Come on Musk.

Shame on you Tesla (TSLA - Get Report) CEO Elon Musk for trashing The Economist on Twitter - it was a very Trumpian move. Said Musk on Twitter last night, "The Economist used to be boring, but smart with a wicked dry wit. Now it's just boring (sigh). Tesla will be profitable & cash flow+ in Q3 &Q4, so obv. no need to raise." Did this guy just give random earnings guidance on Twitter? Further, did this guy just give random earnings guidance on Twitter that probably will be missed?

As TheStreet has consistently written, Musk may be one of the biggest risks to Tesla's survival, believe it or not. He also presents out-sized risk to the stock thanks to his ridiculous tweets. Nothing boring about those comments Elon -- as always I await your Twitter reply.

Bank Earnings

Darn hard to not like the numbers out of Action Alerts PLUS holding JPMorgan & Chase (JPM - Get Report) . Profits up nicely in all segments vs. the fourth quarter. Big year-over-year spikes in return on assets and equity from a year ago. Trading revenue up thanks to the return of volatility in the first quarter (can't wait to see the blowout quarters from TD Ameritrade (AMTD - Get Report) and Schwab (SCHW - Get Report) ). Good card revenue growth from the fourth-quarter bodes well for retailer's first-quarter results.

Want to hit JPMorgan for not delivering more to the bottom line (only a 9-cent beat)? Perhaps that's fair, but that shouldn't overtake the broader narrative that the Jamie Dimon-led bank has entered the second quarter with momentum. Keep on tweeting about trade wars Mr. President - the banks are loving the volatility.    

Go Buy Some Tech Stocks

As your Twitter (TWTR - Get Report) following grows, it gets tougher to analyze the seemingly endless stream of tweets. But this week one thing has become clear in the tweets to me (besides those filled with hate for my bearish views on that money-losing outfit Tesla-- keep those tweets coming as it's motivating, in fact ramp up the pace and copy in @ElonMusk), people want to know when they can trade back into tech stocks. The space has been whacked since mid-May as the Facebook (FB - Get Report) situation has taken on a life of its own.

In fact, Goldman Sachs (GS - Get Report) has a list of tech stocks that have been especially correlated with Facebook's stock rout, such as winning long-time Action Alerts PLUS holding Nvidia (NVDA - Get Report) and rival Advanced Micro Devices (AMD - Get Report) . In many cases the beatings have been overdone. For example, Electronic Arts (EA - Get Report)  shares don't deserve to be down by a double-digit percentage since March 15 -- it's doing very well financially and its CEO isn't being raked over the coals by regulators (and won't be).

For these names with still strong business models, now is the time to buy as headline risk dies down on Facebook following Mark Zuckerberg's testimony and what should be a good earnings season for the sector commences. 


Around the Horn

General Electric (GE - Get Report) has to do something, anything, to stop its stock from falling. A fluffy interview with CEO John Flannery and Jack Welch's wife (note: Jack Welch basically founded GE, for you millennials reading this) this week is unlikely to get the job done. It must come out on April 20 earnings day with news that fundamentally starts to change the future of GE. The company's execs must then hit the road and explain to Wall Street why these actions are going to be great for GE's bottom line over time (that includes upside potential). GE has had about nine months to work on this stuff - it's time to get something done.

The 'Jolt' investing tip of the day actually goes out to C-suite executives across the word: Always watch your back because someone is always vying for the top gig. Reading the various Volkswagen (VLKAY) CEO shake-up news, it's pretty clear new CEO Herbert Diess undermined his now former boss Matthias Müller. He reportedly built up a base of support among board members and shareholders to appoint him as CEO, despite Müller's success turning around VW after the emissions scandal. Crazy, but hey it's vicious out there.  

Before You Go

Get ready for the must-attend investing conference of 2018, hosted by none other than TheStreet's Jim Cramer. From an exclusive interview with PayPal CEO Dan Schulman to expert panels that touch on investing in the stock market to alternative investing, you won't want to miss the event TheStreet is hosting on May 5. Details are below.

How to Diversify Your Portfolio: A Boot Camp for Investors
  • Date: Saturday, May 5, 2018
  • Location: 117 West 46th Street, New York City
  • Register here