Tesla, Manchester United rise premarket; Activision Blizzard, Apple fall
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Bernstein reiterates Underperform: attributes Tesla (TSLA) decline to investor concern
November 29, 2022 7:47 AM ESTShares of Tesla (NASDAQ: TSLA) are up 1.72% in pre-market trading on Tuesday after Bernstein reiterated an Underperform rating on the stock with a $150.00 price target. TSLA has underperformed by 41% since October 1 and is now down 48% YTD. Analyst Toni Sacconaghi believes that the principal driver behind the electric vehicle companys recent pullback is... More
Morgan Stanley's Tesla (TSLA) Twitter survey shows investors are concerned
November 28, 2022 5:00 PM ESTMorgan Stanley reiterated an Overweight rating on Tesla (NASDAQ: TSLA) after conducting an investor survey concerning CEO Elon Musks involvement with Twitter. According to analyst Adam Jonas, the result of the survey reinforces Morgan Stanleys views that Musks handling of Twitter has contributed to negative sentiment momentum in Tesla shares and could drive some degree of adverse downside skew to Tesla fundamentals. Jonas sees the potential downside as a window of buying opportunity.
The... More
Tesla (TSLA) readies revamp of Model 3
November 28, 2022 9:19 AM ESTAccording to a report by Reuters on Monday, American electric vehicle maker, Tesla (NASDAQ: TSLA) is developing a revamped version of the companys model 3. The EV maker aims to cut production costs and boost the appeal of the five-year-old electric sedan.
According to four people with knowledge of the situation, one focus of the redesign is to reduce the number of components and complexity in the interior of the Model 3 while focusing on features that Tesla... More
Apple (AAPL) facing major iPhone shortages across the board
November 25, 2022 11:24 AM ESTWedbush analyst Daniel Ives said in a note that Black Friday store checks show "major iPhone shortages across the board."
Ives, who has an Outperform rating and a $200 per share price target on Apple (NASDAQ: AAPL), said iPhone "shortages are accelerating" and were front and center across many retailers, Apple Stores, and online channels this morning.
"Based on our analysis, we believe iPhone 14 Pro shortages... More
Manchester United (MANU) shares jump again on Saudi interest
November 25, 2022 10:24 AM ESTManchester United plc (NYSE: MANU) shares jumped again on Friday after comments from Saudi Arabia Sports minister Prince Abdulaziz bin Turki Al-Faisal that they want their investors to acquire Manchester United as well as FSG-owned Liverpool.
Speaking to Sky News, the Saudi... More
Manchester United (MANU) Extends Gain, Up 15%
November 25, 2022 10:06 AM ESTManchester United (NYSE: MANU) Extends Gain, Up 15%
... More