The U.S. stock market opened nicely higher this morning, and managed to build on these early gains throughout the afternoon. At the end of the session, the Dow Jones Industrial Average was ahead 213 points; the broader S&P 500 Index was higher by 28 points; and the NASDAQ, which clearly displayed leadership, was up 95 points (a roughly 2% advance). Market breadth was overwhelmingly positive, as winners trounced losers on the NYSE by better than three to one.
The business outlook at Tesla Motors, Inc. (TSLA) is intriguing. While the electric vehicle manufacturer has reported operating losses in every year since its IPO, the company has certainly been exciting auto enthusiasts. Much of the recent interest in the company is due to the introduction of its lower-priced Model 3. The stock price has been very volatile over the last few quarters, but will it be able to climb steadily higher, thanks to the new Model 3? Are the shares are a good long-term investment, given the fierce competition and production-related concerns? We will address these issues by performing an easy-to-follow SWOT analysis of the company, evaluating its Strengths, Weaknesses, Opportunities, and Threats.
The world's largest brick-and-mortar retailer, Wal-Mart Stores, (WMT) reported better-than-expected revenues, same-store sales, and earnings per share for the fiscal first quarter ended April 30, 2016 (years end January 31st).