Tesla's (TSLA) Elon Musk is Playing Chess with NVIDIA (NVDA) Chips

Published: 04 June 2024
on channel: Money Morning
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Chris Johnson discusses three stocks that are moving the stock market— Exxon Mobile (XOM), Nvidia (NVDA), and Tesla (TSLA) —highlighting market trends, economic indicators, and potential impacts on stock performance, emphasizing Nvidia's vulnerability and Tesla's upcoming shareholder vote.

[00:00](   • Tesla's (TSLA) Elon Musk is Playing C...  ) Analysis of three key stocks and market overview
Introduction to the three stocks to watch: Exxon Mobile, Nvidia, and Tesla}
Discussion on interest rates and economy slowing down for FED comfort}
Significant decrease in job openings since 2021, impacting the job market}

[03:41](   • Tesla's (TSLA) Elon Musk is Playing C...  ) Analysis of the impact of falling oil prices on the economy
Discussion on the recent drop in oil prices and its correlation to geopolitical events}
Comparison of current oil price trends to historical patterns, specifically referencing 2001 and 2022}
Prediction of lower oil prices leading to reduced costs for consumers at the gas pump}

[07:25](   • Tesla's (TSLA) Elon Musk is Playing C...  ) Analysis of energy stocks and market momentum
Understanding market momentum indicators like the 50-day and 200-day moving averages}
Interpreting the negative momentum shift in energy stocks over the next four to six weeks}
Predicting potential decline in demand for oil based on economic slowdown indicators}
Recommendation to watch ETFs like XLE for potential market movements in the near future}
Exxon Mobile's underperformance and analyst ratings in the current market scenario}

[11:08](   • Tesla's (TSLA) Elon Musk is Playing C...  ) Nvidia's strong position in the market and recent developments
Nvidia identified as the most dangerous stock in the market}
Overview of the Magnificent 7 safe haven stocks in 2021}
Reasons why Nvidia is considered the most dangerous stock}
Nvidia's current position after two quarters of Blockbuster results}
Nvidia's response to competition from AMD and Intel}

[14:50](   • Tesla's (TSLA) Elon Musk is Playing C...  ) Analysis of stock movements and potential price levels for NVIDIA and Salesforce
Discussion on potential price movement triggers for NVIDIA and Salesforce}
Focus on the importance of $900 as a key level for NVIDIA}
Highlighting the significance of the 50-day moving average for NVIDIA}
Transition to discussing an update on Salesforce stock}

[18:32](   • Tesla's (TSLA) Elon Musk is Playing C...  ) Elon Musk's potential move to X and XAI is causing concern among Tesla shareholders due to his visionary role in the company's success.
Elon Musk's announcement about moving chips to X and XAI is creating uncertainty among Tesla shareholders.}
Institutional Shareholder Services recommended shareholders vote against Elon Musk's pay package.}
Tesla's stock has been unusually quiet, showing the smallest reading of the Binger bands in the last year.}
The tightening of Binger bands indicates potential volatility in Tesla's stock price.}

[22:15](   • Tesla's (TSLA) Elon Musk is Playing C...  ) Analysis of Tesla stock price trend and potential future outlook
Discussion on the current danger in Tesla stock trading}
Potential for Tesla stock to explode in the future}
Opportunity to buy Tesla stock at $100 if it breaks below $150}
Nvidia stock analysis and impact on the market if it breaks below $1100}
Expect volatility in the market, especially with Tesla stock dropping rapidly}


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