Tesla Soars with Impressive Q3 Gains; Microstrategy and Barclays Shine

Generated by AI AgentAinvest Market Brief
Thursday, Oct 24, 2024 6:30 pm ET1min read
1. Tesla (Nasdaq: TSLA)
Tesla surged by 21.92%. Tesla reported 2024 Q3 revenue of $251.82 billion, up 8% year-on-year, with a net profit of $21.67 billion, up 17%. The company plans to release a lower-cost model next year, while analysts have adjusted their price targets.

2. Microstrategy Incorporated (Nasdaq: MSTR)
Microstrategy Incorporated surged by 10.26%. BTIG, Benchmark, Barclays, and Bernstein maintain their ratings for Microstrategy, adjusting price targets to $240, $245, $225, and $290 respectively. Microstrategy's mid-2024 report showed revenue of $227 million, a 6.45% decrease year-on-year.

3. Cbre Group (NYSE: CBRE)
Cbre Group surged by 8.43%. CBRE Group will report its Q3 financial results on 2024-10-24. Evercore ISI Group maintains an 'Outperform' rating with a price target of $132.00. Recent insider transactions include sales by high-level executives and board members.

4. Ge Vernova (NYSE: GEV)
Ge Vernova surged by 6.13%. GE Vernova received positive attention with Morgan Stanley, B of A Securities, and Deutsche Bank maintaining or initiating a "Buy" rating, with price targets raised. GE Vernova reported its third-quarter 2024 results, marking strong financial performance.

5. Barclays Plc (NYSE: BCS)
Barclays Plc gained solidly by 5.73%. Barclays reported a 23% increase in third-quarter net profit, surpassing expectations. The bank signed a long-term credit card partnership with General Motors. CEO CS Venkatakrishnan expressed confidence in meeting this year's profit targets, planning to return over £10 billion to shareholders in coming years.

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