Tech Surge: Sea Shines, Tesla Innovates, JD Invests, and Intel Envisions Growth

Generated by AI AgentAinvest Market Brief
Monday, Sep 23, 2024 6:30 pm ET1min read
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1. Sea Limited (NYSE: SE)
Sea Limited gained solidly by 5.76%. Sea Limited's recent developments include B of A Securities maintaining a "Buy" rating with an updated price target of $96, while Barclays also maintains an "Overweight" rating with a $94 target. Additionally, Sea Limited reported a significant increase in revenue of 22.89% for the first half of 2024.

2. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 4.93%. Tesla launched a remote summon feature for automatic parking and is expected to unveil Robotaxi on October 10, enhancing its FSD capabilities. Cantor Fitzgerald reaffirmed Tesla's neutral rating with a target price of $245.00. Elon Musk expressed his political views, supporting Donald Trump.

3. Jd (Nasdaq: JD)
Jd gained solidly by 4.24%. JD.com announced a $1.5 billion investment in agricultural products and a $3 billion subsidy for 11.11 shopping festival merchants. JD Fashion's sale saw significant growth with men's down coats sales up 12x year-over-year, and women's clothing up 230%.

4. Vistrarp. (NYSE: VST)
Vistrarp. gained solidly by 3.48%. Vistra’s 2024 mid-year revenue decreased by 9.39% to $68.99 billion. Morgan Stanley, BMO Capital, and Jefferies maintain positive ratings with price targets of $132, $125, and $99, respectively. Insider trading recorded on August 23.

5. Intel (Nasdaq: INTC)
Intel gained solidly by 3.3%. Intel is reportedly in acquisition talks with Apollo Global Management for up to $50 billion and potential discussions involving Qualcomm, which could face antitrust scrutiny. Intel collaborates with Alibaba Cloud to bolster AI-driven computing capabilities. Benchmark maintains its hold rating on Intel.

Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

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