Is Tesla Stock 'Bulletproof' Now? Here's Why Some Investors Think So
Tech companies are all about selling the future, and few do so more determinedly than Tesla.
Tech companies are all about selling the future, and few do so more determinedly than Tesla.
U.S. equities were mixed at midday as the market turned its focus back to corporate earnings reports.
Comcast stock fell double digits on Thursday after the company reported a bigger-than-expected drop in broadband customers and failed to add more subscribers to its Peacock streaming service.
(Reuters) -Dow said on Thursday it will lay off 1,500 employees as part of its $1 billion cost savings plan due to lackluster demand and margin pressures, causing its shares to drop 6.3% in morning trade. The chemical industry has been grappling with weak demand and high input costs, leading to lower prices and margin pressures, especially in Europe, where a challenging regulatory environment has prompted some companies to rethink their strategies. The Midland, Michigan-based company said it plans to reduce its workforce globally, with Europe and Asia in focus, and it expects to save an additional $300 million to $500 million this year by cutting back on expenses.
Most U.S. stocks are ticking higher following a rush of profit reports from some of the country's most influential companies. The S&P 500 was up 0.2% in morning trading. The Dow Jones Industrial Average was up 150 points, or 0.3%, as of 10:45 a.m.
Wall Street's main indexes rose on Thursday, driven by post-earnings advances in Meta and Tesla, although Microsoft's weak cloud forecast and downbeat results from Cigna dampened investor enthusiasm. Microsoft dropped 4.7% after forecasting disappointing growth in its cloud computing business. Meta Platforms rose 4.5% after beating estimates for fourth-quarter revenue, but forecast that first-quarter sales might miss estimates.
Whirlpool's North American sales dropped, and the home appliance maker's fourth-quarter results and guidance came up short of forecasts.
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Heidelberg Materials, the world's second-largest cement maker, wants to do more deals in the U.S. in 2025 and is confident the policies of President Donald Trump will boost its business. In his first comments since Trump took office last week, the CEO of German-listed Heidelberg Materials said the new administration had a clear growth agenda. Heidelberg Materials, which competes with Holcim, makes around a quarter of its sales in the North American region, where it employs around 9,000, or around 18% of its total staff.