Apple, Tesla, Salesforce rise premarket; Microsoft, Target fall
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
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Citi says XPeng (XPEV) will suffer most from Tesla (TSLA) price cut
January 6, 2023 11:20 AM ESTElectric vehicle maker, Tesla (NASDAQ: TSLA) announced on Friday that the company has cut the price of various model configurations of Model 3 and Model Y, with MSRP of entry-level Model 3 down by Rmb36,000 to Rmb229,900 and that of entry-level Model Y down by Rmb29,000... More
XPeng Inc. (XPEV) 'to Suffer The Most' on Tesla (TSLA) China Price Cut - Citi
January 6, 2023 7:26 AM ESTXPeng Inc. (NYSE: XPEV) 'to Suffer The Most' on Tesla (NASDAQ: TSLA) China Price Cut - Citi
Citi analyst Jeff Chung comments "On 6 Jan, Tesla China announced price cut on various configurations of Model 3 and Model Y,... More
Tesla (TSLA) falls following latest round of price cuts; Li, Nio and XPeng also drop
January 6, 2023 7:11 AM ESTShares of Tesla (NASDAQ: TSLA) are down 5.76% in pre-market trading Friday after the electric vehicle maker announced a cut to car prices in China and other Asian markets as part of efforts to stoke demand for output from its Shanghai plant.
According... More
Tesla (TSLA) files to expand trademark to 'not for land vehicles'
January 4, 2023 1:55 PM ESTIn an exclusive report by Electrek, Tesla (NASDAQ: TSLA) has filed to extend its trademark to include electric motors "not for land vehicles," hinting that the electric vehicle... More
salesforce.com (CRM) cuts 'displays commitment to margin expansion' - Stifel
January 4, 2023 10:50 AM ESTStifel analyst Parker Lane reiterated a Buy rating and $175.00 price target on salesforce.com (NYSE: CRM) after the company announced plans to cut 10% of its workforce. The analyst said the news "displays commitment to margin expansion" and "most likely a pull forward of the >25% non-GAAP operating margin target (FY26)".
The... More
salesforce.com (CRM) 10% job cuts 'positive', but larger than expected - BMO
January 4, 2023 9:40 AM ESTBMO Capital analyst Keith Bachman reiterated an Outperform rating and $172.00 price target on salesforce.com (NYSE: CRM) after the company announced it would cut 10% of its workforce.
The analyst commented, "Salesforce announced a 10% RIF this morning and we offer a few comments.... More
Tigress Reiterates Strong Buy Rating on Apple (AAPL), 'near-term production headwinds create a long-term buying opportunity'
January 4, 2023 9:33 AM ESTTigress Financial Partners analyst Ivan Feinseth reiterated a Strong Buy rating and $210.00 price target on Apple (NASDAQ: AAPL)
The analyst comments "
We reiterate our Strong Buy rating on AAPL and maintain our 12-month target of $210 as near-term production headwinds create a long-term buying opportunity, and its massive installed user base, increasing ecosystem, and growing Services revenue will continue to drive accelerating Business Performance trends, and greater shareholder value creation. While AAPL recently reported strong Q4 results, with Q4 revenue... More
