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Stock market update 10-29

Last updated on Nov 11, 2022

By Andrew Scarpaci, Sports Editor

Tesla(TSLA) ⬆️

Tesla is booming and back past it’s all time high from early on this year. After all the back and forth, the patience has paid off as the stock price hits $1,000 per share for the first time ever, and has marked over a trillion dollars in market cap. This has caused CEO Elon Musk’s net worth to soar over $250 billion, pouncing on Jeff Bezos for the world’s richest person. We have seen a nearly 90% increase since the low back in May, and 32% this month alone. The Nasdaq, S&P 500, and AARK have all seen tremendous growth due to the Volume Tesla has added, and the similar companies that have risen due to this news Tesla has led.

Boeing(BA) ⬇️

Boeing has seen some tough quarters over the past couple years. This is highlighted by the 7.5% loss in the past 3 weeks. It is hard to tell what will happen in the near future, but there should not be much concern long term as Boeing is still an industry leader, with large government contracts still in the works and a long track record of stability and growth.

Berkshire Hathaway(BRK.A/BRK.B) ⬆️

Berkshire Hathaway is one of the most well rounded companies in the world. With a huge portfolio of other publicly traded companies managed by Warren Buffet, undoubtedly the greatest investor of all time, as well as full acquisitions of dozens of companies across many industries, and a real estate team with hundreds of headquarters all over the world, it makes perfect sense why Berkshire Hathaway has seen a 42% increase this year, and it does not look to slow down anytime soon. The consistency and diversity of the assets under this corporation are a go to for any value investor

Ethereum (ETH) ⬆️

Ether has seen tremendous gains over the past few months along with the cryptocurrency industry as a whole. This 46% boost over the past month has benefited from the obvious bitcoin adoption in everyday use, but also all the NFTs and popular cryptos developed along the Ethereum network such as Chainlink(LINK) and recently hyped up Shiba Inu(SHIB).

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