Tuesday's ETF Movers: XLY, HEFA
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 02 2024
0mins
Should l Buy TSLA?
Source: NASDAQ.COM
- Underperforming ETF: iShares Currency Hedged MSCI EAFE ETF (HEFA) is down by 1.9% in Tuesday afternoon trading.
- Weakest Components: Shares of Monday.com (MNDY) and Global-e Online (GLBE) within the HEFA ETF are lower by about 1.5% and 1.4% respectively on Tuesday.
- Video Mention: The article mentions a video titled "Tuesday's ETF Movers: XLY, HEFA."
- Disclaimer: The views expressed in the content belong to the author and may not represent those of Nasdaq, Inc.
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Analyst Views on TSLA
Wall Street analysts forecast TSLA stock price to fall
30 Analyst Rating
12 Buy
11 Hold
7 Sell
Hold
Current: 417.070
Low
25.28
Averages
401.93
High
600.00
Current: 417.070
Low
25.28
Averages
401.93
High
600.00
About TSLA
Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Reliance on Technological Breakthroughs: Pichai notes that the feasibility of this initiative hinges on significant breakthroughs in launch technology by Musk's SpaceX, showcasing the potential for developing space-based infrastructure.
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- Earnings Quality Concerns: Despite the market's historically high valuation, the second-highest P/E ratio (39-41) raises concerns about earnings quality, as many companies rely on non-sustainable income sources to maintain profits, potentially undermining long-term investor confidence.
- Challenges for Apple and Tesla: Apple masks its lack of real earnings growth through stock buybacks, while Tesla relies on automotive regulatory credits and interest income, which account for 63% of its pre-tax income, highlighting the earnings quality crisis facing market leaders.
See More
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- Increased Market Volatility: Despite a 16% rise in the S&P 500 in 2025, Trump's tariff policy triggered a 10.5% drop in just two days following its announcement on April 2, marking the fifth-largest decline since 1950, indicating the policy's detrimental impact on investor confidence.
- Earnings Quality Concerns: The tariffs imposed by Trump in 2018-2019 had a lasting negative effect on U.S. companies, with affected firms experiencing declines in labor productivity, employment, sales, and profits from 2019 to 2021, suggesting that current tariffs could replicate these adverse outcomes.
- Rising Inflation Pressure: Since the implementation of tariffs, the U.S. inflation rate has increased, with import duties raising production costs for certain businesses, leading to higher consumer prices and diminishing the likelihood of the Federal Reserve lowering interest rates, which could hinder economic growth.
- High Market Valuation: Entering 2026, the S&P 500's cyclically adjusted price-to-earnings (CAPE) ratio fluctuated between 39 and 41, significantly above the historical average of 17.34, highlighting the market's reliance on earnings quality; a decline in earnings quality could trigger a market correction.
See More
