If you are an investor or simply interested in the world of finance, you are always on the lookout for the latest news and updates on companies that are making headlines. At Extreme Investor Network, we understand the importance of staying informed in order to make informed decisions when it comes to your investments.
Here is a recap of the latest movements in the stock market:
1. Tesla: Shares of the electric vehicle maker soared nearly 13% after reporting better-than-expected profits for the third quarter. CEO Elon Musk expects to see vehicle growth of 20% to 30% next year.
2. United Parcel Service (UPS): The parcel delivery company’s stock rose more than 7% following the release of their third-quarter earnings and revenue beat.
3. Lam Research: The semiconductor equipment maker saw a 6% increase in their stock price after reporting fiscal first-quarter figures that beat Wall Street expectations.
4. Seadrill: Shares rose more than 9% amid reports of merger talks with rival Transocean, although a deal has not been finalized yet.
5. Newmont: The stock fell more than 4% after posting weaker-than-expected earnings for the third quarter.
6. QuantumScape: Shares surged more than 17% after reporting third-quarter results that were in line with expectations.
7. T-Mobile: The stock rose more than 2% following better-than-expected third-quarter results.
8. Boeing: Shares fell 3.7% after Boeing machinists rejected a new labor deal, extending a five-week strike.
9. Mattel: The toymaker gained 2.1% despite posting mixed third-quarter results.
10. Honeywell: The stock fell about 2% after the company missed revenue estimates for the third quarter.
At Extreme Investor Network, we provide unique insights and analysis to help you make informed decisions when it comes to your investments. Stay tuned for more updates and the latest news in the world of finance.