Hertz (HTZ) and bp (BP) Collaborate on North American EV Charging Network
- Wall St set to open flat ahead of Easter break, eyes sharp Q1 gains
- Home Depot agrees to buy SRS Distribution, sees TAM expanding to $1 trillion
- Yen on intervention watch; Asia shares creep higher
- Dollar gains as inflation data looms; yen on intervention watch
- Piper Sandler: Stock rally likely to continue on rising recession risks
- Discover Financial Services (DFS) Announces CEO Resignation
- AMC Entertainment (AMC) enters into an equity distribution agreement
- Timken (TKR) Appoints Tarak Mehta as New CEO
- Crude Inventory Increases 3.2 Million Barrels
- Intuitive Machines (LUNR) Files for $300M Share Offering, 160M Share Offering by Selling Stockholders
Elon Musk: 'Cybertruck will be waterproof enough to serve briefly as a boat'
September 29, 2022 11:54 AM EDTTesla (NASDAQ: TSLA) CEO, Elon Musk posted on Twitter (NYSE: TWTR) Thursday that the companys much-anticipated Cybertruck will be waterproof enough to serve briefly as a boat, so it can cross rivers, lakes & even seas that arent too choppy.
Musk went on replying to his own tweet saying that the truck Needs be able to get from Starbase to South... More
Wedbush Previews Tesla (TSLA) AI Day; Reiterates Outperform
September 29, 2022 11:36 AM EDTShares of Tesla, Inc. (NASDAQ: TSLA) are down 4.82% in mid-day trading ahead of the companys AI day tomorrow. Wedbush reiterated an Outperform rating with a price target of $360. The much-anticipated event is expected to feature several next generation technologies highlighting the R&D initiatives underway, including the companys humanoid robot along with further updates on FSD and Dojo.
The electric vehicle company is set to unveil a prototype of its humanoid robot, Optimus, which in theory will help users perform repetitive and dangerous tasks that will be able to drive... More
Piper Sandler Updates 3Q Delivery Expectations; Remains Bullish on Tesla (TSLA)
September 29, 2022 7:18 AM EDTShares of Tesla, Inc. (NASDAQ: TSLA) are down 1.67% in pre-market trading, Thursday after Piper Sandler updated their 3Q delivery expectations for the company. Piper Sandler reiterated an Overweight rating on the stock but cut the price target to $340 ($360 previously).
The investment company addressed changes to their expectations in a note along with speaking on client concerns regarding Tesla's positioning in China, given mid-August pricing noise.
Piper Sandler believes that consensus... More
Tesla (TSLA) PT Lowered to $340 at Piper Sandler, 'Still OW After Updating Q3 Ests. & Scrutinizing Concerns re: China Market Share'
September 29, 2022 6:13 AM EDTPiper Sandler analyst Alexander Potter lowered the price target on Tesla (NASDAQ: TSLA) to $340.00 (from $360.00) while maintaining a Overweight rating.
The analyst comments "Recently, there has been an up-tick in client questions regarding Tesla's positioning in China, given mid-August pricing noise. We've also... More
General Motors (GM) Citi Adjusts Models Ahead of 3Q US Auto Reports
September 28, 2022 8:07 AM EDTCiti Research analyst, Itay Michaeli is expecting lower production levels from auto manufacturers in the 3Q, reflecting the outlook for tight supply-chains into 2023, as well as a worsening macro-outlook in Europe.
Michaeli wrote in a note: Were taking a first step ahead of Q3 reporting by adjusting our Traditional Automaker & Tier-1 supplier models to reflect lower production expectations mainly reflecting the outlook for tight supply-chains into 2023, as well as a worsening macro outlook in Europe. No ratings/thesis change (please see below for... More
Morgan Stanley and Citi Remain Bullish ahead of Tesla (TSLA) AI Day and 3Q Delivery Numbers
September 28, 2022 7:48 AM EDTTesla, Inc. (NASDAQ: TSLA) is down 1.96% in pre-market trading on Wednesday ahead of the companys anticipated AI day on September 30th and 3Q delivery release.
Morgan Stanley analyst, Adam Jonas believes that the companys AI day is linked to CEO Elon Musks Master Plan X which will outline a mass industrialization of EVs and supporting supply chain that could see Tesla require... More
Wolfe Research Says Hurricanes Have Been Near-Term Positives for Beacon (BECN) and Owens Corning (OC)
September 27, 2022 10:53 AM EDTWolfe Research Says Hurricanes Have Been Near-Term Positive for Beacon (NASDAQ: BECN) and Owens Corning (NYSE: OC).
Analyst Truman Patterson comments "Hurricanes have generally been a near-term positive (both pre and post hurricane) for Building Product... More
Twitter, JetBlue, Lucid Group Rise Premarket; Avidity, Ferguson Fall
September 27, 2022 8:11 AM EDTBy Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, September 27th. Please refresh for updates.
Twitter (NYSE: TWTR) stock rose 0.7% with lawyers for the social media giant and potential owner Elon Musk set to debate several pending requests for information in their continuing legal fight, just weeks before a... More
Hertz Global (HTZ) and bp (BP) Collaborate for EV Charging in North America
September 27, 2022 7:03 AM EDTHertz (NASDAQ: HTZ) and bp (NYSE: BP) announced today the signing of a memorandum of understanding (MOU) for the development of a national network of EV charging stations powered by bp pulse, bp's global electrification and charging solution brand. The MOU sets the foundation for Hertz and bp to drive the future of mobility and accelerate EV consumer adoption.
The agreement also involves the management of Hertz's charging infrastructure by bp pulse and the customization of its Omega software to ensure Hertz's growing fleet of electric rental cars are... More
Oil Creeps Higher as Markets Weigh Hurricane-led Supply Disruptions
September 26, 2022 9:09 PM EDTBy Ambar Warrick
Investing.com-- Oil prices rose slightly on Tuesday as markets weighed potential supply disruptions from Hurricane Ian, although a worsening outlook for crude demand kept prices pinned at near nine-month lows.
Major crude producers BP PLC ADR (NYSE: BP) and Chevron Corp (NYSE: CVX) said that they had cut production at... More
Oil Creeps Higher as Markets Weigh Hurricane-led Supply Disruptions
September 26, 2022 9:08 PM EDTBy Ambar WarrickÂ
Investing.com--Â Oil prices rose slightly on Tuesday as markets weighed potential supply disruptions from Hurricane Ian, although a worsening outlook for crude demand kept prices pinned at near nine-month lows.
Major crude producers BP PLC ADR (NYSE: BP) and Chevron Corp (NYSE: CVX) said that they had cut production... More
JPMorgan Downgrades BP Plc. (BP:LN) (BP) to Neutral
September 26, 2022 2:28 AM EDTJPMorgan analyst Christyan Malek downgraded BP Plc. (BP:LN) (NYSE: BP) from Overweight to Neutral with a price target of GBP5.20 (from GBP5.30).
... MoreBP plc (BP) option IV increases as share price down 8.7% as energy prices move lower
September 23, 2022 12:39 PM EDTBP plc (NYSE: BP) 30-day option implied volatility is at 45; compared to its 52-week range of 26 to 53 as WTI crude trades below $79.
... More