Stock market today: Dow slips as Fed minutes show more hikes ahead; Meta jumps
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StreetInsider.com Top Tickers, 6/13/2026
- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Super Micro Computer establishes $1.25 billion stock sale agreement
- Wall Street ends higher as SpaceX's market debut dominates
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- SpaceX Shares Indicated To Open At $155
Apple (AAPL) app store trends 'marginally improved' in June quarter - BofA
July 7, 2023 7:59 AM EDTApple's (NASDAQ: AAPL) App Store revenue has seen stronger growth in the third quarter, BofA analyst Wamsi Mohan told investors in a note Friday.
Citing SensorTower data, Mohan said App Store revenues in F3Q23 (after 91 days) increased to $6.6 billion, up 5.9% year-over-year, with total downloads... More
Volkswagen to launch autonomous vehicles in Texas by 2026
July 6, 2023 2:16 PM EDTGerman auto maker, Volkswagen (VW) announced Thursday their plans to launch autonomous, or self-driving, vehicles for ride hailing and goods delivery services in Austin, Texas by 2026.
VW had previously made a costly investment into Ford's now Ford's now-defunct self-driving car unit, Argo. The company took nearly 100 people... More
Judge says Rivian (RIVN) must face lawsuit claiming it defrauded IPO investors
July 6, 2023 1:32 PM EDTU.S. District Judge Josephine Staton in Los Angeles has decided that Rivian Automotive (NASDAQ: RIVN) must face a lawsuit claiming it defrauded shareholders during and after its blockbuster 2021 initial public offering. According to the lawsuit filed by lead plaintiff Sjunde AP-Fonden, on behalf of shareholders from Nov. 10, 2021 to March 10, 2022, Rivian underpriced its electric vehicles, leading to unpopular price hikes.
Judge Straton indicated that shareholders can attempt to demonstrate that Rivian, despite... More
U.S. regulators press Tesla (TSLA) for updated response in autopilot probe
July 6, 2023 8:50 AM EDTThe National Highway Traffic and Safety Administration (NHTSA) revealed Thursday that the U.S. automotive safety regulator is seeking an updated response and current data from Tesla (NASDAQ: TSLA) regarding an ongoing probe into 830,000 Tesla vehicles and the automaker's Full Self-Driving system (FSD).
The NHTSA sent a letter to Tesla a on July 3rd seeking updates to questions it had asked in August 2022. According to... More
BoA raises estimates on Tesla (TSLA) as volumes 'exceed expectations'
July 6, 2023 8:24 AM EDTBank of America reiterated a Neutral rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target for the stock to $300.00 (From $225.00) as auto suppliers see higher volumes and lower costs so far in 2023.
Analyst John Murphy wrote in a note, Since 2020, the industry, but specifically... More
Citi opens 90-day catalyst watch on BYD
July 6, 2023 8:02 AM EDTCiti Research opened a 90-day positive catalyst watch on Chinese automaker, BYD as analyst Jeff Chung expects the company's 2Q23E NP to reach Rmb5-5.7bn showing a quarter-on-quarter (QoQ) growth of 25-30%.
Additionally, the estimated net profit per vehicle for the second quarter of 2023 is... More
