SEC Chair Clayton says he's worried about short-term trading in stocks like Tesla

  • 📰 CNBC
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

“Short-term trading is much more risky than long-term investing, and so I do worry,” SEC Chair Jay Clayton says about retail investors.

carmaker is now worth about $300 billion, the result of a 512% increase in its stock price over the last 12 months.

Clayton added that the SEC has issued guidance to brokers and investment advisors on how to give individuals proper warning about the risks they face when allocating capital in select equities.Though some analysts have argued that Tesla's newfound valuation may reflect a long-term belief that the company will lead a broader, nationwide shift to electric cars, others have decried the spike as disconnected from reality.

Morgan Stanley's widely followed autos analyst, Adam Jonas, noted last week that "the power of hope" is taking an ever-more-important role in Tesla's climb. Tesla's stock rose 4.2% in premarket trading Thursday morning as investors applauded the better-than-expected financial results it released Wednesday evening.for exclusive insights and analysis, and live business day programming from around the world.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ha Ha Ha, they do not want short-term traders taking profits. I sleep better and make better money versus long-term trading.

Captain Obvious moment. Yes, over the long term, equities on the whole go up. In the short term, they are more volatile. But higher risk brings higher potential reward. Short term traders who bought at March lows and have taken money off the table in June/July have been smart.

It will end in crying as it should

How about the SEC worry about what $NKLA's telling shareholders on the CEO's twitter?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla stock soars on profitable quarter despite coronavirus shutdowns - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Hey S&P 500 .50 cent profit ..... hmmm why’d they go and make elon look like he has down syndrome
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tesla reports earnings with stock at an all-time high — what to expect - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tesla stock soars as company continues profitability streakTesla reported its fourth straight profitable quarter Wednesday afternoon, sending its already surging stock 5% higher. Whaaaa ♥️♥️
Source: CNN - 🏆 4. / 95 Read more »

Tesla electrifies the auto industry’s new eraTesla electrifies the auto industry’s new era: Elon Musk’s young carmaker leads global transformation of transportation by MinamiFunakoshi and Paul Lienert MinamiFunakoshi He doesn’t transform sh*t, to be honest MinamiFunakoshi CCP MinamiFunakoshi The first horse out of the traps isn't always the winner and whilst Tesla has got the others doing catch up, in the auto business its not just about making cars its about distribution, dealers, service/parts and Financial Products. Many of the others are well rehearsed in these.
Source: Reuters - 🏆 2. / 97 Read more »