a Tesla are now facing a vastly weaker economy and much lower gas prices in a Green vs. Dollars & Cents personal finance check.

Source: ‘TSLA’ StockCharts.com

Source: StockCharts.com

ALSO READ: 8 STOCKS THAT COULD DOUBLE FROM 2020 to 2021

6) Williams-Sonoma Destroys Its Doubters

“Expensive Kitchen and Dining Products” and “Deep Recession” and “Most Retail Stores Are Closed” all in the same sentence, would you guess that it would be a good trend or a bad trend for Williams-Sonoma. Apparently the portion of the country that was laid off, furloughed and unable to work doesn’t shop here.

It turns out that e-commerce sales at Williams-Sonoma and Pottery Barn blew out revenue expectations and earnings were exponentially higher than expected. Despite slower online sales growth than in the prior two quarters doesn’t hurt the image when all of its 600+ stores closed had been closed for over half of its quarter.

Where this gets really interesting is the notion that this stock has now risen 200% since the March bottom, and if you look at the one major analyst downgrade from the same time period it was bottoming out it looks even more amazing. Pottery Barn for kids and teens managed to show higher online sales growth too. It may be very lofty to chase this now, but it goes to show that some companies can and do thrive even in deep recessions.

Hitting 52-week highs on about 4-times normal trading volume is very impressive for what was not considered a defensive retailer.

Source: Finviz.com ‘WSM’

Source: Finviz.com

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