Forecasting How Shares Of Netflix, Tesla, And First Solar Will Perform This Week

The following fourstocks are currently in the midst of uptrends according to VantagePoint, an AI charting platform that uses intermarket analysis to predict future price action 1-3 days in advance.

A couple of things to know in order to understand the charts below:

Each chart is a 3-month chart. Candles represent one day of trading The blue line is a predicted moving average that forecasts a stock's moving average either two or three days out, depending on the chart. The black line is a simple 10-day moving average When the blue line crosses above the black, that's a bullish signal. When the black crosses over the blue, that's bearish 

For a more detailed look at VantagePoint's charts, click here.

Tesla Motors 

Tesla Inc (NASDAQ: TSLA) is unusual because of the sheer amount of headlines the company generates, which opens the stock up to more headline risk on both the short and long side. But looking at it technically, it appears to be headed for a near-term downtrend. The uptrend starting on May 29 looks to have weakened significantly with the stock falling 8 percent on Thursday and Friday. The chart below shows how two moving averages have converged, indicating the stock is heading for a reversal in the next two days.  

First Solar 

First Solar, Inc. (NASDAQ: FSLR) has followed the opposite pattern as Tesla. The stock had a bearish crossover on May 23, and is since down 23 percent. But it seems to have found a level of support in the $51 handle. You can see how the downtrend has flattened out in the last two weeks. On top of that, the Neural Index has shifted to green, indicating near-term upside is likely. FLSR is flat over the last two trading days.

Netflix

Netflix, Inc. (NASDAQ: NFLX) has been on an absolute tear, rising over $100 (33 percent) since May 4. Despite two red candles to close last week, this uptrend is still strong according to VantagePoint. NFLX would need several more flat or down days this week for the trend to show any signs of ending. Across the software's one, two, and three-day forecasts, the uptrend is expected to remain intact.  

Genworth Financial

Genworth Financial Inc (NYSE: GNW) appears to have entered a downtrend. While the stock gapped up 25 percent two weeks ago after an acquisition was approved, its since had eight red days in the last 10. Friday's close led to VantagePoint's two-day predicted moving average crossing below the 10-day moving average, signaling temporary weakness. This will be one to watch early this week to see whether the trend will show further conviction. 

VantagePoint is a content partner of Benzinga. For a free trial, click here. 

Business Leaders Want to Build ‘Talent Pipeline’

A common complaint from employers ever since the financial crisis is that they can’t find employees with the skills businesses need. For a time this so-called structural unemployment grabbed a lot of headlines.

Whether the high unemployment rates that followed the Great Recession were structural or not is no longer an issue, with U.S. unemployment now below 4%. The most recent estimate for the U.S. Department of Labor indicates that for the first time ever there are 6.7 million jobs available and only 6.4 million workers available to fill them. Now the question is how to create a job market in which workers have the skills required by prospective employers.

The Business Roundtable, a group of CEOs representing most of the largest U.S. companies, plans to address the issue by teaming up with local colleges and universities to accelerate and scale best-in-class workforce readiness programs. The plan, called the Workforce Partnership Initiative (WPI), is designed to develop a “steady talent pipeline that meets the changing needs of each region’s growing industries.”

Roundtable Chair Jamie Dimon, CEO of JPMorgan, said:

Public-private sector partnership is the key to training the skilled workers we need for the millions of jobs available today and for the economy of tomorrow. Through this first of its kind model, we are aligning our business priorities and technological advances to build and grow local efforts that provide workers with the skills and education tools they’ll need to succeed.

Wes Bush, CEO of Northrop Grumman and chair of the Roundtable’s education and workforce committee, added:

The WPI is a one-of-a-kind answer to this problem. Not only will these partnerships allow us to address specific workforce challenges facing regional employers, it will bring renewed hope to households and communities across the country �� offering Americans of all backgrounds a chance to gain skills they can use to build a better life for themselves and their families.

In the Washington, D.C., region more than a dozen of the region��s leading universities and private sector businesses will work alongside the Roundtable’s Greater Washington Partnership to “develop new, unique, industry-recognized education credentials to increase the number and quality of skilled students graduating from digital technology programs in the Greater Washington area.”

Programs are planned to launch six additional regions in the coming months.

India tried to sell its national airline. It got zero bids

India has failed to find a buyer for its ailing national airline.

Selling Air India was one of the government's economic priorities for this year, and the failure of the auction will dampen hopes that it could privatize other state-owned companies.

Bidding for the national carrier closed Thursday without a single prospective buyer coming forward.

"As informed by the transaction adviser, no response has been received for the expression of interest floated for the strategic disinvestment of Air India," the Indian Ministry of Civil Aviation said on its official Twitter account.

The government put Air India on the auction block last year, and was offering bidders the chance to buy 76%. It wants to scale back taxpayer support for an airline that has lost money for years.

The auction deadline had already been extended in the hope that a buyer may come forward. The future of the indebted carrier is now very uncertain.

"Further course of action will be decided appropriately," the ministry said in its tweet.

As informed by the Transaction Adviser, no response has been received for the Expression of Interest floated for the strategic disinvestment of Air India. Further course of action will be decided appropriately.

— Ministry of Civil Aviation (@MoCA_GoI) May 31, 2018

Air India declined to comment, referring the matter to the ministry. Aviation ministry officials did not respond to requests for comment.

Despite its losses, and growing competition from budget carriers such as SpiceJet and IndiGo, Air India is still a major player in an aviation market that is projected to be the world's third biggest by 2026.

But buyers were put off by Air India's enormous debts -- more than $7 billion. The government wanted the new owner to take on $5 billion of that.

The Center for Asia Pacific Aviation (CAPA), an aviation consultancy, estimated that Air India could lose another $2 billion in the next two years.

India's national carrier faces an uncertain future as losses mount.

Some of the terms of the sale also deterred potential bidders.

IndiGo backed out because it only wants to buy Air India's international operations -- an option the government didn't offer.

The government had also barred companies from folding Air India's business into their own, saying it must continue operating "on an arms length basis."

Analysis: Why no one wants India's national airline

Any international bidders would have had to find a local partner, because regulations prevent foreign firms from owning more than 49% of an Indian airline.

Analysts say the government may have to sweeten the terms if it wants to have another go at offloading Air India, which still accounts for around 17% of all India's international traffic. It carried almost 19 million passengers during the last fiscal year.

CAPA says privatization may be the carrier's last hope.

"If the divestment process is not executed successfully, the airline could possibly close, unless the government has the appetite to use billions of dollars of taxpayer funds," the organization said in a recent note.

-- Sugam Pokharel contributed to this article.