The stock market has been driven by the outperformance of the Magnificent 7 stocks. But is it too late to buy these stocks? And if so which one should you buy? Freedom Capital Markets Chief Global Strategist Jay Woods joins Yahoo Finance’s Julie Hyman on Good Buy or Goodbye. Woods calls Amazon (AMZN) a "good buy," citing bullish technicals, reasonable P/E ratio, and strong e-commerce and cloud businesses. Tesla (TSLA) didn’t seem to make the cut—Woods states the biggest drawbacks are the downtrending stock chart, delays and disappointments launching the Cybertruck, and recent earnings disapointments, To see more Good Buy or Goodbye, click here. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
The electric car company run by billionaire Elon Musk was accused last year by California's Department of Motor Vehicles of falsely advertising its Autopilot and Full Self-Driving features as providing autonomous vehicle control. The DMV is seeking remedies that could include suspending Tesla's license to sell vehicles in California, Tesla's largest U.S. market, and requiring the company to make restitution to drivers. Tesla in a Dec. 5 filing with the state Office of Administrative Hearings, released by the state on Friday, said that the DMV had investigated its use of the Autopilot brand in 2014 and of that and other phrases in 2017.
It can take 20 minutes to “fast charge” an electric car up to 80% so you can get back on the road. It would seem faster to just change your vehicles’ battery like you would in a toy car and be back on the road in just a few minutes with a fully charged battery pack.