Fundstrat
Fundstrat’s Mark Newton’s Bold Tesla Call (new outlook coming Monday!)
10/8/2025, 6:40:17 PM
Economic Summary
- Breakouts accompanied by heavy volume (notably earlier on the 22nd/23rd) indicate bullish continuation potential for tech names including TSLA and NVDA.
- Short-term volatility and consolidation have produced false starts; investors should expect choppy action but the medium-term trend since April remains upward for many large-cap techs.
- Key technical levels matter: for Tesla, support near 324–328 and a structural risk below 314; upside resistance/confirmation around 355 could open a move back toward $400.
- The 'Mag 7' (Alphabet, Microsoft, Apple, etc.) are characterized as broadly healthy, with Apple highlighted as a defensive cash cow for volatile markets.
Bullish
- Heavy-volume breakout suggests continuation of the uptrend.
- Larger trend since April is positive; Tesla likely to rally toward $400.
- Mag 7 stocks (Alphabet, Microsoft, Apple) and Nvidia remain strong buys.
Bearish
- Recent pullbacks and false breakouts create short-term downside risk and choppy price action.
- Tesla structurally weaker if it breaks the Aug 20 low at 314, signaling a larger negative trend.
- Some software names (and one named as overbought) show weakness and overbought risk.
Bullish tickers
TSLANVDAAAPLMSFTGOOGLPOUNDIER
Bearish tickers
TSLAPOUNDIER
TSLA
5 price targets
324328314355400
Bullish
Heavy-volume breakout earlier; support around 324–328; likely to rally toward $400 and retest all-time highs; buyer of dips.
Bearish
Short-term volatility and false breakouts; structural concern if it breaks Aug 20 low at 314 or the June trendline.
NVDA
Bullish
Listed as a top pick and performing strongly alongside other large software/AI names.
Bearish
High valuation and tech consolidation risk could cause pullbacks.
POUNDIER
Bullish
Still recommended by the speaker despite being overbought; seen as hitting on all cylinders.
Bearish
Described as very overbought and showing weakness along with software names.
AAPL
Bullish
Improving recently and viewed as a cash cow; good defensive option in volatile markets.
Bearish
May experience blips during broader tech pullbacks despite overall strength.
MSFT
Bullish
Part of the Mag 7 and described as looking very good overall.
Bearish
Could be impacted by broader tech consolidation and corrective moves.
GOOGL
Bullish
Included in the Mag 7; generally viewed positively and as a core tech holding.
Bearish
Vulnerable to sector-wide weakness though fundamentals remain strong.