Tesla Rises, Lockheed Martin Drops, First Solar Gains After Jeffries Upgrade
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Tesla Rises, Lockheed Martin Drops, First Solar Gains After Jeffries Upgrade
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About this listen
On this episode of Stock Movers:
- Tesla (TSLA) shares rise after Tesla CEO Elon Musk said he regretted some of his posts about President Donald Trump last week. The two traded barbs on social media last week after Musk criticized the Republicans' tax bill.
- Lockheed Martin (LMT) shares drop after the Air Force cut its request for signature F-35s in half. That's down to 24 planes from 48 forecasted last year. The Air Force is the largest customer for Lockheed, which is the top US defense contractor.
- First Solar (FSLR) shares rise after Jefferies raised its recommendation on the solar technology company to buy from hold on speculation that Congress may support parts of the Inflation Reduction Act. Bloomberg Intelligence analysts note that the Senate will probably moderate some of the House's provisions related to the Inflation Reduction Act, and they see an 80% chance that a deal gets done by the August recess.
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