Jim Cramer is returning on Friday, Jan. 3rd to kick off another fun year of TheStreet Live at 10 a.m. ET.
In his absence, Jeff Marks, senior portfolio analyst with Action Alerts PLUS, joined TheStreet to talk about the top headlines as everyone starts to return from vacation on Thursday, Jan. 2.
Time to Talk About Phase Two?
On Tuesday, President Trump tweeted that he would be sitting down with China on Jan. 15 to sign the Phase One trade deal between the two countries.
So, with a signing in the books, should investors start thinking about the next phase of the trade deal, especially since the President himself seems to have turned his attention to Phase Two.
Boeing's No Longer Top Dog
According to Reuters, Airbus delivered 863 aircraft in 2019. Reuters cited airport and tracking sources. Deliveries rose 7.9% from 800 aircraft in 2018.
Boeing, meanwhile, through the first 11 months of 2019 delivered just 345 aircraft, down from 704 the year before. Boeing has yet to release deliveries data for the full year.
And this comes after the negative headlines that have been plaguing Boeing -- from the issues with the 737 MAX aircraft to the executives who have stepped down in the past year.
And Then There Was Tesla...
So is 2020 going to see Tesla over $500?
Analysts at Canaccord seem to think so.
They boosted Tesla's price target to $515 from $375 Thursday, Jan. 2.
Analyst Jed Dorsheimer said Tesla's business in China, where customers will start receiving Model 3 sedans on January 7, and its developing footprint in Europe will offset slowing U.S. sales this year, while Model Y production will increase Tesla's overall capacity thanks to platforms shared with benchmark Model 3. Dorsheimer expects fourth-quarter deliveries to bring its 2019 total past 360,000 units.