| Company: Carvana (SYM: CVNA)
The pullback in Carvana (SYM: CVNA) is overkill, we said on Sunday, January 5. At the time, CVNA had just dropped from about $247 to a low of $179.79. All thanks to a bearish report from the short sellers at Hindenburg Research, which says the CVNA pullback is a “mirage” propped up by unstable loans and accounting issues. Even analysts at JPMorgan came out in defense of the stock, brushing off many of the concerns in the Hindenburg report, citing many were “known unknowns that investors have been cognizant of, and have absorbed over the last several years.” |
Behind the Markets
Why Trump’s Win Can’t Stop the Coming Crisis – Protect Yourself Now
Trump won in a landslide, promising a “new golden age in America.”
However, there are economic forces at work that no president can stop, not even Trump.
These forces have caused five major cracks in our economy that could:
Crash the stock market 50%
Triple unemployment
Wipe out 30% of US retirement savings
If you have a 401k, stock investments, or bank accounts, you’re at severe risk. The next 90 days are crucial.
Click here to find out everything you need to know and how to protect yourself today >>>
|
BTIG analysts also defended the stock, noting that the information provided was previously covered by other short sellers. We also noted that CVNA was a buy opportunity, which it still is. By Monday, January 6, CVNA opened at $187.97. By Tuesday, the battered stock was up more than $13 a share at $201.88. That’s about a $14 gain in days thanks to excessive fear. Helping, analysts at RBC Capital just upgraded CVNA to a buy rating with a $280 price target. |
Trading Tips
Invest in the Future: Top 10 AI Stocks 🚀
Tech-savvy investors know that AI is the future. Our exclusive report highlights 10 AI stocks poised for major growth—perfect for those looking to stay ahead of market trends. Discover the companies leading the charge in this booming sector.
Get Your Free Copy Here.
(By clicking this link you agree to receive emails from Trading Tips and our affiliates. You can opt out at any time)
|
As noted by Investing.com, “RBC’s upgrade is supported by four key factors, including an expected increase in retail unit sales as supply improves, confidence in the sustainability of gross profit per unit (GPU) levels, the potential of Carvana’s marketplace opportunity, and anticipated balance sheet improvements.” If you jumped into CVNA on our mention, congratulations on the quick win. If you didn’t jump in yet, we still believe CVNA could race even higher. |
Paradigm Press
Donald Trump to Repeal Joe Biden’s AI Executive Order on January 20th?
This will open the floodgates! Once Donald Trump takes this decisive action, it will ignite a second wave of euphoria in AI stocks. And one company – founded by Elon Musk, Trump’s right-hand man and most trustworthy advisor – is in the prime position to profit. (Hint: It’s NOT Tesla).
