Top premarket stock movers: TSM, TSLA, CVNA

Welcome to Extreme Investor Network, where we provide you with valuable insights and information to help you navigate the world of finance. Today, we’re taking a look at some of the top companies making headlines in the stock market.

Tesla, the electric vehicle maker, saw a nearly 1% gain after Goldman Sachs increased its stock price target. Despite the increase, the investment bank remains neutral on Tesla, with the new price target implying a slight downside from the current price. Tesla has been on a winning streak, booking 10-straight days of gains.

Taiwan Semiconductor Manufacturing, a key player in the semiconductor industry, reported better-than-expected revenue for the second quarter. The company’s shares rose 2% on the news, as it continues to provide chips for AI giants like Nvidia and Apple.

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3M Company, on the other hand, saw a decline of 1.2% after announcing the departure of its finance chief. The change is set to take effect at the end of July, as the CFO pursues another opportunity.

Carvana, the online car retailer, experienced a 4.5% jump in its stock price following an upgrade from Needham. The firm believes that Carvana has the potential to become a profitable growth story, with increasing retail unit sales and gross profit per unit.

Walmart, a retail giant, gained 0.3% after being named a top pick by Jefferies. The firm highlighted Walmart’s progress in artificial intelligence and set a price target that implies a double-digit rise over the next year.

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LegalZoom.com, however, saw a significant drop of over 25% after cutting its full-year revenue outlook and announcing the departure of its CEO. The company now expects lower revenue numbers than previously anticipated.

Finally, Spotify Technology experienced a slight decline after a downgrade to neutral. Analysts noted that the company’s revenue forecasts may be overly optimistic.

Stay tuned to Extreme Investor Network for more updates and analysis on the latest market trends and investment opportunities. Don’t miss out on the chance to stay ahead of the game with our expert insights and recommendations.

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