Verizon, 3M, General Electric, Coca-Cola rise premarket; Spotify, Barclays fall
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StreetInsider.com Top Tickers, 8/23/2026
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
General Motors (GM) California DMV puts the brakes on GM's Cruise driverless cars over safety risk
October 25, 2023 11:12 AM EDTCalifornia issued an order to General Motors' (NYSE: GM) Cruise division Tuesday, demanding the removal of its autonomous vehicles from state roads.
The state referred to the vehicles as a potential threat to public safety and accused the company of misrepresenting information about the technology's safety.
The Department of Motor Vehicles (DMV) in California declared the suspension of Cruise's permit for autonomous vehicle deployment and driverless testing, effectively halting the company's testing of the vehicles without safety... More
Barclays sees momentum continuing into 2024 for Verizon Communications (VZ)
October 25, 2023 11:05 AM EDTVerizon Communications (NYSE: VZ) was raised to Overweight from Equal Weight at Barclays on Wednesday, with analyst Kannan Venkateshwar raising the price target on the stock to $38 from $37 per share.
The analyst told investors in a note that the improvement in second derivatives for Verizon is not reflected in the company's current valuation.
"We believe the... More
GM and Honda (HMC) cancel plans to co-develop affordable EVs
October 25, 2023 8:08 AM EDTHonda Motor (NYSE: HMC) and General Motors (NYSE: GM) announced Wednesday the cancellation of their collaborative efforts to produce budget-friendly electric vehicles (EVs), as confirmed by the Japanese company. This development comes a year after their initial agreement to join forces in an attempt to surpass Tesla (NASDAQ: TSLA) in... More
Coca-Cola (KO) Mentioned Positively at Deutsche Bank, 'operating from a position of strength'
October 24, 2023 4:35 PM EDTDeutsche Bank analyst Steve Powers reiterated a Hold rating and $60.00 price target on Coca-Cola (NYSE: KO).
The analyst comments "Generally consistent with our expectation this morning, KO shares were up +3% late in trading today (vs. S&P500 +1%), with investors generally pleased with (i) KO's broad-based... More
GM 'moderating the acceleration of EV production', some EVs will be delayed says CEO Barra
October 24, 2023 9:19 AM EDTShares of General Motors (NYSE: GM) moved up nearly 1.30% before sinking 1.44% into the red in pre-market trading after the Detroit automaker reported its 3Q earnings results Tuesday morning, while in the midst of ongoing labor strikes by the United Auto Workers union.
The automaker reported a top line beat with adjusted earnings coming in at $2.28 versus the streets $1.88 estimate, while revenue came in at $44.1B, ahead of the consensus estimate of $42.62B.
"In the U.S., our strong sales, healthy ATPs (average... More
