On CNBC’s “Trading Nation,” Delano Saporu of New Street Advisors Group said although shares of companies, including Tesla, Inc., NVIDIA Corporation and Microsoft Corporation will continue moving higher in the long term, investors should look for better prices to buy these shares.
He noted that shares of Tesla have jumped around 30 percent in the previous month, but there was a slight pullback in the stock recently. However, Tesla stock is still trading at a “significant premium” to other automakers.
Saporu concluded that investors should look for corrections and buy the stock at better prices.
Price Action
Tesla shares dropped 2.8 percent to close at $1,033.42, while Nvidia shares settled at $303.90 on Friday.Shares of Microsoft rose 1.3 percent to close at $336.72.
By Craig Jones
© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.
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