Tesla Rises 5% Pre-Market After Surpassing $1T Market Value; U.S. Bans TSMC From Selling Advanced Chips to China
11 Novembro 2024 - 8:04AM
IH Market News
Tesla (NASDAQ:TSLA) – On Friday, Tesla’s market
capitalization surpassed $1 trillion following Donald Trump’s
election, anticipated to support CEO Elon Musk’s business ventures,
as he was a campaign supporter. Tesla closed last week with a 29%
cumulative gain, with shares rising 5.2% pre-market after an 8.2%
gain on Friday.
Taiwan Semiconductor Manufacturing Co
(NYSE:TSM) – Reuters reported Saturday that the U.S. ordered TSMC
to halt shipments of advanced chips to Chinese clients, impacting
those used in artificial intelligence. The ban aims to prevent
Huawei and other Chinese companies from accessing critical
technology without authorization, as seen recently. Shares fell
1.9% pre-market.
Sony Group (NYSE:SONY) – In Q2, Sony’s net
income surged 69% to $2.22 billion (¥338.50 billion), exceeding
analysts’ ¥254.0 billion forecast. Despite a decline in PS5 sales,
which reached 3.8 million units, gaming operating profit more than
doubled thanks to software and services sales. Sony revised its
annual revenue forecast, now projecting a 2.4% decline, better than
the previously forecasted 3.2%. Shares fell 2.3% pre-market after a
9.0% rise on Friday.
Salesforce (NYSE:CRM) – Salesforce is
optimistic about its new generative AI product, Agentforce,
launched recently, and plans to add 1,000 new sales
representatives. Shares rose 0.1% pre-market following a 3.6% rise
on Friday.
ASML (NASDAQ:ASML) – ASML faced a global IT
outage on Friday, affecting communication with suppliers and
requiring some staff to work remotely. The issue was resolved the
same day, though the company has yet to disclose the cause. Shares
rose 0.6% pre-market after a 1.1% drop on Friday.
Toyota Motor (NYSE:TM) – Toyota plans to
produce at least 2.5 million vehicles annually in China by 2030,
focusing on increased autonomy for local executives in product
development. This strategy contrasts with other global automakers
distancing their operations from China.
Stellantis (NYSE:STLA) – Stellantis signed a
binding agreement with Australia’s Novonix to acquire
high-performance synthetic graphite for its North American cell
manufacturing partners. Between 2026 and 2031, Stellantis expects
to receive up to 115,000 metric tons of the material. Shares fell
0.7% pre-market after a 4.2% drop on Friday.
Chevron (NYSE:CVX) – After Hurricane Rafael
weakened, Chevron resumed the relocation of teams and production at
its Gulf of Mexico platforms, where it operates six facilities.
Shares rose 0.4% pre-market after a 0.1% increase on Friday.
Embraer (NYSE:ERJ) – Brazilian company Embraer
is gaining ground internationally. Sweden selected Embraer’s C-390
Millennium as its new military cargo aircraft, marking the model’s
first sale to a Northern European country. Shares closed up 6.4% on
Friday.
Booking.com (NASDAQ:BKNG), Enphase
Energy (NASDAQ:ENPH) – After a 13.6% increase in operating
costs last quarter, Booking.com announced layoffs as part of a
restructuring, including modernization and acquisition
optimizations. Enphase Energy announced a 17% global workforce
reduction, incurring $17-$20 million in charges. Enphase shares
rose 0.3% pre-market after a 6.6% drop on Friday.
Quarterly reports expected before market open include
Monday.com (NASDAQ:MNDY), ICL
Group (NYSE:ICL), Aramark (NYSE:ARMK), Global
Ship
Lease (NYSE:GSL), Nuwellis (NASDAQ:NUWE), Rockwell
Medical (NASDAQ:RMTI), RadNet (NASDAQ:RDNT), Sapiens (NASDAQ:SPNS)
and Bridgestone (USOTC:BRDCY).
After-market reports expected from Zeta
Global (NYSE:ZETA), Grab (NASDAQ:GRAB), Luminar (NASDAQ:LAZR), Live
Nation (NYSE:LYV), Assertio (NASDAQ:ASRT), Angi
Inc. (NASDAQ:ANGI), Assured
Guaranty (NYSE:AGO), Double Down
Interactive (NASDAQ:DDI) and Vaalco
Energy (NYSE:EGY).
RadNet (NASDAQ:RDNT)
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