U.S. stocks are muted; Nasdaq rises on Tesla's deliveries beat

Apple (AAPL) app store FX headwinds should moderate in June quarter - UBS

Apple (NASDAQ: AAPL) App Store growth in the June quarter tracked in line with UBS's App Store and Services forecast, the firm said in a note Wednesday,

Analyst David Vogt said revenue growth for the App Store in the quarter rose by 5.9%... More

North America and Europe lead surge in global EV demand

Analyst Ranulf Orr from Citi Research reported a surge in demand for Battery Electric Vehicles (BEV) in May, with a 46% increase compared to the previous year. The primary drivers of demand growth were Europe and North America, experiencing respective year-on-year rises of 59% and 50%. In contrast, China's growth was more... More

Needham remains sidelined on Tesla (TSLA) following 2Q delivery beat

Needham reiterated a Hold rating on Tesla (NASDAQ: TSLA) after the electric giant posted its 2Q production and delivery numbers, beating consensus estimates by about 5%.

Over the past year, the growth in TSLA's production capacity has surpassed the growth in vehicle deliveries. As a result, there have been several rounds of price cuts throughout the year, with the most significant reductions occurring in early Q1. According to Needham, TSLA's inventory is still expanding, albeit at a slower pace. They consider this a mildly positive development, but they believe that additional confirmation... More

Tesla (TSLA) cuts prices in Japan

Tesla (NASDAQ: TSLA) revealed Tuesday that the electric vehicle giant cut prices for its Model 3 and Y electric vehicles by 3-4% in Japan this month.

According to the company's website, prices for all versions of its more affordable Model 3 have been reduced... More

Roth MKM sees opportunities in small-cap stocks

Roth MKM analyst JC O'Hara told investors in a note Monday that the firm sees opportunities in small-cap companies.

"It is great to be average in small caps," declared O'Hara, adding that he believes investors "should not ignore the opportunities" in the bracket.

"The S&P 500... More