Diamonds and Dogs

12/20/22

GE (GE) creeps higher. The industrial rose 3% as they won a gas turbine deal in Ireland. The stock was upgraded last week with a $98 target at RBC Capital Mkts. The upgrade was based on the improving fundamentals at GE healthcare. However, GE's aircraft engine business has been improving along with Boeing. GE has had a nice bound the last two months, but still down for the year. Tough year.

Tesla (TSLA) at a two year low on a downgrade. Not much going right for Tesla right now as found and CEO has spent most of his time at Twitter the last month. Elon Musk is now looking for a CEO for Twitter. The EvercoreISI analyst Chris McNally slashed his price target on Tesla's stock to $200 from $300 on Tuesday, joining bearish takes in the past week from Goldman Sachs, Wedbush, and Oppenheimer. The technical analyst at Roque has a price target of $100 a share. Tesla shares would be at roughly 17 times estimated 2023 earnings. That is a market multiple where value buyers might take a look.

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