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Will Tesla Race Ahead Today?

The US dollar was volatile yesterday. It started climbing back from a 15 month low, showing further gains of 0.3% on Wednesday. The Japanese yen and euro both softened slightly against the greenback. Tokyo stock exchanges remain closed for public holidays, while Hong Kong and Chinese indices showed mixed results. Shares in BHP Billiton crashed just over 8% as the troubled miner faces a $43bn civil suit in Brazil. The company has already been suffering from low commodity prices and is experiencing another difficult year. The ASX 200 experienced a knock on effect as other commodity dependent companies, including Rio Tinto, also showed drops in share prices.

Several big companies are releasing their Q1 earnings today. One name that’s already attracted massive investor attention is Tesla. The US car manufacturer secured pre-orders worth $10bn for its new Model 3 car and its stock is up 70% since February! Adidas will also be competing for a place in the fast lane and as will other global brands like Alibaba and Trip Advisor.

Do you think the big names will meet expectations – or is it just hype? Either way, stocks are likely to be volatile and there could be some sudden trading opportunities as earnings are released.

 

Reports expected to be released today

ADS DE

Adidas AG

01:30 am ET

TRIP

TripAdvisor Inc

After Market Close

TSLA

Tesla Motors Inc

After Market Close

ZNGA

Zynga

After Market Close

 

 

* Remember: your capital is at risk

*Trading CFD's carries a high level of risk to your capital, losses may exceed deposits

* The information above is not investment advice

 

Source: https://pages.etoro.com

 

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