Midday movers: Boeing flies, Alphabet flops, and more

7 Themes to watch in 2024

Goldman Sachs recently released its January update, presenting the "Top Themes" that their analysts believe investors should watch in 2024. Alongside this, the equity research firm made notable changes to its Conviction List, adding Parker Hannifan (NYSE: PH) and Textron (NYSE: TXT) while removing Bath & Body Works (NYSE: BBWI), Boeing (NYSE: BA), Shift4 Payments (NYSE: FOUR), and AIG (NYSE: AIG).

The Conviction List is Goldman Sachs' strategic approach to identifying... More

Buy any undue correction in quality AI leaders says UBS

The investment case for artificial intelligence is still intact, according to analysts at UBS on Friday, with the bank saying that companies with a clear AI roadmap are benefiting from secular tailwinds.

"We believe the investment case on tech, including AI, remains intact and recommend investors use any undue correction in quality AI leaders as a buying opportunity," wrote the... More

Activist investors target change at Tesla (TSLA) following Elon Musk pay ruling

In a recent development, activist investors targeting Tesla's (NASDAQ: TSLA) board for allegedly failing to curb CEO Elon Musk's influence believe a recent court ruling on Musk's $56 billion stock compensation may be the catalyst they need for meaningful reforms.

The pivotal moment arrived with a Delaware judge voiding Musk's record-breaking compensation, signaling... More

Edwards Lifesciences (EW) shares rally on Evoque FDA approval

Edwards Lifesciences (NYSE: EW) shares are rallying Friday after the companys EVOQUE tricuspid valve replacement system was approved by the U.S. Food and Drug Administration (FDA) approval for the treatment of tricuspid regurgitation (TR).

EW shares are up more than 7% at $84.50 per share at the... More

U.S. regulators upgrade Tesla (TSLA) power steering probe

U.S. safety regulators have upgraded their probe into Tesla (NASDAQ: TSLA) and are looking more closely into power steering issues in the companys vehicles, taking the next step toward a potential recall.

The National Highway Traffic Safety Administration (NHTSA) announced an investigation covering around 334,000... More

Tesla (TSLA) recalls nearly 2.2M EV's in US

Electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) is recalling nearly 2.2 million EVs in the U.S. due to the size of the font on the vehicles warning lights.

According to the NHTSA release, Tesla's chosen font size for the affected vehicles fails... More

Boeing's (BA) share price pullback is a buying opportunity for investors - UBS

(Updated - February 1, 2024 10:32 AM EST)

The pullback in Boeing (NYSE: BA) shares is a buying opportunity, according to UBS analyst Gavin Parsons, who cut the firm's price target for the stock to $275 from $325 in a note Thursday, maintaining a Buy... More

Tesla China (TSLA) offers cash discounts on select Model Y EVs

Tesla (NASDAQ: TSLA) China moves to attract more customers by offering cash discounts and introducing cutting-edge hardware upgrades for its popular Model Y vehicles.

The company announced a cash discount of 8,000 yuan ($1,114) for specific types of Model Y vehicles, starting from Thursday,... More

Tesla’s (TSLA) Elon Musk seeks shareholder vote to incorporate in Texas

In a late Wednesday announcement, Tesla CEO Elon Musk revealed plans to conduct a shareholder vote to decide whether to shift its state of incorporation to Texas.

Musk conducted an informal poll on X (formerly Twitter), where over 80% of respondents favored the move. Following this, Musk expressed the... More

Deutsche Bank Upgrades CIGNA (CI) to Buy

Deutsche Bank analyst George Hill upgraded CIGNA (NYSE: CI) from Hold to Buy with a price target of $370.00 (from $355.00).

The analyst comments "Upgrading CI Shares to Buy: We are upgrading CI shares to Buy and increasing our price target to $370 from $355, reflecting 13x (up from 12.5x) our 2024 EPS estimate of $28.42. We have increased... More

Novo Nordisk (NVO) gains as 2023 sales rise 31%

Novo Nordisk (NYSE: NVO) shares gained more than 4% Wednesday after the company reported its latest quarterly and full-year 2023 earnings.

The company said sales increased by 31% in Danish kroner (DKK) to DKK 232.3 billion in 2023. Meanwhile, operating profit increased by 37% to DKK 102.6 billion.

"We... More

Tesla (TSLA) continues to fall in pre-market after judge rejects CEO Musk's $56B compensation package

Shares of Tesla (NASDAQ: TSLA) are trending down almost 3% in pre-market trading Wednesday morning as the market continues to process the news out of Delaware where a judge ruled to void Elon Musk's $56B pay package.

A Delaware judge supported investor plaintiffs who... More