Fisker Surges on Buy Rating, Tesla Slips on EU Probe, Barclays Up on Upgrade

Fisker shares surged after Bank of America reinstated coverage with a buy rating, citing the company's lower-risk EV model. Fisker plans to ramp up Ocean deliveries.
Tesla shares slipped on news that the EU will probe the automaker over its China exports.
Barclays shares rose after Morgan Stanley upgraded the stock, citing growth in its credit card business and improved investment banking outlook.
DraftKings jumped after JPMorgan upgraded the stock, saying recent underperformance provides an attractive entry point.
Thor Industries shares slipped after warning of an expected sales decline in the coming year. It posted mixed fiscal Q4 results.

cnbc.com

Relevant topic timeline:

9/12/2023

Asia Markets Mixed as Fed Signals Shift on Rate Hikes; Apple, Tesla, UK Stocks in Focus

Asian markets experienced mixed results, with Australia's S&P/ASX 200 falling and Hong Kong's Hang Seng index dropping by about 1%, while Japan's markets were marginally positive; tech investor Paul Meeks plans to buy tech stocks after the correction, and Federal Reserve officials are feeling less urgency for another interest rate hike due to improved inflation data. Additionally, Apple shares fell amid China concerns but an analyst is holding off on shorting the stock, Morgan Stanley upgraded Tesla stock due to its autonomous driving supercomputer, HSBC revealed its "must see stocks" in the UK, and consumer discretionary stocks gave the S&P 500 an upward push.

9/26/2023

Stocks Mixed After Earnings - Cintas Falls on Guidance, Pinterest Rises on Upgrade, Bank Stocks Drop on Rate Warning

Cintas, United Natural Foods, and Amazon face stock fluctuations after reporting earnings and legal challenges, while Pinterest, Fisker, DraftKings, and Barclays experience positive market moves.

10/6/2023

Stocks Move on Buyout News, Outlooks, and Quarterly Results

Exxon Mobil is reportedly close to acquiring Pioneer Natural Resources for around $60 billion, causing Pioneer's stock to soar, while Levi Strauss experiences a drop in sales due to inflation and rising prices, leading to a decrease in stock value. Additionally, Philips faces a significant drop in stock value after the U.S. FDA criticized its handling of a sleep apnea device recall, and Tesla shares fall as the company cuts prices on some vehicle models and misses Q3 expectations. On the other hand, Apellis Pharmaceuticals sees a rise in stock value after reporting increased sales for its Syfovre drug, and Aehr Test Systems experiences a decrease in stock value despite beating earnings and revenue expectations. Lastly, Frontline experiences a drop in stock value as Euronav acquires Frontline's shares.

10/16/2023

Stocks Move as Lululemon Joins S&P 500, Pfizer Cuts Forecast, and Tech Firms Face Headwinds

U.S. stocks rose as the quarterly earnings season began, with Lululemon, Pfizer, and Nvidia experiencing gains, while Apple, Moderna, Manchester United, Rite Aid, Novo Nordisk, and KB Home witnessed falls in their stock prices.

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Posted 9/26/2023, 12:18:20 PM