Stock market today: Live updates


34 Mins Ago

Stocks making the biggest moves premarket

Check out the companies making headlines before the bell.

  • Tesla — The electric vehicle maker gained nearly 1% after Goldman Sachs increased its stock price target by $73 to $248 per share on better than expected second quarter deliveries. Tesla has booked 10-straight days of gains. Though Goldman increased its price target, the investment bank remains neutral on Tesla, with the new price target implying about 5% downside from Tuesday’s close of $262.33.
  • Taiwan Semiconductor Manufacturing — Shares of the company, which makes semiconductor chips for AI giants including Nvidia and Apple, added 2%. Taiwan Semiconductor reported revenue from April-June this year of T$673.51 billion, as compared to the T$654.27 billion expected by analysts polled by LSEG, according to Reuters.
  • 3M Company — Shares declined 1.2% after 3M announced its finance chief Monish Patolawala is leaving the company “to pursue another opportunity.” The change is effective July 31.

Read the full list here.

— Sarah Min

An Hour Ago

Taiwan Semiconductor adds 2% after beating revenue estimates

Shares of Taiwan Semiconductor were up 2% on Wednesday morning after the company reported a recent earnings beat.

Taiwan Semiconductor reported revenue from April-June this year of T$673.51 billion ($20.67 billion), as compared to the T$654.27 billion expected by analysts polled by LSEG, according to Reuters. The company posted revenue of NT$207.87 billion in June 2024 alone, representing a 32.9% increase from this time last year.

Taiwan Semiconductor makes semiconductor chips for AI giants including Nvidia and Apple.

— Lisa Kailai Han

An Hour Ago

Volkswagen ticks down after company weighs closing Brussels plant over sluggish EV demand, issues profit warning

Shares of European automaker Volkswagen ticked down Wednesday after the firm provided a warning on profits moving forward over slow electric vehicle demand. The company is also considering closing a plant in Brussels.

Volkswagen revised outlook now calls for operating return on sales in the range of 6.5% to 7%, down from a previous forecast of 7% to 7.5%.

European listed shares of Volkswagen ticked down roughly 1%.

— Brian Evans

2 Hours Ago

LegalZoom.com drops after revenue guidance cut, CEO departure

Shares of LegalZoom.com fell more than 23% after the company cut its full-year revenue guidance.

It now sees revenue coming in a range of $675 million to $685 million. The company had issued guidance of $700 million to $720 million. LegalZoom.com also announced CEO Dan Wernikoff resigned from his post, effective immediately.

13 Hours Ago

Tesla notches 10 consecutive winning days

The electric vehicle maker posted a 3.7% gain on Tuesday, marking a 10th straight positive session for Tesla.

Since its last down day – June 24 – the stock has advanced roughly 43%. In the past month, the stock is up nearly 48%.

Even with the sharp run higher, shares are up a modest 5.6% in 2024, and they’re still off more than 4% in the past year.

This latest climb for Tesla was aided by the car manufacturer’s second-quarter production and deliveries report, posted just last week. Deliveries for the period came in at 443,956, compared to the 439,000 anticipated by analysts, per StreetAccount.

Darla Mercado, Jason Gewirtz

14 Hours Ago

Stock futures open little changed



Source link


Discover more from LifeWhims

Subscribe to get the latest posts sent to your email.

Leave a Reply

Your email address will not be published. Required fields are marked *