Tesla Soars, Deutsche Bank Settles, and Argenx Thrives: Top Gains in Market Moves

Generated by AI AgentMarket Brief
Thursday, Sep 5, 2024 6:30 pm ET1min read
1. Tesla (Nasdaq: TSLA)
Tesla gained solidly by 4.9%. Tesla's September 5th trading volume was $27.268 billion, up 54.84%. Wolfe Research rated Tesla at Peer Perform, while Morgan Stanley reiterated Overweight with a price target of $310. Tesla's Q2 2024 revenue was $46.8 billion, with net profit of $2.638 billion.

2. Deutsche Bank (NYSE: DB)
Deutsche Bank gained solidly by 4.04%. Deutsche Bank CEO Christian Sewing stated his primary focus is on Deutsche Bank and not the government's plans to reduce stakes in Commerzbank. Additionally, Deutsche Bank has settled with approximately 60% of plaintiffs regarding the Postbank acquisition lawsuit by agreeing to a €350 million payment.

3. Argenx Se (Nasdaq: ARGX)
Argenx Se gained solidly by 4.0%. Argenx reported H1 2024 revenue of $902 million, up 76.53% year-over-year, with a net loss of $325.3 million. JP Morgan, Baird, Guggenheim, and Barclays all maintain positive ratings, with price targets ranging from $515 to $640.

4. Barclays Plc (NYSE: BCS)
Barclays Plc gained solidly by 3.19%. Barclays announced a £750 million share buyback plan and raised long-term profit forecasts, citing a recovery in investment banking. Second-quarter net income was £63.2 billion, with fixed income, forex, and commodities revenue at £1.15 billion, and equities revenue at £696 million. Barclays also adjusted its price target for PepsiCo.

5. Comcast (Nasdaq: CMCSA)
Comcast gained mildly by 2.92%. Comcast's NBCUniversal reported record-breaking ad revenue for the Paris Olympics. In Q2, Comcast's theme park revenue dropped 10.6% due to high prices. Deutsche Bank maintains a buy rating for Comcast with a target price of $49.

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