Disney, PacWest and Beyond Meat fall premarket; Robinhood rises
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StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
Soros exits Tesla (TSLA), reduces Rivian (RIVN) stake after 90% drop from peak
May 15, 2023 8:50 AM EDTSoros Fund Management, the family office of George Soros, cut its holdings in Rivian Automotive (NASDAQ: RIVN) following the electric automakers 90% share decline from its intraday peak in November 2021. The billionaire also slashed its $16 million stake in Tesla (NASDAQ: TSLA), effectively eliminating their investment in the EV giant.
Soros purchased... More
Tapestry (TPR) long-term investment case favored at Bernstein, with 'China demand surging'
May 15, 2023 8:25 AM EDTBernstein analyst Aneesha Sherman upgraded shares of Tapestry (NYSE: TPR) to Outperform from Market Perform, as well as raising the firm's price target on the stock to $55 from $50 per share in a note to clients Monday.
The analyst told investors that they like... More
CPCA releases April NEV sales data, BYD leads holding 34.5% of the market
May 12, 2023 8:55 AM EDTSales of electric cars and plug-in hybrids in China fell slightly in April. According to data from the China Passenger Car Association (CPCA), 606.8k new energy vehicles (NEVs) were sold in April, a 2% drop from March. However, compared year-on-year, this marks an increase of 116%. Aprils NEV penetration rate reached 33.9%, a 2.9ppt jump over March and a 5.9ppt jump over last year.
A look at the manufacturers shows that BYD heads the list with 209.5k NEVs, a 99% increase over last years numbers, bringing... More
Polestar (PSNY) slashes production guidance and announces job cuts
May 11, 2023 10:00 AM EDTSwedish electric automaker, Polestar Automotive (NASDAQ: PSNY) on Thursday lowered its 2023 production guidance and announced that the company would cut headcount by 10%, citing a delayed production start for its Polestar 3 and a challenging environment for the industry.
The electric vehicle company now expects to produce between 60,000 and 70,000 cars this year, versus... More
'LI has proven itself'; Analysts raise estimates following Li Auto's solid 1Q report
May 11, 2023 9:40 AM EDTChinese electric automaker, Li Auto (NASDAQ: LI) released its 1Q earnings release after the closing bell Wednesday, reporting an EPS beat of RMB1.35, RMB1.01 better than the analyst estimate of RMB0.34. Total revenue came in at RMB18.8B, up 97% YoY/6% QoQ. The company delivered 52,584 vehicles in the quarter.
Bank of America kept its Buy rating on Li but raised their 12-month price target for the stock by $3.00 to $37.00 as they see the brand building and its volume sales as top among the major EV start-ups and profitability improvement is... More
RBC Capital Comments on PacWest Bancorp (PACW) 10-Q
May 11, 2023 8:42 AM EDTRBC Capital analyst Jon Arfstrom reiterated an Outperform rating and $17.00 price target on PacWest Bancorp (NASDAQ: PACW).
The analyst comments "We remain in a difficult environment for the industry and news travels fast, but the recent disclosures align with the companys stated strategy of optimizing the asset... More
