Tesla, Apple, Hostess Brands, Boeing rise premarket; Alibaba falls

India to push for EV investments with new policy says minister Goyal

Indian commerce minister, Piyush Goyal revealed Wednesday that the country is in the process of drafting a new policy aimed at enticing electric vehicle (EV) manufacturers and fostering increased investment in the industry.

This announcement coincides with ongoing discussions between the U.S.-based EV company Tesla (NASDAQ:... More

Tesla (TSLA) interested in Sunrise New Energy (EPOW) battery components

Shares of battery components company, Sunrise New Energy (NASDAQ: (EPOW) rose as much as 20% on Wednesday after the company revealed that they have received interest from electric vehicle maker Tesla Inc. (NASDAQ: TSLA) for its products.

Sunrise, through its joint venture,... More

UBS maintains Neutral rating on Tesla (TSLA); Initiates coverage on Rivian (RIVN)

UBS Global reiterated a Neutral rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the EV stock to $290.00 (From $270.00). The adjustment comes in light of Tesla's ongoing strategy of leveraging its cost advantage and stimulating demand through price reductions.

UBS analyst, Joseph Spak believes this pricing strategy could potentially provide Tesla with a formidable competitive edge, allowing the company to expand its customer base. This approach may also create challenges for competitors grappling with higher operating costs. However, while this strategy has the potential to be a game-changer, it... More

Meta Platforms (META) to launch Channels in over 150 countries

Meta Platforms (NASDAQ: META) announced Wednesday that it will launch WhatsApp Channels in over 150 countries.

Channels is a broadcast service that allows users to follow and receive updates from celebrities, sports teams and thought leaders. Meta said it is welcoming thousands of organizations,... More

Billionaire investor Ron Baron says Tesla (TSLA) could grow fivefold

Billionaire investor, and CEO of Baron Capital, Ron Baron appeared on CNBCs Squawk Box Wednesday morning to discuss his investments with Tesla (NASDAQ: TSLA) and CEO Elon Musk.

The billionaire stood by his optimistic outlook on Tesla, expecting the electric vehicle (EV)... More

Citi First Take on Apple (AAPL) iPhone15: Will Drive Higher Premiumization

Citi analyst Atif Malik reiterated a Buy rating and $240.00 price target on Apple (NASDAQ: AAPL).

The analyst comments "Apple released new iPhone 15 and Watch Series 9 products today. On first impression, IP15 is a much bigger spec upgrade from IP14 than... More

U.S. committee recommends royalties on mining minerals for EVs

A federal committee, Tuesday, put forth a suggestion to introduce royalties on U.S. hardrock mining with an aim to boost domestic mining production by generating additional funds for the agencies responsible for granting new mining permits.

This proposal is just one element of a comprehensive set of recommendations designed to enhance the supply of essential materials like lithium, cobalt, and nickel. Materials crucial for supporting the growth of a domestic electric vehicle (EV) industry, which plays a... More

Tesla (TSLA) listed a most shorted stock for third month in a row

According to a report from securities lending data firm Hazeltree on Tuesday, Tesla (NASDAQ: TSLA) remained at the top of the list of the most heavily shorted large-cap U.S. stocks for the third consecutive month in August.

On Monday, Tesla's stock... More

Tesla (TSLA) and suppliers to invest $15B in Mexican gigafactory

Mexican authorities announced on Monday that Tesla (NASDAQ: TSLA) and its suppliers are planning to invest $15 billion in a factory that is currently under construction over the next two years. This figure is three times higher than the previous estimate provided by Mexican... More

RBC Capital gets a peek inside Tesla's (TSLA) Nevada Gigafactory

RBC Capital Markets reiterated an Outperform rating on Tesla (NASDAQ: TSLA), with a 12-month price target of $305.00, after hosting investors for a tour of the companys Nevada gigafactory.

The plant currently boasts a 35-38 gwh capacity. The facility also produces energy storage batteries, with a majority being dedicated to car... More

RBC Capital Takeaways from Tesla (TSLA) Meeting in Texas

RBC Capital analyst Tom Narayan reiterated an Outperform rating and $305.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Unlike legacy OEM peers in the US who are pursuing JVs to make battery cells, Tesla is going solo which should enable it to capitalize on IRA credits more than any other automaker and even be a tier 1 battery supplier. On battery chemistry, lithium should not be a bottleneck to EV demand. Insourcing power electronics is a key differentiator and Tesla can be a Tier 1 supplier there as well. Finally, autonomy is... More

Morgan Stanley on J.M. Smucker (SJM) Buying Hostess (TWNK): 'longer-term risks to TWNK's demand from growing use of anti-obesity medicines'

Morgan Stanley analyst Pamela Kaufman reiterated an Equalweight rating and $151.00 price target on J.M. Smucker (NYSE: SJM).

The analyst comments "TWNK offers an attractive growth outlook. TWNK holds the second highest market share (20%) in the $9.3 bn US sweet snacks category, which has grown at a 4.5% CAGR since 2014 and experienced accelerating growth of a 9% CAGR over the last four years due to shifting consumer preferences towards indulgent snacking. The sweet... More

JPMorgan sees multi-year 'U-shaped' recovery for Brunswick (BC)

JPMorgan downgraded Brunswick (NYSE: BC) to Neutral from Overweight in a note Monday, cutting the price target to $79 from $109 per share.

Analyst Matthew Boss told investors in a note that the firm sees a multi-year "U-shaped" top-line recovery for BC, not a... More

Any direct impacts from Apple iPhone ban in China 'should prove minimal' - Goldman Sachs

Goldman Sachs estimates a three to four percent headwind to Apple's (NASDAQ: AAPL) revenue and EPS from the potential iPhone ban in China, analyst Michael Ng said in a note Monday.

Despite the potential ban, which coincides with Huawei's launch of new smartphones,... More

Goldman Sachs on Apple (AAPL) and China: 'any direct impacts of the reported government ban should prove minimal'

Goldman Sachs analyst Michael Ng reiterated a Conviction Buy rating and $222.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "According to the WSJ, the Chinese government ordered officials at certain government agencies and state-owned enterprises not to use foreign-branded devices including the iPhone for work or bring them into the... More

Wall Street analysts believe Kenvue (KVUE) sell-off is overdone

Kenvue (NYSE: KVUE) has received some positive commentary from analysts on Monday, with Deutsche Bank upgrading the stock and BofA telling investors it sees an attractive buy opportunity in the shares.

Deutsche Bank's Steve Powers raised KVUE to Buy from Hold,... More

KeyBanc expects below-average Apple (AAPL) iPhone sales growth in F4Q23

KeyBanc Capital Markets analyst John Vinh said in a note Monday that the firm's data shows investors should expect below-average Apple (NASDAQ: AAPL) iPhone sales growth in F4Q23.

The analyst explained that results from the firm's August Key First Look Data indicate "slightly higher sequential sales of iPhones (+5% m/m, -5%... More