The markets ended the week slightly higher on Friday after geopolitical tensions and a tech sell-off dragged on stocks for most of the day.
With markets still hovering around record highs, some buying opportunities may be presenting themselves.
Take Tesla Inc. (TSLA) , for instance. The $60 billion electric car company is in correction mode, shedding around 3% of its market value this week, leaving short sellers (which represent about 22% of its float) salivating. But according to the charts, the company could actually be gearing up for a move higher.
Couple that with the fact that Elon Musk plans to unveil the company's electric truck next month, and there are more positive catalysts ahead for the company than speed bumps. At least, until the company beings production and can prove its gotten over the issues it has had with Model 3 sedan, right Elon?
Don't count out the traditional media industry-yes, newspapers and magazines-either. While The New York Times Co. (NYT) and Jeff Bezos-owned Washington Post, as well as The New Yorker and The Atlantic, have won the big Trump Bump digital subscription headlines in the first half of the year, the Los Angeles Times has quietly assumed the leadership in digital subscriptions among regional dailies, meaning a win for its parent Tronc Inc. (TRNC) . Tronc itself has seen an 89% year-over-year increase in overall digital-only subscriptions, according to TheStreet's Ken Doctor.
That's not to say that you should go throwing your money at media stocks (yes, I realize I work for a publicly traded media company), as they still face headwinds and include distinct laggards.
At the same instance, the Los Angeles Times hit 100,000 digital subscriptions, Time Inc. (TIME) announced it would put even more assets on the block as the company grapples with a $1 billion-plus debt load.
This is an excerpt from "In Case You Missed It," a daily newsletter brought to you by TheStreet. Sign up here.
Walmart as trusted as your neighborhood milkman?
The days of the milkman are long gone but the friendly neighborhood delivery person may be making a comeback. On Friday, Walmart Stores Inc. (WMT) took food delivery to the next level, announcing that it is testing a new service that delivers groceries not just to your doorstep, but straight into your refrigerator. It is just another sign of the times, as earlier this week Albertsons LLC became the first national grocery chain to acquire a meal kit company in Plated. Read More about the new wave of grocery delivery
More of What's Trending on TheStreet: