Tesla, DraftKings, DoorDash, Moderna, Stem: Why These Five Stocks…

Tesla, DraftKings, DoorDash, Moderna, Stem: Why These Five Stocks…

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Wall Street’s main indexes ended over 1% lower on Thursday after January producer price index rose 0.7% from an estimate of 0.4% while issuing dovish comments Federal Reserve officials also added to investor concerns.

Cleveland Fed President Loretta Mester said the fed funds rate should be brought above 5% and kept there for some time St. Louis Fed President James Bullard has argued that the central bank should have been more aggressive.

These five stocks are catching investors’ attention today:

1. Tesla Inc TSLA: Shares of Tesla closed 5.69% lower on Thursday and lost another 1.93% in extended trading. The Firm will call back by 362,000 US vehicles to update his drive fully autonomously (FSD) beta software after regulators on Thursday said the driver-assistance system did not adequately comply with road safety laws and could cause accidents, according to a Reuters report.

Also read: Everything you need to know about Tesla stock

2. DraftKings Inc DKNG: The company’s shares rose 4.94% in extended trading. DraftKings reported revenue of $855 million for the quarter ended December, an increase of 81% from $473 million for the same period in 2021. The company announced that it is raising its fiscal 2023 revenue guidance to $2.85 billion to $3.05 billion from $2.8 billion to $3.0 billion.

3. DoorDash Inc HYPHEN: The company’s shares closed up 5.32% on Thursday. The company reported a 40% year-over-year increase in revenue to $1.81 billion, according to Benzinga Pro, up from analysts’ estimates of $1.77 billion. DoorDash reported a loss of $1.65 per share in the fourth quarter, up from the 68 cents per share loss Stock expected by analysts.

4. Moderna Inc MRNA: Moderna shares closed 2.8% while shedding another 5.49% in extended trading on Thursday. The company released its preliminary safety and phase 3 study Immunogenicity results for mRNA-1010.

5. tribe inc STEM: Shares of Stem closed 4.98% lower and lost another 7.6% in extended trading…

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