Stock Market Today, April 6: Tesla Falls After Q1 Delivery Miss as Analysts Cut Targets
Tesla (NASDAQ:TSLA), electric vehicles and energy storage maker, closed Monday at $352.82, down 2.15%. The stock moved lower after bearish analyst commentary and estimate cuts following Tesla’s Q1 delivery miss and investors will be watching how upcoming Q1 earnings will address inventory and EV demand trends.
The company’s trading volume reached 76.8 million shares,
Why Sandisk Stock Topped the Market Today
Thanks largely to a glowing analyst update on a longtime computer storage industry peer, Sandisk (SNDK +3.28%) stock had quite a fine trading session on Monday. The sympathy rally saw Sandisk’s equity rise by more than 3%, on a day when the S&P 500 index could only muster a 0.4% advancement.
» Read more about: Why Sandisk Stock Topped the Market Today »
Read MoreMarkets live updates: ASX set to open higher as Wall Street closes in the green, oil trading at about $US109 a barrel
Wall Street was open for trading on Easter Monday, with each major exchange finishing the trading day in the green.
Let’s take a closer look.
The S&P 500 finished up +0.4% to 6,612 points.
Here is a look at the day’s movement:
Of the major sectors,
Read MoreTesla stock is sliding, but Cathie Wood just bet $14 million that everyone else is wrong
Cathie Wood is doubling down on Tesla (NASDAQ:TSLA) even as the stock slides.
The Ark Invest founder snapped up roughly $14 million worth of Tesla shares (1) across three of her firm’s exchange-traded funds this week, buying into the dip as the electric vehicle giant faces renewed pressure.
The Burst
1 Galactic Stock Up 50%, Will It Keep Going?
A few months ago, we wrote an article titled Is This Stock Set To Blast Off in which we featured Planet Labs, trading at under $2 per share at the time.
Since then, the stock is up by over 50% on a slew of positive news including a new 7-figure deal with NATO.
» Read more about: 1 Galactic Stock Up 50%, Will It Keep Going? »
Read MoreThe Ivy
This Under-the-Radar Pest Control Is Big Business
Pest control giant Rollins (NYSE:ROL) is the parent company of well-known brands that include Orkin and Waltham Pest Services. Through its network of subsidiaries and franchisees, Rollins offers pest control services throughout the United States, Canada, the UK and even Australia.
By building out its family of brands over time, Rollins has staked out a prominent position in a reliable,
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Read MoreThe Spotlight
Market Commentary: Forget Apple, Uncle Sam Pays More
Apple made a splash recently with its announcement that iPhone users who have an Apple Card are now eligible to earn up to 4.15% annually. The announcement came as a shot across the bow to the already fragile banking industry. After all, who is more trusted than Apple with its fortress balance sheet to hold your money in a safe place?
» Read more about: Market Commentary: Forget Apple, Uncle Sam Pays More »