What happened
Shares of Tesla rival Lucid Group (NASDAQ: LCID) powered higher on Monday, rising a solid 6.5% as of 2:15 p.m. ET as investors read an upgrade for Tesla and wonder if it might mean good things for Lucid stock, too.
The three main benchmarks all traded higher on Monday at the end of a volatile month for Wall Street, with the tech-heavy Nasdaq flirting with its worst ever start to the year as investors dodged richly valued stocks with aggressive rate hikes on deck.
What happened
Shares of Tesla (NASDAQ: TSLA) rival Rivian Automotive (NASDAQ: RIVN) are tearing up the track Monday, rising a lucky 7.77% as of 11:25 a.m. ET as investors parse an upgrade for Tesla ... and wonder what it might mean for Rivian, too.
Monday, January 31, 2022The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Apple Inc. (AAPL), Tesla, Inc. (TSLA), and Johnson & Johnson (JNJ). These researc
Automaker Stellantis could cut up to 1,400 jobs in France this year as it continues to adapt to a changing industry, three union sources said a day before management and unions sit down to discuss pay and employment conditions.
What happened
The stock of Tesla (NASDAQ: TSLA) raced out of the gate Monday morning after the world's most famous electric vehicle (EV) stock won an endorsement from Barron's magazine over the weekend, followed by a second endorsement from Credit Suisse this morning.
The tech-heavy Nasdaq rose nearly 2% on Monday, but was still on track for its worst ever start to the year as investors shied away from stocks with lofty valuations amid aggressive rate hike bets and geopolitical tensions.
Last week, the European Automobile Manufacturers Association released data for commercial car registrations for December and full-year 2021. The European Union (EU) commercial vehicle market contracted 8.4% in December to 155,963 units, representing the sixth straight mon
With the electric vehicle (EV) revolution gathering pace with each passing day, legacy automakers are stepping up e-mobility investments and setting ambitious targets to electrify their fleet. Last week, General Motors GM announced a $7-billion outlay to boost its foothol
Canadian online brokerage Wealthsimple wants to chart a future enabling the real-world use of cryptocurrencies rather than simply facilitating trading, but is likely to face unexpected costs and uncertain regulatory terrain along the way.
Stock Market Today Mid-Morning UpdatesOn Monday, the Dow Jones Industrial average dropped by 140 points after Friday’s strong stock market rebound. This comes following news Monday morning of big tech names like Tesla (NASDAQ: TSLA), Netflix (NASDAQ: NFLX), and Spotify (NYS
The tech-heavy Nasdaq rose 1% on Monday, but was still on track for its worst start to the year as investors shied away from stocks with lofty valuations amid aggressive rate hike bets and geopolitical tensions.
Plug Power (NASDAQ: PLUG) has been the leading proponent and developer of hydrogen fuel cells in the U.S. It's already achieved substantial success because they have become common with material handling in factories and warehouses in the form of forklifts, while also serving as
The U.S. public charging network for electric vehicles is becoming more robust, but significant differences in reliability and performance remain between providers, an industry ranking by engineering consulting firm umlaut found.
U.S. shares were set to open lower on Monday, with the tech-heavy Nasdaq on track for its worst start to the year as investors shied away from stocks with lofty valuations amid aggressive rate hike bets and geopolitical tensions.
Autoliv, Inc. ALV reported fourth-quarter 2021 adjusted earnings of $1.30 per share, on par with the Zacks Consensus Estimate. The bottom line fell 40.6% from $2.19 per share recorded in the year-ago quarter.The company reported net sales of $2,119 million in the quarter,
Gentex Corporation GNTX reported fourth-quarter 2021 earnings of 35 cents per share, marginally topping the Zacks Consensus Estimate of 34 cents. Higher-than-expected auto-dimming mirror shipments in North America and international markets resulted in the outperformance.
The cryptocurrency space has been one that's been deep red of late. However, some tokens have seen some positive momentum recently. On this Jan. 19 episode of "The Crypto Show" on Backstage Pass, Fool.com contributors Chris MacDonald and Jon Quast discussed some of the positive m
Nasdaq 100 futures rose on Monday, with the tech-heavy index on track for the worst month since 2008 as investors shied away from stocks with lofty valuations amid aggressive rate hike expectations, mixed earnings and geopolitical tensions.
The old saying that the U.S. stock market goes up more than it goes down but goes down faster than it goes up couldn't be truer. In a little over three years, we've seen three major sell-offs that all transpired in a matter of weeks. They are the U.S.-China trade war sell-off in