Wall Street’s leading index closed green on Monday as investors and traders began weighing the possibility of a slowdown in the pace of the Federal Reserve’s rate hikes. A Wall Street Journal report says a central banker is preparing to slow down the pace of rate hikes ahead of his second consecutive meeting in early February on rising hopes of easing inflation. It is said that there is. Comments from the Fed Governor Christopher Waller Investor sentiment was boosted by Friday’s announcement of support for a quarter-point rate hike at its next meeting, according to CNBC. The following stocks caught the attention of investors.
1. Tesla Inc. TSLA: Tesla shares closed 7.74% higher on Monday. The stock’s move can be attributed to overall market strength, the company’s recent reaction to price cuts, and the CEO. Elon Musk’s Ongoing trial over his 2018 “funds secured” comment. Elon Musk A jury on Monday told a jury that he had secured financial backing from Saudi investors to take Tesla private in 2018, and could even tap into his stake. space x To fund the acquisition, Reuters reported.
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2. Amazon.com, Inc. AMZN: Amazon shares closed 0.28% higher on Monday. The company Amazon Airlines Further strengthen the transportation network in India.
3. Lucid Group Inc. LCID: Lucid shares closed 12.79% higher on Monday. city Analyst Itai Michaeli resumed coverage of Lucid with a “buy” rating and a price target of $12, about 50% above the current stock price.
Four. Wayfair Co., Ltd. W.: Wayfair shares closed 26.8% higher on Monday. Multiple analysts upgraded the stock price following the company’s cost-benefit plan and earnings updates. JP Morgan Analyst Christopher Hoovers We have raised the stock from ‘underweight’ to ‘overweight’ and raised our price target from $35 to $63.
Five. Sumo Logic Inc Sumo: The company’s shares closed 28.68% higher on Monday. Reports indicate that multiple private his equity firms have expressed interest in potential acquisitions.companies including Thomas Bravo, Vista Equity Partners When Francisco Partners The Information reports that it approached Sumo Logic with interest in a potential acquisition.
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