Today's Morning Movers and Top Ratings | TSLA, BAC, BA, INTC and More

$Autodesk (ADSK.US)$ Shares rose by 0.8% following the software group's impressive second-quarter results, which were predominantly above consensus forecasts. The company's recent outlook upgrade also suggests strong business momentum.

$Tesla (TSLA.US)$ Shares increased by 1.2% as the electric vehicle manufacturer reported its best sales month of the year in China for August, driven by strong demand in smaller cities.

$NIO Inc (NIO.US)$ Shares were up by 0.5% after the Chinese electric-vehicle maker reported a 4% year-over-year increase in vehicle deliveries, totaling over 20,000 vehicles in August.

$Novartis AG (NVS.US)$ Shares fell by 1.7% after Jefferies downgraded the stock to hold from buy. Analyst Peter Welford expressed a need for time until 2025 for the pharmaceutical company to ramp up its approvals, despite optimism about its long-term trajectory.

$Bank of America (BAC.US)$ The bank's stock decreased by 0.44% following news that Warren Buffett's Berkshire Hathaway continued to reduce its holdings, selling more shares last week.

$Boeing (BA.US)$ Shares dropped 4.0% following a downgrade by Wells Fargo to underweight from equal weight, with concerns about peaking free cash flows cited by analyst Matthew Akers.

$Intel (INTC.US)$ Shares decreased by 0.95% amid reports from Reuters that CEO Pat Gelsinger is planning a strategic overhaul aimed at streamlining operations and reducing costs, set to be presented to the board of directors later this month.

$United States Steel (X.US)$ Shares plummeted by 4.0% after U.S. Democratic presidential hopeful Kamala Harris indicated she would oppose a proposed $14.9 billion takeover of the company by Japan's Nippon Steel.