Wall Street’s main indices fell more than 1% on Monday after stronger-than-expected November ISM services data sparked speculation federal reserve will continue its rate-hike path, increasing the likelihood of a recession. Corresponding ISMthe non-manufacturing PMI rose to 56.5 last month from 54.4 in October. Meanwhile, here are five stocks that are capturing the attention of retail investors:
1. Tesla Inc TSLA: Shares of the electric vehicle maker closed 6.37% lower on Monday. Tesla plans to reduce production at its Shanghai plant, Bloomberg reported, citing people familiar with the matter. It will go into effect as early as this week, with Tesla potentially cutting production by about 20% at full capacity, the report says.
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2. apple inc AAPL: Shares of Apple closed 0.8% lower on Monday. The company is said to be in talks with Indian officials as the country considers options to bring some with them iPad production to the nation from china, reported CNBC.
3. Ford Motor Company f: Shares of the automaker ended Monday’s session down 3.5%. Ford and SK A have laid the foundation BlueOval SK battery parkwhere their joint venture has invested $5.8 billion to produce advanced batteries for future Ford and Lincoln electric vehicles scheduled to begin production in 2025.
4. Gitlab Inc GTLB: Shares of Gitlab closed 7.12% lower on Monday but was up 19.36% in extended trading. The company’s revenue rose 69% year over year in the third quarter to $112.98 million. that exceed the average analyst estimates of $106.5 million,
5. EHang Holdings Ltd eh: Shares of EHang Holdings closed up 34.27% on Monday. The company announced this Nick Ningyang was appointed to its board of directors as a new director effective Monday.
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