Tesla, Amazon, Apple, Lufax, and SoFi: Why These 5 Stocks Are Pulling

Tesla, Amazon, Apple, Lufax, and SoFi: Why These 5 Stocks Are Pulling

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Wall Street indices ended Friday mixed, with the Nasdaq and S&P 500 both down the Dow ended the session higher. Investors and traders weighed the possibilities of a slower and deeper rate hike and strong retail gains against concerns over COVID-19 lockdowns and protests in China. Meanwhile, here are the five stocks catching investors’ attention as of Sunday night:

1. Tesla Inc TSLA: The EV maker has requested a voluntary recall of 80,561 cars in China over software and seat belt issues, according to a filed notice with the Chinese State Administration for Market Regulation. Tesla shares closed 0.19% lower on Friday.

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2. Amazon.com, Inc. AMZN: Amazon is reportedly planning to expand its latest streaming content into a more traditional environment by investing $1 billion each year towards running its new Prime Video releases in theaters. Shares of the retail giant closed 0.76% lower on Friday.

3. apple inc AAPL: Shoppers looking for the latest high-end phones from Apple returned empty-handed on Black Friday as the tech giant grappled with manufacturing problems in China, reported Reuters. Apple shares closed 1.96% lower on Friday.

4. Lufax Holding LU: Lufax Holding posted earnings of $0.16 per share for the third quarter, missing analyst estimate of $0.17 per share. Shares of the company closed 20% lower on Friday.

5. SoFi Technologies Inc SOFI: Bank of America analyst Michir Bhatia reiterated a “buy” rating on SoFi and lowered its price target to $8 from $9. After the Biden administration extended the payment pause on federal student loans, the Analyst believes this will be a headwind for SoFi. The company’s shares lost over 16% in five days.

Continue reading: Shanghai hit by COVID protests: protesters chant ‘Xi Jinping resign, CCP resign’

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