Tag Archives: bad-request

Tesla, Fitbit, Veeva Stocks Move With Analyst Changes

Tesla Motors (TSLA) was among tech stocks moving Tuesday amid analyst rating changes. The electric-car maker fell almost 4% in heavier than usual trading, pulling back from near a 10-month high for Tesla stock, as an analyst downgraded shares from buy to hold. Reuters reports that Deutsche Bank analyst Rod Lache sees Tesla stock as already reflecting its opportunity in energy storage, a market it got into in April with stationary batteries for

Netflix users loyal, investors cautious ahead of Q2 earnings

Netflix received another bullish analyst report on Tuesday, but investors are cautious ahead of the Internet television company’s June quarter report, due out July 15. Netflix (NFLX) stock fell a fraction Tuesday, closing at 658.64. But Netflix stock is up 93% this year, hitting an all-time high of 706.24 on June 24. Netflix stock will split 7-for-1 after the close on July 14. Raymond James analyst Justin Patterson reiterated an outperform rating on Netflix stock and raised his price target to 730 from 585. Patterson argued that data indicate that consumers are more loyal to the Netflix service than previously thought, Barron’s reported. A consumer survey by Raymond James also showed a shift in viewing from cable (linear TV) to streaming (on-demand video). Netflix is the biggest beneficiary of this trend, he said. Netflix has seen several bullish analyst reports with big price target hikes in recent weeks. BTIG lifted…

Chinese Stocks Pare Big Losses As Market Rallies

Several notable Chinese stocks were able to pare big losses Tuesday as the market rallied in the afternoon: Alibaba (BABA), Cheetah Mobile (CMCM), NetEase (NTES) and 58.com (WUBA). Alibaba fell as much as 5% in quick trade on the stock market today, hitting a new all-time trading low. Shares closed the session down a fraction. The e-commerce giant is trading 33% below its high of 120 reached last November. Cheetah Mobile also tested its 200-day