U.S. markets closed lower Wednesday and then after-hours trading got a lot worse as Tesla failed to satisfy analysts with its investor day presentation and Silvergate teeters on the edge of solvency.
Tesla shares have been buoyed by a forecast that the electric vehicle maker might sell 2 million cars this year.
Douglas A. McIntyre A new pricing policy by the world's largest producer of electric vehicle batteries has shaken up the outlook for the industry.
Thursday's top analyst upgrades and downgrades included Airbnb, Bath & Bodyworks, Chewy, Coca-Cola, DraftKings, GlobalFoundries, Marriott International, Mobileye Global, SoFi Technologies, Southwest Airlines, Tesla, Upstart and U.S. Bancorp.
Equity markets closed higher on Wednesday, after getting off to a poor start. Premarket trading Thursday was a bit indecisive.
EV megacap Tesla led the Nasdaq to a positive finish on Tuesday, but sentiment on equities waned overnight.
GM is the leader among companies planning to sell EVs in the United States. If it can hold that lead, its shares will continue to outperform.
Tuesday's top analyst upgrades and downgrades included Advanced Micro Devices, Amazon.com, Colgate-Palmolive, Kohl's, Lockheed Martin, Lyft, Macy's, Meta Platforms, Okta, Shopify, Tesla and Uber Technologies.
Traders were keeping their powder dry again Tuesday while waiting for the Federal Reserve interest rate announcement due out on Wednesday.
Monday's top analyst upgrades and downgrades included Activision Blizzard, Apple, Bill.com, Chewy, Etsy, Fortinet, General Mills, Las Vegas Sands, MongoDB, Steel Dynamics, Take-Two Interactive Software, Tesla and 3M.
A rumored buyout of EV maker Lucid sent shares soaring Monday morning. The Federal Reserve meeting on interest rates begins Tuesday, and that will be what influences investors until Wednesday's announcement.
Tesla led the major stock indexes higher Thursday. Early Friday, Dow component Intel was leading markets down.
Tesla reported quarterly results Wednesday afternoon that were better than expected, IBM announced a layoff and Chevron tripled its buyback program.
Tuesday got off to a rocky start and wound up with a mixed close that chilled traders in Wednesday's premarket session.
After U.S. markets close on Wednesday, these four companies are set to report quarterly earnings.
