LiveWire

Currently sitting at $133, this 20% upside does not seem to come as a surprise for anyone following the news around Apple products, pricing and market power. The next generation of iPhones are already coming out at the end of the summer, on the back of what was an already highly successful March quarter--revenues were $47.9B, up 65.5%. 

Rockwell Automation said on Friday it would buy business software maker Plex Systems for $2.22 billion in cash, as the U.S. industrial automation equipment maker looks to boost its revenue from cloud offerings. An increasing number of organizations have been automating their operations during the COVID-19 pandemic and managing their manufacturing, supply chain and finances remotely. Plex's platform helps customers to connect, automate, track and analyze their operations and supply chains.

The famous EV maker Tesla  is now up 10% in the last three trading sessions, which could potentially erase the losses that occurred when investors moved out of growth stocks and the sentiment on the company faltered. Fear of Chinese competition on EV making has also been a weight, and so was the global semiconductor shortage. The stock closed Thursday at $679.82, while leaves it with a negative 3.7% return for the year.

Panasonic bought 1.4 million Tesla shares at $21.15 each in 2010 for about $30 million. That stake was worth $730 million at the end of March 2020. The shares have gained almost seven fold since then and closed up 3.5% at $679.82 apiece on Thursday.

While buying shares at 40 times their earnings might not seem to be the greatest deal, the head of equity derivatives at Barclays urges investors to buy more FAAMG (Facebook, Amazon, Apple, Microsoft, Google). Although these stocks look stretched with a 35% premium over the S&P 500, it would be wrong to assess their valuations on the same basis as that of other stocks, because it would be neglecting their outstanding growth potential and vastly superior earnings power.