On CNBC’s "Trading Nation," Delano Saporu of New Street Advisors Group said although shares of companies, including Tesla, Inc. (NASDAQ:TSLA), NVIDIA Corporation (NASDAQ:NVDA) and Microsoft Corporation (NASDAQ:MSFT) will continue moving higher in the long term, but investors should look for better prices to buy these shares.
He noted that shares of Tesla have jumped around 30% 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% to close at $1,033.42, while Nvidia shares settled at $303.90 on Friday.
hares of Microsoft rose 1.3% to close at $336.72.
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