Tesla Motors (TSLA) shares are revving up in the stock market today, retaking a key level, after scoring some extra credit on its recent Consumer Reports test. Its new, top-of-the-line P85D Model S got a score of 103 out of 100, making it the highest-rated car the guidebook has ever tested. Tesla gapped up about 8% in big volume, retaking its 200-day moving average. On Monday, shares hit a nearly 5-month low intraday as the market sold off.
Avago Technologies (AVGO) gapped up Thursday after the Apple (AAPL) chipmaker late Wednesday smashed Wall Street’s Q3 earnings forecast by a dime. At least two analysts, however, lowered their price targets on Avago stock, though they both maintained their buy ratings. For its fiscal Q3 ended June 30, the company reported record earnings per share ex items of $2.24, up 78% from the year-earlier quarter. The 23 analysts polled by Thomson Reuters
Weibo (WB) stock shot up Thursday after the China-based microblog got upgraded to buy from hold by Summit Research / W.R. Hambrecht, citing Weibo’s user growth, as a bevy of China Internet stocks were rebounding. Weibo stock was up nearly 9% in midday trading in the stock market today, near 12, after shares had plunged 20% in Monday’s rout to an all-time low. Weibo remains below its IPO price of 17, is down 19% this year and is off 55% from its