Electric carmakers seek out blank-check firms for funding as virus spooks private markets
- Wall St loses over 1% amid fading rate-cut hopes
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steadies as US fuel demand concerns face Middle East supply risks
- Dollar sags after US GDP and inflation surprise, except against yen
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
UPDATE: BofA Securities Upgrades Tesla (TSLA) to Neutral
August 14, 2020 6:06 AM EDT(Updated - August 14, 2020 9:26 AM EDT)
(updating comment)
BofA Securities analyst John Murphy upgraded Tesla (NASDAQ: TSLA) from Underperform to Neutral, PT $1,750.00.
The analyst comments "We view Tesla as a trailblazer in the electric vehicle market, and believe the... More