US equity indexes are tumbling on Thursday mainly pulled down by a selloff in technology and technology-related stocks which have pushed the market higher in recent weeks. The tech-heavy Nasdaq Composite Index is plunging almost 5%, while the Dow Jones Industrial Average is down 2.9%. The S&P 500 Index is declining 3.6%.
top shareholders divested part of its holding after the stock rallied 395% this year.” data-reactid=”20″>Shares of Tesla are on a downward slope for another day declining more than 7%, which is taking the 3-day drop so far to 17%. The sell-off comes as one of the electric carmaker’s top shareholders divested part of its holding after the stock rallied 395% this year.
John Murphy sees room for more gains. Murphy hiked TSLA’s price target to $550 (33% upside potential) from $350. “It is important to recognize that the higher the upward spiral of TSLA’s stock goes, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price,” the analyst wrote.” data-reactid=”21″>Meanwhile, Merrill Lynch analyst John Murphy sees room for more gains. Murphy hiked TSLA’s price target to $550 (33% upside potential) from $350. “It is important to recognize that the higher the upward spiral of TSLA’s stock goes, the cheaper capital becomes to fund growth, which is then rewarded by investors with a higher stock price,” the analyst wrote.
better-than-expected earnings and revenues in its fiscal 4Q failed to convince investors that the accelerated demand for its products during the lockdown period will sustain post-pandemic. The packaged food and beverage maker cautioned that sales are poised to grow at a slower pace in the second half of fiscal 2021 as lockdown restrictions ease.” data-reactid=”22″>Earnings: Campbell Soup is sliding 8% after better-than-expected earnings and revenues in its fiscal 4Q failed to convince investors that the accelerated demand for its products during the lockdown period will sustain post-pandemic. The packaged food and beverage maker cautioned that sales are poised to grow at a slower pace in the second half of fiscal 2021 as lockdown restrictions ease.
slower loan growth in its fiscal 3Q.” data-reactid=”24″>Rocket Companies is diving 13% after the mortgage firm posted its first results since going public last month. Profit-taking comes after the stock surged over 40% since the IPO and as the company sees slightly slower loan growth in its fiscal 3Q.
core processor for thin-and-light laptops, which the chipmaker claims is 20% faster in its performance and has a better battery life than its predecessor. Northland Securities analyst Gus Richard reiterated a Sell rating on the stock with a $48 price target. “Intel is losing share to AMD and Apple is moving to its own CPU in notebooks. Data points do not paint a positive picture for INTC in 2H and beyond. Intel is on the wrong track and headed for you the shareholder,” Richard wrote in a note to investors.” data-reactid=”25″>Intel has launched “Tiger Lake,” the 11th generation version of its core processor for thin-and-light laptops, which the chipmaker claims is 20% faster in its performance and has a better battery life than its predecessor. Northland Securities analyst Gus Richard reiterated a Sell rating on the stock with a $48 price target. “Intel is losing share to AMD and Apple is moving to its own CPU in notebooks. Data points do not paint a positive picture for INTC in 2H and beyond. Intel is on the wrong track and headed for you the shareholder,” Richard wrote in a note to investors.
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