Tesla: Soaring On Momentum, But Still Risky

Tesla hit a new all-time high Tuesday after Stifel Nicolaus set a $400 price target on the company. However, despite strong efforts towards expansion and decent fundamentals, Tesla is facing weak demand. Telsa may eventually move past these issues but wait on opening a long position until improvements in demand are clear. Read more at Seeking Alpha.


iCloud Hacks Could Damage Apple Ecosystem, Sales May Suffer

Several individual users of Apple iCloud were hacked and nude photos released. It is not clear how hackers were able to gain access to the accounts, which included several celebrities. Apple’s products already lack several features offered by its rivals. If the company loses its perception of security, sales could suffer. Read more at Seeking Alpha.