(TSLA) was rising 1.5% in premarket trading after CEO Elon Musk told shareholders at the electric-vehicle maker’s annual meeting the company would try running some advertisements. Musk had said in the past that
didn’t need to advertise as demand always exceeded supply. Musk also said he planned to remain as the company’s chief executive, and teased two new Tesla models.
(DOCS), the online medical platform provider, said it expects fiscal first-quarter revenue of $106.5 million to $107.5 million, below analysts’ forecasts, and the stock was falling 10% in premarket trading.
(WAL) was rising 8.1% after disclosing that quarter-to-date deposits exceeded $2 billion as of May 12. That’s up from $1.8 billion in deposit growth as of May 9. Deposit levels at regional banks have been under market scrutiny in the past few months following the collapse of Silicon Valley Bank.
Advertisement – Scroll to Continue
(EVGO) was falling 6.3% in premarket trading to $5.16 after saying it has begun an underwritten public offering of $125 million of Class A common stock.
(WYNN) was rising 2.4% to $105.47 after shares of the casino company were upgraded to Overweight from Equal Weight at
Barclays
,
and the price target was raised to $135 from $120.
(KEYS), the electronic systems company, was poised to rise after fiscal second-quarter earnings beat Wall Street expectations and the company’s adjusted profit forecast for the current quarter of $2 to $2.06 a share also topped estimates.
Advertisement – Scroll to Continue
(KD), the IBM spinoff that runs IT data centers and provides other related services for large technology buyers, said it expects fiscal 2024 revenue to fall 6% to 8%, which implies revenue of $16 billion to $16.4 billion, which is below analysts’ expectations.
Earnings reports are expected before the opening bell Wednesday from
(TGT) and
(TJX). Reports will be coming after Wall Street closes from
(CSCO),
(TTWO), and
(BOOT).
…
Read More: Tesla, Western Alliance, Doximity, EVgo, and More Stock Market Movers
