Midday movers: Intel falls, American Express climbs
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Go back to Midday movers: Intel falls, American Express climbs
January 30, 2024 12:22 PM EST
In the face of Tesla's (NASDAQ: TSLA) recent market turbulence, Ark Invest, led by Cathie Wood, has doubled down on its support for the electric vehicle (EV) giant.
The investment firms Ark Innovation ETF (ARKK) purchased 148,246 Tesla shares on Thursday, while the Ark Next Generation Internet ETF (ARKW) added 29,624 shares. The combined total of... More
January 29, 2024 9:00 AM EST
Jefferies reiterated a Hold rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the automakers stock to $185.00 (From: $225.00) following the companys 4Q earnings release.
Teslas 4Q results were as expected, with lower COGS. While slower growth was predicted, avoiding a set volume target could help bring back dynamic... More
January 29, 2024 8:04 AM EST
Western Digital (NASDAQ: WDC) stock rose in pre-market trade Monday after a media report said that Kioxia Holdings Corp has a renewed interest in merger.
According to the Kyodo newswire, Bain Capital has reopened discussions with SK Hynix to facilitate a potential merger... More
January 29, 2024 7:30 AM EST
Tesla (NASDAQ: TSLA) unveiled an ambitious capital expenditure plan, anticipating expenditures exceeding $10 billion for 2024, with projections to allocate between $8.00 and $10.00 billion in each of the following two fiscal years.
Bolstered by a strong financial standing, the company reported $16.40 billion in cash and $12.70 billion in... More
January 26, 2024 9:29 AM EST
J.P. Morgan reiterated an Underweight rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the auto stock to $130.00 (From $135.00) after the company reported weaker than expected earnings for the sixth straight quarter, and lower YoY profits for the fourth straight quarter, on Wednesday.
Tesla profit expectations have fallen, but... More
January 26, 2024 8:56 AM EST
Equity researcher Wedbush revealed Friday that their analysts have decided to remove electric vehicle maker, Tesla (NASDAQ: TSLA) from their Best Ideas List.
We are removing TSLA from the Wedbush Best Ideas List (BIL) due to our investment price discipline. Wedbush analysts wrote... More
