Tesla decided to increase the average weekly production of its Shanghai plant in February and March to nearly 20,000 units in order to meet higher market demand. (Reuters)
T-mobile (NASDAQ:TMUS) had revenue of $20.27 billion in the fourth quarter of 2022 and is expected to be $20.54 billion.
Truist analyst Neal Dingmann raised its price target on Chevron (NYSE:CVX) to $179 from $169, but maintained its hold rating on the stock. The analyst told investors in a research note that the company continues to make headlines with its buybacks, disclosing a $75 billion buyback authorization last week, but the announcement was more of a “catch-up” move that brought Chevron’s shareholder return program more in line with the larger independent exploration and production companies. He added that it became “a little cautious” about Chevron’s overall upstream operations plans given its hints that production growth was declining in the Permian.
Truist: Raised Chevron (NYSE:CVX) price target to $179 Maintain hold rating Read Post »
Morgan Stanley: Cut Pfizer (NYSE:PFE) price target to $45 from $53.
Morgan Stanley: Cut Pfizer (NYSE:PFE) price target to $45 from $53 Read Post »
Costco Wholesale (NASDAQ:COST): Total same-store sales in January 2023 increased 5.6% year-over-year, compared with a 3.1% increase in market estimates.
On Wednesday, Rivian (NASDAQ:RIVN) announced a 6% layoff to all employees except “manufacturing jobs in Nomol,” and its CEO said “to achieve long-term goals, resources must be focused on improving and achieving profitability, while ensuring the right future products, services and technologies,” according to a memo. This is the second layoff last year by the electric car maker, involving about 800 employees. Before the latest layoffs, the company had about 14,000 employees worldwide. Following a wave of layoffs at tech companies last July, Rivian did a similar number of layoffs at the time.
Morgan Stanley maintained its overweight rating on Spotify Technology (NYSE:SPOT) while raising its price target to $130 from $105.
Morgan Stanley maintained its overweight rating on Spotify Technology (NYSE:SPOT) Read Post »
Wells Fargo Upgrades Spotify Technology (NYSE:SPOT) to Overweight From Equalweight, Adjusts Price Target to $180 From $121.
Wells Fargo Rised Spotify Technology (NYSE:SPOT) Price Target to $180 From $121 Read Post »
Spotify Technology (NYSE:SPOT) Raised to Overweight From Neutral by Atlantic Equities.
Spotify Technology (NYSE:SPOT) Raised to Overweight From Neutral by Atlantic Equities Read Post »
Truist: Raised Spotify (NYSE:SPOT) price target from $115 to $132.
Truist: Raised Spotify Technology (NYSE:SPOT) price target from $115 to $132 Read Post »
Exxon Mobil (NYSE:XOM) Stock Price Target Raised to $113 From $108 at Cowen.
Exxon Mobil (NYSE:XOM) Stock Price Target Raised to $113 From $108 at Cowen Read Post »
TotalEnergies se (NYSE:TTE) adjusted earnings per share for the fourth quarter of 2022 were $2.97 versus $3.07 expected. Adjusted EBITDA for the fourth quarter was $16.00 billion versus $15.26 billion. About TotalEnergies TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.