Stock market today: Dow rises as banks, tech shine, but telecoms stifle gains

Wolfe Research Starts NVIDIA (NVDA) at Outperform, 'there is now little investor debate about NVDA’s dominance of AI'

Wolfe Research analyst Chris Caso initiates coverage on NVIDIA (NASDAQ: NVDA) with a Outperform rating and a price target of $570.00.

The analyst comments "After the strong 1Q earnings report, there is now little investor debate about NVDAs dominance of AI, or the... More

Sales of EVs in India to reach 376k units by 2030, says P&S Intelligence

Market research company, P&S Intelligence released a report Wednesday predicting the sales volume of Electric vehicles in India to be on track to hit 376,000 units by 2030, rising from 37,792 units in 2022 at a 33.3% CAGR.

The rise is mainly attributed to the expanding construction of manufacturing facilities, a boost in foreign direct investment, and a robust effort to enhance the charging infrastructure.

Uttar... More

Apple shares gain on report it is testing an AI chatbot

Apple (NASDAQ: AAPL) shares jumped Wednesday afternoon after Bloomberg reported that the tech giant is quietly working on artificial intelligence tools that could contest those of OpenAI, Alphabet's (NASDAQ: GOOGL) Google, and others.

Apple shares are currently trading above $195 per share. Meanwhile,... More

Apple Races To Develop Own Generative Ai Tools To Catch Openai - Bloomberg

Apple Races To Develop Own Generative Ai Tools To Catch Openai - Bloomberg

Nissan to adopt Tesla (TSLA) charging standard in U.S. and Canada

Nissan revealed Wednesday that they have agreed to adopt Teslas (NASDAQ: TSLA) North American Charging Standard (NACS) technology in the U.S. and Canada, joining global peers such as Ford (NYSE: F), General Motors (NYSE:... More

Tesla (TSLA) lays out plans to expand German factory into Europe's largest car plant

One day after Tesla (NASDAQ: TSLA) held a question-and-answer session with local citizens in Germany, the local environment ministry and water authority published application documents submitted by the electric automaker describing a long list of modifications planned for the plant.

The sweeping changes are a key next... More

Ford (F) lightning price cut reignites debate on EV demand

Ford (NYSE: F) announced Monday a price cut on its F-150 lightning electric truck. A move that has reignited discussions about the future demand and pricing of electric vehicles. Up until now, Tesla's bold price reductions have allowed them to sustain impressive year-over-year growth while preventing other original equipment manufacturers (OEMs) from securing significant market... More

Credit Suisse Mixed on Bank of America (BAC), 'we continue to anticipate a mild recession'

Credit Suisse analyst Susan Roth Katzke reiterated an Outperform rating and $42.00 price target on Bank of America (NYSE: BAC).

The analyst comments "Earlier today Bank of America reported second quarter earnings of $0.88 per shareabove CS at $0.85 and the FactSet consensus at $0.84. Upside relative to our forecast was revenuedriven; credit costs were manageable and lower than forecast (less LLR build,... More

Rivian (RIVN) to open showroom in Chicago’s Gold Coast

Rivian Automotive (NASDAQ: RIVN) plans to open its first Chicago showroom in the citys Gold Coast, two years after scrapping their earlier building plans. The Gold Coast known for being an area for luxury enthusiasts, making it the perfect fit for... More

Tesla (TSLA) sees 10K new China registrations in July’s 2nd week

Industry watchers estimate that Tesla (NASDAQ: TSLA) China saw 10,000 domestic sales during the week ending July 16.

Tesla China does not publicly disclose its weekly sales figures in the country. However, the overall trajectory of the company's domestic sales can be deduced by... More

NHTSA opens new investigation after fatal Tesla (TSLA) accident

The National Highway Traffic Safety Administration (NHTSA) revealed Tuesday that the U.S. regulator has opened a new special crash investigation into a fatal accident in California involving a 2018 Tesla Model 3 where the companys Full Self-Driving (FSD) advanced driver assistance system is suspected to have been in... More

Tesla (TSLA) to hold meeting with German citizens to discuss plant expansion

Tesla, Inc. (NASDAQ: TSLA) is scheduled to hold a question-and-answer session on Tuesday for citizens in Germanys state of Brandenburg. The purpose of the session is to address concerns and discuss the potential impact of the company's planned expansion of its electric vehicle (EV) and battery plant. If realized,... More

PNC Financial Services (PNC) slides after revenue miss, guidance cut

PNC Financial Services (NYSE: PNC) shares are down more than 3% premarket Tuesday after it missed revenue expectations and cut its forecast for net interest income. However, it topped second-quarter earnings expectations.

The bank reported Q2 EPS of $3.36, $0.07 better than the analyst estimate... More

Morgan Stanley maintains Equal-Weight on Tesla (TSLA) as competitors face 'recalibration'

Morgan Stanley reiterated an Equal-weight rating on Tesla (NASDAQ: TSLA) with a 12-month price target of $250.00 as slowing sales and rising inventory create the possibility for a recalibration of legacy auto EV strategies.

U.S. EV sales appear to have settled near 7.5% of the market share, and penetration of... More

Morgan Stanley (MS) revenue boosted by wealth management division

Morgan Stanley (NYSE: MS) shares have edged lower premarket despite topping earnings and revenue expectations in the second quarter.

The bank reported earnings per share of $1.24, $0.01 better than the analyst estimate of $1.23, but down from $1.39 in the same period last year.... More

Barclays sees pressure on Enphase (ENPH) and SolarEdge (SEDG) as Tesla (TSLA) gains market share

Barclays reiterated an Equal Weight rating on Enphase Energy (NASDAQ: ENPH) and cut their 12-month price target on the stock to $221.00 (From $226.00), while reiterating an overweight rating on SolarEdge Technologies (NASDAQ: SEDG) with a price target of $359.00 (from $390.00) after California data shows Tesla (NASDAQ: TSLA) taking a larger market share in solar the energy market.

According to recent California datapoints researched by Barclays, Teslas solar and storage market share has seen a... More