Today's Morning Movers and Top Ratings | TSLA, MDT, PANW, COIN and More
Morning Movers
Gapping up
$Tesla (TSLA.US)$ stock rose 0.9% following the European Commission's reduction of tariffs on the EV maker's China-built cars.
$Medtronic (MDT.US)$ stock increased by 0.5% after the company raised the lower end of its annual profit forecast, expecting continuous demand for its medical devices and growth from new products.
$Coinbase (COIN.US)$ stock jumped 2.3% as the cryptocurrency exchange saw benefits from a surge in bitcoin prices.
$Palo Alto Networks (PANW.US)$ stock gained 2.52% with the company projecting fiscal 2025 revenue and profit above estimates, indicating increasing demand for its cybersecurity offerings.
$XPeng (XPEV.US)$ stock climbed 1.0% after the Chinese EV maker announced a significant revenue increase in the second quarter.
$Fabrinet (FN.US)$ stock surged 9.7% after reporting a robust fourth-quarter performance and detailing expansion plans with a new facility construction.
Gapping down
$Lowe's Companies (LOW.US)$ stock dropped 0.9% after the company cut its annual profit and comparable sales outlook, with diminished expectations for recovery in large home improvement projects amid cautious consumer spending.
$Boeing (BA.US)$ stock decreased by 1% due to the grounding of its 777X test fleet after discovering a critical engine mounting structure failure.
$Morgan Stanley (MS.US)$ stock dipped 0.6% following reports that a company chairman was involved in a yachting accident off the Sicilian coast.
Source: CNBC; Investing.com
US Top Rating Updates on 08/20
![Today's Morning Movers and Top Ratings | TSLA, MDT, PANW, COIN and More](https://ussnsimg.moomoo.com/sns_client_feed/77777018/20240820/a44dc81967ca4eb3809ccbcce5892f3f.jpg?area=100&is_public=true)
Source: Dow Jones
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