TSLA, TTWO, BJ, BA and more

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107382017 1709583199672 gettyimages 2051569120 zawrzel teslasup240304 nps1L

The companies making headlines in premarket trading are as follows:

– Tesla: Shares of the electric vehicle firm rose 3% after CEO Elon Musk announced that the company will unveil its long-awaited robotaxi design on Aug. 8.
– Ulta: The cosmetic stock increased by 1.3% following an upgrade to buy from Loop Capital. Analysts believe that shares could rebound after experiencing their worst fall since 2020 last week.
– BJ’s Wholesale: Shares of the warehouse club rose by 2.4% after an upgrade by Goldman Sachs to buy from neutral. The bank anticipates earnings growth for BJ’s, driven by factors such as the return of volume growth in grocery.
– Boeing: Shares were down by 1% in premarket trading after an incident where a Southwest Airlines flight had to return to Denver Airport due to an engine cowling falling off mid-flight.
– Taiwan Semiconductor Manufacturing: The chipmaker’s shares climbed by 2% following an offer of $6.6 billion in funding from the Biden administration for its Arizona subsidiary as part of the CHIPS and Science Act.
– Take-Two Interactive: Stock in the video game holding company increased by more than 2% after an upgrade to buy from Citi.
– UiPath Inc.: Shares of the software company rose by about 1% after an upgrade to overweight by KeyBanc, citing positive changes in go-to-market strategies and leadership.
– Fastly: Stock in the cloud computing company gained nearly 4% following an upgrade to overweight from Piper Sandler, with analysts noting strong valuation and steady fundamentals.

Several companies are making headlines in premarket trading. Tesla’s shares gained 3% after CEO Elon Musk announced that the company will unveil its robotaxi design on Aug. 8. Ulta’s stock ticked up 1.3% after an upgrade to buy from Loop Capital, with analyst Anthony Chukumba predicting a rebound after last week’s fall. BJ’s Wholesale saw a 2.4% increase in shares after an upgrade by Goldman Sachs, who sees earnings potential in the future. Boeing, on the other hand, saw a 1% decline after an incident involving a Southwest Airlines plane. Taiwan Semiconductor Manufacturing’s shares climbed 2% after receiving a funding offer from the Biden administration. Take-Two Interactive and UiPath Inc. also saw stock increases following upgrades by Citi and KeyBanc, respectively. Fastly’s shares gained nearly 4% after an upgrade to overweight from Piper Sandler. Overall, these companies are experiencing various movements in premarket trading.

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