Morning Movers: TSLA, SCTY, WGO, PCLN, ADBE

0
Morning Movers: TSLA, SCTY, WGO, PCLN, ADBE
Blomst / Pixabay

It’s a busy day on Wall Street with many big names active in early morning trading. SolarCity and Tesla shares both saw strong reactions after the latter announced a bid for the former, while Winnebago shares were boosted by strong earnings report and The Priceline Group benefited from an upgrade by Barclays. Adobe Systems, McDonald’s and FedEx were also active in early trading.

TSLA and SCTY: Tesla Motors and SolarCity saw nearly equal and opposite reactions in early trading after last night’s announcement that the automaker had bid $2.8 million to acquire the solar panel installer. Tesla CEO Elon Musk is also SolarCity’s chairman and majority shareholder.

Qualivian Investment Partners July 2022 Performance Update

stocks performance 1651757664Qualivian Investment Partners performance update for the month ended July 31, 2022. Q2 2022 hedge fund letters, conferences and more Dear Friends of the Fund, Please find our July 2022 performance report below for your review. Qualivian reached its four year track record in December 2021.  We are actively weighing investment proposals. Starting in November Read More

WGO: Winnebago shares moved higher after the company announced better-than expected results. The RV manufacturer posted adjusted earnings of 53 cents per share, smashing the consensus by 9 cents. Revenue was also ahead of consensus as the company reported strength in towable products.

PCLN: The Priceline Group shares rose after Barclays analysts upgraded them from Equal Weight to Overweight. The firm said the stock is undervalued because investors are too pessimistic about the company’s potential.

ADBE: Adobe Systems reported better-than-expected adjusted earnings results in its earnings report last night, coming in 3 cents ahead of consensus at 71 cents per share. Revenue was in line with expectations, but guidance for the current quarter was weaker than expected. Some firms downgraded the company, and shares declined on Wednesday morning.

MCD: McDonald’s stock edged lower after Reuters reported that it had received more than six bids for its locations in Hong Kong and C