BREAKING: Futures Mixed; Netflix Leads Earnings Movers Shares of Wells Fargo (WFC) recently broke out to new all-time highs after the company reported quarterly earnings. Although the stock has since pulled back, it remains near the bottom of its buy zone. This creates an attractive opportunity to use a bull call spread to capitalize on potential upside momentum. Discover Profitable Trades Each Day With MarketDiem. See How. Wells Fargo Shares Surge On Earnings Wells Fargo reported strong third-quarter earni ...

Core Insights - Tesla's stock experienced a significant increase of 6% on Thursday, indicating a technical breakout and a buy signal for investors [1] - The stock was added to the IBD SwingTrader with a price entry point of 358.38, showing signs of accumulation above key moving averages [1] - The introduction of Tesla's new Megablock energy storage system, which installs 23% faster and reduces construction costs by approximately 40%, highlights the company's innovation efforts [7] Stock Performance - Tesla shares rose another 6% in morning trades on Friday, reflecting strong market interest [2] - The stock is currently above its 21-day, 50-day, and 200-day exponential moving averages, indicating bullish momentum [1] Options Strategy - A bull call spread strategy is recommended for investors looking to take bullish exposure with lower risk, involving buying a call and selling a further out-of-the-money call [2][5] - The cost of creating a bull call spread with a 370 strike price was around $420, with a maximum potential profit of $580 [3][5] - The break-even price for the trade is calculated at 394.20, and a close below 390 on the expiration date would result in a maximum loss of the premium paid [6] Company Developments - Tesla's third-quarter vehicle deliveries are expected to rise by 13% to approximately 432,000 units compared to the previous quarter [8] - The expiration of the U.S. EV tax credit on September 30 may lead to a decline in domestic demand, posing a potential challenge for the company [8] - Tesla's Composite Rating stands at 65 out of a possible 99, with an Earnings Per Share Rating of 53 and a Relative Strength Rating of 84, ranking seventh in its group [8]