US markets ended Tuesday in the red on a flurry of factors including pending debt ceiling negotiations President Joe Biden And Speaker of the House Kevin McCarthy kept investors and traders in a cautious mode. US retail sales for April pointed to weaker consumer spending, while Home Depot Inc HD reduced its forecast for the year. Now, here are the five stocks that are attracting investors’ attention:
1. Tesla Inc TSLA: Tesla shares up over 1% in extended trading. Elon Musk stressed the profitability of the electric vehicle maker at the company’s annual general meeting on Tuesday and forecast a challenging economic environment in the coming year. He also warned shareholders about the potential impact rising interest rates for car affordability.
Also read: Everything you need to know about Tesla shares
2. Manchester United PLC MANU: The company’s shares gained 4.9% in extended trading. Sheik Jassim Bin Hamad Al Thani has made an elevated fourth bid to buy Manchester United believed to be close to £5bn, after to Sky Sports.
3. Ohmyhome Ltd OMG: The company’s shares closed 79.44% lower on Tuesday after the stock rallied on unusually high volume the previous day. The company signed a letter of intent for the potential acquisition of a leading technology-based property management company in Singapore.
4. Target Corp TGT: The company’s shares closed 2.3% lower on Tuesday. Target is expected to announce its earnings on Wednesday. The company is expected to report earnings of $1.76 per year Share of $25.29 billion in sales.
5. Coya Therapeutics Inc COYA: The company’s shares closed 10% higher on Tuesday. Coya Therapeutics reported results from an open-label, proof-of-concept clinical study of COYA 301 in patients with Alzheimer’s disease. Statistically, treatment with COYA 301 resulted in one significant improvement in cognitive function.
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