Tesla stock (TSLA) jumped on Monday as investors looked ahead to the company’s second-quarter delivery report later this week, while fresh comments from Chief Executive Elon Musk provided an additional boost to sentiment. The stock rose around 4% in early trading to $396.64, recovering some ground after a difficult week for the electric vehicle maker.
Marvell Technology could have more room to run after its sharp rally this year. UBS became the latest brokerage to turn more bullish on the semiconductor company as artificial intelligence infrastructure spending accelerates demand for next-generation connectivity products. The brokerage raised its price target on Marvell to $340 from $230, implying roughly 27.5% upside from
Alphabet GOOG shares rose 4.1% in trading on Monday as the Google parent began its first trading session as a member of the Dow Jones Industrial Average, replacing Verizon Communications in the 30-stock benchmark. The index change, announced last week, marks a milestone for Alphabet. However, because the Dow is a price-weighted index rather than
PancakeSwap’s native token, CAKE, continues to face selling pressure despite several positive developments across its ecosystem. The token traded at $1.32 at the time of writing, down 1.8% over the past 24 hours, while extending its weekly decline to 4.9%. Over the past year, CAKE has lost 41.6% of its value, highlighting the broader bearish
Chip stocks including Intel (INTC), Advanced Micro Devices (AMD), and Arm Holdings (ARM) opened in the red this morning mostly due to technical quarter-end positioning. Amidst a lack of fresh positive catalysts, lingering earnings pressure and macroeconomic caution are also adding to the weakness in these semiconductor names on Jun. 29. That said, INTC,
UK equities came under pressure as weakness across consumer staples, defence and mining stocks weighed on market sentiment. Investors also assessed fresh economic data showing a slowdown in mortgage lending and broader credit growth, pointing to softer borrowing activity in May. Both the FTSE 100, which is dominated by internationally focused companies, and the more
Comcast on Monday unveiled plans to break itself into two publicly traded companies, separating its connectivity operations from its media and entertainment assets in the latest attempt by a legacy media company to adapt to the rapidly changing streaming landscape. The tax-free spin-off, expected to be completed in about a year, will create one company
Cardano (ADA) remains under pressure after a sharp sell-off over the past month, but several technical indicators suggest the pace of the decline may be slowing. The Cardano price was trading at $0.1445 at the time of writing, down 1.3% over the previous 24 hours and 10.8% over the last seven days. The token has
Charter Communications shares CHTR surged over 24% in premarket trading on Monday after a Bloomberg report said the cable and broadband giant was in discussions with SpaceX over a potential partnership to offer consumer mobile services. According to the report, executives from SpaceX and Charter have held high-level talks about working together on a mobile
Rocket Lab (NASDAQ: RKLB) stock price has suffered a major reversal in the past few weeks, moving from the year-to-date high of $151 on May 27 to $84. This retreat continued even after the company landed a new NASA contract last week. So, is it safe to buy the dip or sell the rip? Rocket