MarketCast: Why Tesla is a ‘no trade’ stock
From the Stansberry NewsWire team:
In this week’s political “Hot Spots” episode, the team takes a deep dive into geopolitical flare-ups.
John notes the good thing about currency devaluations – They’re nothing we haven’t seen before… “We’ve had currency problems before… the Russian ruble’s always been a problem, and even three years ago the Chinese yuan when they devalued.”
Scott and John discuss S&P 500 earnings, and market outlook based off the current earnings multiple. And then the team talks Tesla and Elon Musk’s proposal for a leveraged buyout and how a company with questionable financials and creative accounting could be worth $350 a share.
And for daily alerts, trading tips, and actionable recommendations from the Stansberry NewsWire, click here.