Teslas Robotaxi Reveal & JDs Tech Park Drive Market Surge

1. Tesla (Nasdaq: TSLA)
Tesla surged by 7.36%. Tesla plans a Robotaxi unveiling event on October 10, described by Elon Musk as a pivotal moment since the Model 3 launch. The event is anticipated to highlight advancements in Tesla's autonomous driving capabilities.

2. Jd (Nasdaq: JD)
Jd surged by 6.76%. JD.com launches technology park in Shandong, ensuring iPhone 16 availability through robust supply chain. It acquires 63.2% stake in Dada, enhancing its instant retail strategy. JD.com also introduces comprehensive service plans for Huawei Mate XT and hosts promotions with various fashion brands.

3. Quanta Services (NYSE: PWR)
Quanta Services surged by 6.5%. Quanta Services reported Q2 2024 revenue of $106.26 billion, a 12.12% increase year-over-year, with a net profit of $3.18 billion. Wolfe Research initiated coverage with an "Outperform" rating, while Jefferies rated it "Hold" with a $256 target. Internal trades were disclosed in August.

4. Paypal Holdings (Nasdaq: PYPL)
Paypal Holdings surged by 6.09%. Goldman Sachs maintained a neutral rating on PayPal Holdings with a target price of $69. Keefe, Bruyette & Woods rated PayPal Holdings as outperform with a target of $78. PayPal’s stablecoin PYUSD is central to TrueX, a new platform by former Coinbase executives.

5. Monolithic Power Systems (Nasdaq: MPWR)
Monolithic Power Systems gained solidly by 5.86%. Monolithic Power's Q2 2024 revenue reached $507 million, surpassing expectations. Several insider trading activities were disclosed recently, involving executives such as Theodore Blegen and Xiao Deming. TD Cowen maintained a "buy" rating with a target price of $1100.