Tesla, DWAC, First Majestic, FRB, NYCB: Trending Stocks Today – Credit…

Tesla, DWAC, First Majestic, FRB, NYCB: Trending Stocks Today – Credit…

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Wall Street’s main indices ended in the green on Monday after fears of the banking crisis eased following the bailout announcement Credit Suisse Group AG CS and the coordinated actions of central banks around the world to increase liquidity. Market participants are now excited eyed the federal reserve meet politics as expectations of a pause in rate hikes gain momentum. Meanwhile, the following five stocks are attracting investors’ attention:

1. Tesla Inc TSLA: Shares of Tesla closed up 1.73% on Monday. Moody’s Investors Service upgraded Tesla’s credit rating by one notch to “Baa3” on Monday, reported Bloomberg. The action follows a similar move by S&P Global Ratings in October, the report said.

Also read: Everything you need to know about Tesla stock

2. Digital World Acquisition Corp DWAC: The company’s shares closed up 10.96% on Monday. Digital World Acquisition is a SPAC that is expected to merge with Donald Trump’s Trump media and technology group. The stock saw volatility after Trump said he expects an arrest on alleged charges Tuesday Hush money payments to a porn star in 2016.

3. First Majestic Silver Corp Inc: The company’s shares fell 14.92% in extended trading after it announced plans to temporarily halt all mining activity at one of its gold mines. First Majestic said it will halt mining activities, reduce capital expenditure and cut its investments Jerritt Canyon workforce effective immediately.

4. Bank of the First Republic FRC: Shares of the lender closed 47.11% lower on Monday. S&P Global downgraded the lender’s credit rating deeper to junk status on Sunday, saying the recent $30 billion in inflow of deposits from 11 Big Banks may not be able to solve their liquidity problems.

5. New York City Bancorp, Inc. new York: The company’s shares closed 31.65% higher on Monday after the FDIC said a wholly owned subsidiary of the lender entered into an acquisition and acquisition agreement to purchase deposits certain loan portfolios of Signature bridge bench.

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