Santoli on why US stocks keep rising | How the pros trade Tesla | A top growth fund
| EDITOR'S NOTE
Tesla shares were front and center once again this week after the electric car maker moved forward with a $2 billion secondary offering. The stock saw some turbulence on the back of that offering but managed to rise more than 6% for the week and is still attracting interest from retail traders. However, it has been anything but a smooth ride for Tesla.
In 31 trading days this year, Tesla shares have posted 23 moves of at least 1%. By comparison, the S&P 500 has had just five moves of that magnitude. CNBC talked to professional traders on how they are capitalizing on Tesla's wild moves.
Meanwhile, the broader stock market notched a second consecutive weekly gain, and hit record levels, even as concerns about the coronavirus lingered on investors' minds. Last week, China made changes to its counting methodology for coronavirus cases. Those adjustments led to a spike in reported cases and a higher death count. Investors are also not clear on how much the virus will weigh on the global economy.
Still, CNBC's Patti Domm writes that investors think equity prices could continue to make fresh all-time highs. "It does feel as though the market thinks the worst is over," Ed Keon, chief investment strategist at QMA, tells Domm.
CNBC's Michael Santoli writes U.S. stocks may be getting a boost as overseas investors flock into American markets as a type of safety trade. However, he notes that puts U.S. stocks at risk of stretching themselves to extremes.
Enjoy the long weekend and thanks for reading the Weekend Brief.
Be sure to check out CNBC PRO for full coverage of the latest moves of big money investors. Check out the latest news out last night on Warren Buffett, David Einhorn and others.
MICHAEL SANTOLI'S MARKET COLUMN
THE WEEK AHEAD
YOUR WEEKEND BRIEFING
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