Tesla and Ally Financial fall premarket; Coty, Wynn Resorts rise
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Tuesday, January 3rd. Please refresh for updates.
Tesla (NASDAQ: TSLA ) stock fell 3.9% after the electric car manufacturer reported record production and deliveries for the fourth quarter, but still missed Wall Street estimates.
Apple (NASDAQ: AAPL ) stock rose 0.5% after Chinese media reported that the iPhone manufacturer's supplier Foxconn is now back operating its massive factory in Zhengzhou – the scene of some of the worst COVID-related disruptions - at 90% of capacity.
Coty (NYSE: COTY ) stock rose 2.5% after Piper Sandler upgraded its stance on the beauty company to "overweight" from "neutral," saying it is increasing exposure to China and travel retail, which should help further into 2023.
Wynn Resorts (NASDAQ: WYNN ) stock rose 3.4% after Wells Fargo upgraded the casino operator to "overweight" from "equal weight," citing optimism over the reopening of Macau.
PayPal (NASDAQ: PYPL ) stock rose 2.4% after Truist upgraded the payments company to "buy" from "hold," saying its forecasts now look reasonable.
Ally Financial (NYSE: ALLY ) stock fell 0.7% after Barclays downgraded its stance on the financial services company to "equal weight" from "overweight," saying it is vulnerable in 2023.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.
Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb
Drop an image here or