Today's Morning Movers and Top Ratings: TSLA, GOOGL, TXN, T and More
Morning Movers
Gapping up
$Enphase Energy(ENPH.US$ 's stock went up by 2.3% after the company reported a better-than-expected operating profit for the second quarter, buoyed by renewed demand in the U.S. market.
$Texas Instruments(TXN.US$ stock increased by 1.7% as the semiconductor company reported stronger-than-expected earnings for the second quarter, with adjusted earnings per share that exceeded estimates.
$AT&T(T.US$ shares climbed 2.9% following the company's announcement that it surpassed market predictions for wireless subscriber growth in the second quarter, driven by the popularity of its high-end unlimited plans.
$Boston Scientific(BSX.US$ shares saw a 0.8% rise after the medical device manufacturer reported second-quarter profits that beat expectations alongside a substantial increase in sales of its cardiovascular treatment products.
Gapping down
$Tesla(TSLA.US$ 's stock dropped 8.4% after the electric vehicle maker reported second-quarter earnings that fell below estimates, coupled with a decline in vehicle sales and profit margins reaching a five-year low.
$Alphabet-A(GOOGL.US$ shares decreased by 4.1% as the company faced significant year-on-year expense increases, particularly in AI development, which is projected to impact profit margins in future quarters.
$Visa(V.US$ experienced a 3.7% decline in its stock after the company reported third-quarter revenue growth that didn't meet expectations, as high borrowing costs curbed consumer spending.
$Deutsche Bank(DB.US$ 's stock took a 5.8% hit after the bank reported its first quarterly loss in four years for the second quarter, due to setting aside a substantial provision for an investor lawsuit, which derailed plans for a stock buyback.
Source: CNBC; Investing.com
US Top Rating Updates on 07/24
![Today's Morning Movers and Top Ratings: TSLA, GOOGL, TXN, T and More](https://ussnsimg.moomoo.com/sns_client_feed/77777018/20240724/743d7e8eb69c44119b92b332f5f467ed.jpg?area=100&is_public=true)
Source: Dow Jones
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