Category: Features

Tiger Wolf Capital : Stocks to trade this week

$BA Boeing

News: Southwest Airlines on Monday said it is buying 100 new Boeing  737 MAX jets.

This is big news for Boeing, which lost hundreds of orders during a prolonged grounding of the troubled jet and reduced demand for travel during the coronavirus pandemic.

The order for the MAX 7 jets, the smallest MAX variant, means Boeing will retain its lock on one of its most important airline customers. Southwest’s fleet is made up entirely of 737 jets, but the carrier had been re-evaluating that strategy.

Technical Analysis: On Monday: $BA closed @ $250.52, +2.31% from Friday’s close.

In my personal opinion, I do not think this news is big enough to make the stock continue going up.

I think this was a 1-time push and we should anticipate more downside to come.

I do believe $BA will trade lower into $242.69 and maybe even 233.78

I like the $230puts for 4/9 – currently trading @ 1.90

 

 

PENN Penn National Gaming Inc.

News:  Deutsche Bank Gaming report warns about NY government being more pessimistic about passing new gaming laws.

Now I personally do not agree with the report, but I do see the stock continue to sell-off.

After recently joining the S&P500 ETF, SPY, investors are not interested in owning the individual company when they can just bet on the overall market doing well.

On Monday, PENN closed at $98.21, down 7.85% from Friday’s closing price.

I do see the stock heading lower into $86.17

I do like the $90 puts for 4/9, currently trading at 2.41

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Tesla increases Model Y price in China after successful launch in the market

Tesla has increased the price of the Model Y electric SUV in China last night after a successful launch in the market.

In January, Tesla launched the Model Y in China.

The launch of the electric SUV was highly-anticipated since the electric crossover/small SUV segment is very popular in the market, and since Tesla was waiting on producing the vehicle at Gigafactory Shanghai before launching it in the country, the market was curious about the price point Tesla could hit.

The automaker ended up launching the Model Y at a lower than expected price of 339,900 yuan ($52,000) for the Long Range Dual Motor version, and the Model Y Performance version started at 369,900 yuan ($56,600).

It was a successful launch as the automaker delivered just over 1,600 Model Y electric SUVs in China in January and quickly ramped up to 4,630 Model Y deliveries in February.

As we previously reported, Tesla sold out the first quarter of planned production in just a few days, and Model Y is believed to already be putting pressure on competitors NIO and Xpeng.

Now, Tesla has decided to increase the price of both Model Y versions in China overnight:

 

Tesla Model Y, China

The price has increased by 8,000 CNY, which is the equivalent of about $1,200 USD.

As usual, Tesla didn’t disclose the reason behind the price changes, but the automaker also made several price changes in the US and other markets in recent months.

Tesla’s Model Y production ramp-up at Gigafactory Shanghai is being followed closely by the market as it is expected to be the biggest contributor to the automaker’s growth in 2021.

The company has hinted at producing as many as 200,000 Model Y vehicles at the factory this year.

Gigafactory Shanghai could produce up to 450,000 vehicles in 2021.

The factory has already been a great success for the automaker, and now, it is trying to recreate that success at Gigafactory Berlin and Gigafactory Texas, which are currently both under construction and where Tesla plans to also produce the Model Y.

Disagreement about U.S. and Euro-Area Inflation Forecasts

FRBSF Economic Letter

2021-08 | March 22, 2021 | Research from the Federal Reserve Bank of San Francisco

Disagreement among economic forecasters about the outlook for inflation in both the United States and the euro area has increased since the onset of the pandemic. The nature of these forecast differences can provide insights into the inflation risks that lie ahead. Many forecasters initially expected substantially lower inflation over the next year but subsequently raised their expectations as economic activity began to improve. In contrast, changes in expectations and disagreement about longer-term inflation have been relatively subdued and suggest a balanced likelihood between higher and lower inflation.