Tesla, Amazon, AMD, JM Smucker, Paxmedica: Why These 5 Stocks…

Tesla, Amazon, AMD, JM Smucker, Paxmedica: Why These 5 Stocks…

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US markets ended higher on Friday, although the momentum of the rally appears to have sustained after weak CPI data. Investors and traders are also now considering the US federal reserve Officer’ harsh tone on inflation. Meanwhile, here are five stocks catching the attention of retail investors today:

1. Tesla Inc TSLA: Shares of the EV maker had closed 1.63% lower on Friday. Tesla recalled about 30,000 Model X cars in the United States because of airbag problems. The company said it would address the matter with an over-the-air software update and was not aware of any crashes, Injury or death due to the problem.

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2. Amazon.com, Inc AMZN: The retail giant made headlines after its CEO Andy Jassi said there will be more “role cuts” at the e-commerce giant in early 2023 as management continues to “make adjustments.” Jassy said in a letter to employees that Amazon’s “annual planning process.” extended into the new year.

3. Advanced Micro Devices, Inc. AMD: AMD and Analog Devices, Inc. ADI announced that they have resolved all of their ongoing patent disputes on the basis of mutually agreed terms, according to a statement on AMD’s website. The two companies are committed to continuing technology collaborations to provide next-generation solutions to their communications and data center customers, it said.

4. JM Smucker Co SJM: The company will announce earnings on Monday. Shares in peanut butter maker Jif rose over 7% in extended trading on Friday.

5. Pax Medica Inc PXMD: Shares of the clinical-stage drug company closed 37.42% higher on Friday after it reached an agreement giving it the right to buy up to $20 million of its common stock over a 30-month period, subject to certain conditions Sell ​​Restrictions to Lincoln Park .

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