Tesla (TSLA) – “The Twitter Effect” impacted Tesla shares Thursday morning. Shares of Tesla underperformed the S&P 500 by about 1.5% following news Elon Musk sold about 22 million shares. Publications around Wall Street suggested Musk sold shares in order to finance dramatic changes at Twitter.
Roblox (RBLX) – The stock was down more than 9% following worse-than-expected November sales figures. The company said daily active users (DAUs) during November totaled 56.7 million, up about 15% on a year-over-year basis.
Micron (MU) – One of the most important names in the memory chip space. Micron will report quarterly results on Wednesday of next week. Shares of peers in the space, Western Digital (WDC) and Seagate (STX), will likely move in tandem with Micron following its earnings report.
Verizon (VZ) – A play on a new bullish rating by analysts at Morgan Stanley. The firm upgraded shares of Verizon to the equivalent of a buy rating and downgraded shares of AT&T (T) to the equivalent of a hold rating.
Hour Loop (HOUR) – A play on an online wholesaler operating on Amazon (AMZN). Research shop EF Hutton was favorable on Hour Loop shares Thursday morning; the firm has a Buy rating and $5 price target on the $3 stock.