Tesla CEO Elon Musk tweeted late Tuesday that customers can now use BItcoin to buy Tesla vehicles in the US. A support page on Tesla’s website explains how customers can pay for a Tesla using digital currency. Tesla cars usually cost between $37,990 and $124,000 before taxes.
News For The Day: Cruise Lines Stocks Sink As CDC No to July Resumption
5 Stocks to Watch Out For Thursday, March 25
Neurocrine Biosciences, Inc. ▲(NBIX After hours 96.98 USD +9.41 (10.75%)) stocks received a boost yesterday during after-hours trading as the S&P MidCap 400 announced that they will add Neurocrine in favor of O-I Glass Inc. The latter will now move to the S&P Small Cap, dislodging HMS Holding. HMS will now be acquired by Veritas Capital.
Restoration Hardware Holdings, Inc ▲(RH After hours 526.00 USD +40.89 (8.43%) stocks rose in extended trading yesterday. Now known as RH, the furniture company reported that its fourth-quarter earnings and sales overshot Wall Street estimates, posting earnings per share of $5.07 on revenue of $813 million. Analysts thought it was more on the EPS of $4.76 on revenue of $798 million range. The pandemic-influenced market continues to enjoy robust demand for its high-end furniture and homewares. Revenue forecast expects to grow between 15% and 20% year over year in 2021.
Laboratory Corp. of America Holdings ▲(LH 250.42 USD +11.64 (4.87%)) stock closed almost 5% during yesterday’s trading. The laboratory instrumentation company announced that its board will review its structure in an effort to improve its stock price. The firm hired Goldman Sachs to support the review process. And what do you know? The next day, stocks rose around 5%. Whatever it is, it’s already working. EOG Resources Inc ▲(EOG 72.54 USD +2.89 (4.15%)) enjoyed a rise in stocks during yesterday’s trading as the energy sector went up when a container ship literally clogged the Suez canal and caused a massive traffic jam. Even with the expected short-lived impact, some oil companies got a good deal, and EOG emerged the biggest winner with a 4% rise in stocks.
Applied Materials, Inc. ▲(AMAT 121.10 USD +4.72 (4.06%)) shares climbed 4.4% premarket and settled at 4.06% as Wednesday’s trading hours closed. AMAT got some love from Bank of America, which raised its price target from $140 to $150 while maintaining a “Buy” rating.
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