Diamonds and Dogs
To the moon Alice. Tesla (TSLA) is soaring 7% to new highs after reporting strong vehicle deliveries for the second quarter. Tesla's stock has tripled so far this year bringing the market cap to over $200 billion, now the most valuable auto company surpassing Toyota and triple the combined value of Ford and GM. Wedbush upgraded the stock with a $1250 price target with a bull case of $2000 a share. Amazing times.
McDonald's (MCD) is putting the brakes on the planned reopening of the restaurants throughout its system. McDonald's stock is unchanged as media outlets are reporting the fast-food giant will pause the reopening of in-dinning for 21 days, in the wake of a spike in coronavirus cases throughout the U.S.
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