U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.64%

Go back to U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.64%

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

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

Citi Upgrades American Airlines (AAL) to Buy

January 29, 2024 4:18 AM EST

Citi analyst Stephen Trent upgraded American Airlines (NASDAQ: AAL) from Neutral to Buy with a price target of $20.00 (from $14.00).

The analyst comments "North Americas network carriers diversified revenue streams and solid demand for premium cabin offerings appear to provide them with superior positioning 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

Tesla (TSLA) recalls 199,575 EVs in the U.S.

January 26, 2024 7:52 AM EST

Electric automaker, Tesla (NASDAQ: TSLA) is recalling nearly 200,000 electric vehicles due to a software glitch that may impede drivers' visibility while driving in reverse, the National Highway Traffic Safety Administration (NHTSA) said on Friday.

The recall covers certain 2023 Y, S and X model vehicles in the U.S., all equipped with "Full Self-Driving" computer 4.0 and run software... More

JPMorgan Downgrades Dow Inc. (DOW) to Neutral on Valuation

January 26, 2024 7:32 AM EST

JPMorgan analyst Jeffrey Zekauskas downgraded Dow Inc. (NYSE: DOW) from Overweight to Neutral with a price target of $55.00.

The analyst comments "Dow fired on just one of its three business cylinders in 4Q:23. Operating income in the Industrial Intermediates Segment was $15m, Performance Materials and Coatings lost ($60m) and Packaging and Specialty Plastics earned $664m. The annual numbers in 2023 were little different: Specialty Plastics delivered $2.7b in EBIT and the other two... More