Tesla and Lam Research lead tech stock rally
4 hours ago
Tesla and Lam Research lead tech stock rally
Stocks making notable moves in Thursday’s premarket action:
Tesla shares are jumping nearly 11% after the electric vehicle maker delivered better-than-expected results and a pledge to launch more affordable cars in the first half of 2025.
Lam Research stock is up nearly 6% after the maker of semiconductor manufacturing equipment posted revenue and profits above Wall Street forecasts.
Boeing shares are down nearly 3% after the company’s factory workers voted to reject a contract proposal and continue to strike.
Molina Healthcare stock is rallying by nearly 12% after revealing earnings and revenue that topped analysts estimates.
IBM is bucking the big tech trend, its shares falling 5%, after its earning report and forecasts left investors wanting despite saying it’s seeing traction in artificial intelligence.
Newmont shares are down nearly 6% after the precious metals group posted earnings below analysts expectations.
UPS shares are up more than 5% after after the package delivery giant reported a third-quarter that beat revenue expectations for the first time in two years.