Tesla Down Ahead of Eagerly Awaited Robotaxi Event
1 hr 22 min ago
Tesla (TSLA) is expected to unveil its autonomous “robotaxi” Thursday evening, after the event was delayed from its original date in August.
Analysts expect to see the vehicle, and hear details on Tesla’s plans on its production, rollout, and operational costs.
They also said that Tesla could show off its rumored new lower-cost model, which is expected to start production next year, and other products.
Tesla shares were down about 1% in recent trading.
Read the full preview here.
Delta Falls as Results and Outlook Disappoint
2 hr 46 min ago
Shares of Delta Air Lines (DAL) declined in early trading Thursday after the carrier’s third-quarter results and fourth-quarter sales outlook came in below analysts’ estimates.
Delta posted third-quarter adjusted earnings per share of $1.50 on revenue of $15.68 billion, and projected fourth-quarter revenue growth of between 2% and 4%.
The carrier also confirmed costs of around $500 million following the CrowdStrike-caused global IT outage in July that resulted in 7,000 Delta flight cancellations over a five-day period.
Delta shares were down 1% in recent trading. The stock has gained 25% so far in 2024, slightly outpacing the S&P 500 over the period.
Oracle Price Levels to Watch as Stock Trades at Record High
4 hr 5 min ago
Oracle shares are trading at record high levels on growing investor enthusiasm for the company’s reach into the artificial intelligence market.
The stock was down 0.1% at $177.78 in recent premarket trading, after gaining 2.3% yesterday.
The stock traded in a three-year rising wedge before staging a decisive volume-backed breakout above the pattern last month, though the RSI indicator warns of overbought conditions.
Investors should monitor important lower levels on Oracle’s chart around $146, $127, and $100, while also watching a bars pattern bullish price target around $250.
Read the full technical analysis piece here.
Major index Stock Futures Lower Ahead of Inflation Data
4 hr 56 min ago
Futures tied to the Dow Jones Industrial Average were down 0.1%.
S&P 500 futures were also down 0.1%.
Nasdaq 100 futures were down 0.2%.