Tesla, AMC, Southwest, etc

Get to know the companies in the headlines before the call.

Tesla ( TSLA ) – Tesla gained 1.6% in a volatile premarket session, snapping a seven-day losing streak and falling in ten of the last eleven sessions. Baird cut his price target on Tesla to $252 per share from $316, but continues to rate the stock’s outperform.

AMC Entertainment (AMC) — AMC Entertainment rose 1.2% in premarket trading after CEO Adam Aron asked the theater chain’s board to freeze his pay. He also urged other senior AMC executives to do the same.

Southwest Airlines (LUV) – Southwest Airlines fell 1.3% in premarket action as it continues to cancel flights in its struggle to return to a normal schedule. Over the past week, Southwest has canceled thousands of flights after a severe winter storm and limited bookings for the next few days.

Nvidia: (NVDA), Micro technology ( MU ) – This and other semiconductor stocks remain under scrutiny as investors focus on chip surpluses. That’s in stark contrast to global shortages during the pandemic, when demand soared.

Apple: (AAPL) — Apple is marginally higher in the premarket after its Tuesday close, the lowest since June 2021. Apple has fallen over the past three days and in eight of the past nine trading sessions.

Lyft: (LYFT) — The company’s stock remains under scrutiny after closing below $10 per share for the first time since going public in 2019. It recovered 1.1% in premarket trade.

Genre: (GNRC) – Shares of the power equipment maker have been rated with new buy coverage at Janney Montgomery Scott with a $160 price target, implying a 76% upside from current levels. Generac is the S&P 500’s worst performer in 2022, down 74.1%.


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