Here's Myles Udland with a look ahead at what will be making headlines on Wednesday.Read More »
Tesla (TSLA) shares fell Tuesday following a bearish report saying the maker of all-electric vehicles will continue to lose money on an annual basis through 2019. XAutoplay: On | OffJefferies analyst Philippe Houchois initiated coverage of Tesla with an underperform rating and price target of 280, which is 26% below where the shares currently stand. Tesla shares were down 2%, near 377.10 during morning trading in the stock market today. Tesla shares are up 77% this year. "It is with a bit of a heavy heart that we initiate coverage of Tesla at underperform," Houchois wrote in a note to clients Tuesday, saying that boosting production remains the main challenge for Tesla. "Achievements to-date
According to a recent note by equity research firm Jefferies, there's evidence that mass-market retailers like Target are now lowering prices to compete with Lidl, which has 10,000 global stores but just came to the US.
Major stock indexes hit fresh highs in afternoon trading Monday as Wall Street prepped for the start of the two-day Fed meeting Tuesday. The Nasdaq composite was up 0.4%; the Dow Jones industrial average rose 0.3% and the S&P 500 climbed 0.2%. Small caps outperformed with the Russell 2000 up 0.7%. Volume on both exchanges was tracking lower than Friday's levels, but volume Friday was skewed by options expirations. Five stocks in the Dow rose more than 1%, including JPMorgan (JPM) and Goldman Sachs (GS). Janet Yellen and Federal Open Market Committee members are not expected to lift interest rates, but Wall Street could get more specifics on when the Fed will start selling off bond holdings in