Shares of WeRide (NASDAQ: WRD) saw another day of big sell-offs Monday as investors continue to bet on a rival. Shares for rival Pony AI jumped 47.2% in the session. Rapid gains for Pony stock on the heels of recent tech announcements have corresponded with big sell-offs for WeRide.
Of the two notes, arguably the more impactful was the one BMO Capital's Evan David Seigerman published before market open. The analyst continues to be positive on AbbVie, as he maintained his outperform (buy, in other words) recommendation on the stock and $215 per-share price target. Not surprisingly, according to reports, Seigerman focused on AbbVie's first-quarter earnings release that was published on Friday.
Market Domination Overtime hosts Julie Hyman and Josh Lipton preview the biggest stories to come on Tuesday, April 29, including quarterly earnings results from companies like Coca-Cola (KO), Pfizer (PFE), Spotify (SPOT), General Motors (GM), and Visa (V); weekly Job Openings and Labor Turnover Survey (JOLTS) data; and the latest Consumer Confidence figures. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
The market wasn't exactly rushing to light up on marijuana stock Curaleaf Holdings (OTC: CURLF) on Monday. More than a few investors were spooked by the pronouncements of a top Washington, D.C. law enforcement official on the retail pot business, and elected to trade out of the shares. In a TV interview on Friday, Martin offered remarks about a recent move to send a letter to a D.C. dispensary, Green Theory, that implied the business could be subject to federal prosecution.
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