A Tesla Supercharger station in North Vancouver, British Columbia, Canada, on Tuesday, Sept. 13, 2022.
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10 things to watch Monday, March 3
— Today’s newsletter was written by Jeff Marks, director of portfolio analysis.
1. Stocks are poised for a higher to start March following a strong oversold rally in Friday’s session. Wall Street is continuing to watch the latest trade headlines, with President Donald Trump’s tariffs on Mexican and Canadian imports set to go into effect tomorrow.
2. Bitcoin and other cryptocurrencies surging after Trump announced a U.S. strategic crypto reserve. The announcement is receiving some pushback for not solely being a bitcoin fund. Trump said it also will include XRP and ether, among others.
3. Morgan Stanley’s well-known auto analyst Adam Jonas made Tesla his top pick in U.S. autos again following the stock’s 27.5% year-to-date decline. Shares of Tesla added around 3% this morning.
