Midday movers: Intel falls, American Express climbs

Go back to Midday movers: Intel falls, American Express climbs

Ark's Cathie Wood buys Tesla (TSLA) on 12% dip

January 30, 2024 12:22 PM EST

In the face of Tesla's (NASDAQ: TSLA) recent market turbulence, Ark Invest, led by Cathie Wood, has doubled down on its support for the electric vehicle (EV) giant.

The investment firms Ark Innovation ETF (ARKK) purchased 148,246 Tesla shares on Thursday, while the Ark Next Generation Internet ETF (ARKW) added 29,624 shares. The combined total of... More

Jefferies cuts estimates on Tesla (TSLA), says EV maker lacks 'vision or plan'

January 29, 2024 9:00 AM EST

Jefferies reiterated a Hold rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the automakers stock to $185.00 (From: $225.00) following the companys 4Q earnings release.

Teslas 4Q results were as expected, with lower COGS. While slower growth was predicted, avoiding a set volume target could help bring back dynamic... More

Western Digital (WDC) stock is up today. Here's why

January 29, 2024 8:04 AM EST

Western Digital (NASDAQ: WDC) stock rose in pre-market trade Monday after a media report said that Kioxia Holdings Corp has a renewed interest in merger.

According to the Kyodo newswire, Bain Capital has reopened discussions with SK Hynix to facilitate a potential merger... More

Tesla (TSLA) sees FY Capex reaching above $10B in 2024

January 29, 2024 7:30 AM EST

Tesla (NASDAQ: TSLA) unveiled an ambitious capital expenditure plan, anticipating expenditures exceeding $10 billion for 2024, with projections to allocate between $8.00 and $10.00 billion in each of the following two fiscal years.

Bolstered by a strong financial standing, the company reported $16.40 billion in cash and $12.70 billion in... More

J.P. Morgan cuts estimates on Tesla (TSLA), 'plenty of further downside potential'

January 26, 2024 9:29 AM EST

J.P. Morgan reiterated an Underweight rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the auto stock to $130.00 (From $135.00) after the company reported weaker than expected earnings for the sixth straight quarter, and lower YoY profits for the fourth straight quarter, on Wednesday.

Tesla profit expectations have fallen, but... More

Wedbush removes Tesla (TSLA) from 'Best Ideas List'

January 26, 2024 8:56 AM EST

Equity researcher Wedbush revealed Friday that their analysts have decided to remove electric vehicle maker, Tesla (NASDAQ: TSLA) from their Best Ideas List.

We are removing TSLA from the Wedbush Best Ideas List (BIL) due to our investment price discipline. Wedbush analysts wrote... More