Diamonds and Dogs
Tesla (TSLA) up 100% year to date. The electric vehicle pioneer is on a roll following better than expected earnings and a number of upgrades. Tesla shares are up 400% from their 52-week low of $178. The rally has created about $130 billion in shareholder value. Tesla is now worth more than a lot of blue chips companies like GE, Nike, Honeywell, United Technology and double the value of Ford and GM combined. Good news for Elon Musk.
Profit-taking in Google/Alphabet (GOOGL). Google is down nearly 3% even though earnings blew out expectations as sales rose 17.3% to $46.08 billion. Management was pleased with their progress in Search and their two new growth areas, YouTube and their Cloud business. Many analysts thought the YouTube ad revenue of $15 billion was light of expectations. However, it's been a great investment after acquiring the website for $1.65 billion back in 2006. Not bad.