NYSE insider Jay Woods on the 'Magnificent Seven' stock that's breaking out into year-end
Jay Woods, chief market strategist at Freedom Capital Markets, will continue to keep an eye on Tesla.
TL;DR
- Tesla's stock has broken out of a five-year base and is technically on the move.
- Tesla has rallied 22% in 2025, outpacing the S&P 500.
- Elon Musk's increased focus on Tesla and shareholder approval of his pay package are seen as positive factors for 2026.
- A 'Santa Claus rally' is anticipated in the last five days of 2025 and the first two sessions of 2026, historically leading to gains for the S&P 500.
- The S&P 500 is on track to end 2025 with more than a 16% gain, marking its third consecutive year of double-digit increases.
- Upcoming economic data releases include minutes from the Federal Reserve's Dec. 10 meeting and job claims reports.