RiskReversal Recap: January 25, 2024

Tesla Tanks, IBM Soars & Potential China Bottom

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RiskReversal Media
January 25, 2024

Today’s MRKT Call is Presented by FactSet

📉 How LOW Will Tesla Go?

Dan Nathan, Guy Adami, and Carter Worth discuss Tesla tanking on earnings, IBM surging, chip stock charts looking frothy, China stocks finding footing, and preview big tech earnings next week.

Click here to access all of the charts mentioned in today’s MRKT Call.

How low will Tesla go?

Timecodes:
Tesla Down, IBM Up (0:00); SPX (11:00); Carter Charts The SMH (12:20); GDX (16:00); Next Week’s Action (17:45); Small Caps (24:30); $FXI, $BABA (31:00); GDP & Yields (36:00); Earnings Insight (38:00)

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WHAT WE’RE READING

  • Tesla Shares Poised for Worst Day Since 2020 After Automaker Warns of Slowdown this Year (CNBC)

  • American Airlines Stock Surges 10% as Strong Demand Drive 2024 Profit Forecast (CNBC)

  • Here’s why Nvidia, Microsoft and Other ‘Magnificent Seven’ Stocks are Back on Top in 2024 (MarketWatch)

  • US GDP Grew 3.3% Last Quarter, Capping Unexpectedly Strong Year (Bloomberg)

  • China’s Share of Global Market Cap Craters (Bespoke)

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