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$TSLA Tesla Gets Slapped With A Downgrade From Goldman

Goldman Sachs is out with a “very scary” report on $TSLA this morning, suggesting price should fall nearly 30%, bringing a price target of $185. Here are some details:

Tesla Inc TSLA is currently ahead of its OEM peers in terms of “vehicle technology adoption, electric vehicle architecture, and (potentially) battery scale,” Goldman Sachs analyst David Tamberrino said in a report. He added, however, the company’s shares could come under pressure due to a delay in the Model 3 launch and high FCF [free cash flows] burn rate.

Tamberrino downgraded the rating on Tesla from Neutral to Sell, while reducing the six-month price target from $190 to $185. He stated the revised price target represented 28 percent downside, versus 8 percent downside for peers.

I will be looking to add some Tesla back to the portfolio should we get a meaningful dip, not today though. That said, I wouldn’t be surprised to see $TSLA go green today. Goldman likely wants in.

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$RIG Transocean Trading Higher On Strong Earnings Beat

$RIG Transocean is trading higher on the backs of a positive earnings report for Q4 2016. This is a stock I’ve followed closely over the last few months trading in and out of core positions. In my opinion, the company has turned the corner and is setup well should we see oil prices continue to rise. Below, you can find the technical picture for the stock as well as a few notes from today’s earnings report:

Transocean  (RIG) shares were up 6.5% to $14 in early morning trading Thursday after the energy company reported fourth quarter earnings of 63 cents per share, well ahead of FactSet’s consensus estimate of a loss of 4 cents per share. Revenue of $974 million also topped analysts’ $744.2 million expectations.

During the company’s earnings call, CEO Jeremy Thigpen said that the company is actively looking to make merger and acquisition deals.

It’s also worth noting that the stock has found its way back to the runner screen inside Exodus, and I’m looking for another swing entry here. Other names from today’s runner screen worth watching, which include more oil drillers: NE, DO, ESV, ATW.

Today’s full screen can be found HERE. Keep an eye on $RIG as we head into a strong season for higher oil.

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BEHOLD: Oil Fracking Stocks Up nearly 100% To Start 2017

Both $EMES and $SLCA have made it back to the runner screen inside Exodus. Both charts look great for further upside, even with EMES, a favorite in the 2017 Stock of The Year Contest, up nearly 100% to start the year.

I will be doing some more work within the oil industry tonight and this weekend, as the whole industry is ripe for the picking. For now, take a look at the leader board for the 10th annual Stock of The Year Contest:

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Seven Names To Watch This Week

As we begin the week, a short week at that, it’s time to sort out our hybrid screen found inside Exodus, and produce a watchlist for the upcoming week. I’ve imported today’s screen to finviz for your viewing pleasure, you may review the results HERE.

From today’s list, here are a few names I will be watching this week:

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Solar Stocks Continue To Work

Solar names are littering my early scans this morning inside Exodus, and continue to run with Trump in the Whitehouse.  From $SPWR to $CSIQ to $FSLR (a position I own), all made it to today’s runner screen: CLICK HERE FOR RESULTS.

Other charts worth watching today from today’s screen (outside of solar) include:

What are you guys trading today?

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The Very Best Stocks Can Be Found Here

Here’s your weekly look at the top 100 rated stocks inside iBC’s trading software, Exodus. The following screen searches for stocks that have a high financial & technical score within our system, and maintain positive free cash flow.

The results below are sorted by average daily volume, NOT the actual ranking. To view the actual ranking, the official screen for members can be found & saved HERE.

I’ve imported this week’s screen for your viewing pleasure: CLICK HERE FOR RESULTS. My favorites heading into the upcoming week include:

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