— Shares of the airline ticked more than 1% lower following its disappointing quarterly results. JetBlue reported a loss of $2.02 per share on revenue of $215 million. Analysts polled by Refinitiv expected a loss of $1.92 per share on revenue of $222 million.— The tobacco stock gained 1.2% after Altria reported better-than-expected results for the second quarter and raised its dividend. The company reported $1.09 in adjusted earnings per share on $5.06 billion of revenue.
Sacconaghi said in a note that the decision was a "valuation call," with the stock trading roughly 70% above Bernstein's target price of $900 per share.— Shares of Harley-Davidson tanked nearly 8% after the motorcycle maker posted an unexpected quarterly loss. The company reported a loss of 60 cents per share, compared to expectations of a 4 cents per share profit, according to Refinitiv.
Why? What a joke.......
Shame! Stock market reporters don’t understand the market. The initial down of Tesla was not because of the analyst’s call, rather it was because the whole market is down. Even the whole market was still down, by midday Tesla was $9.40 higher than yesterday’s closing.
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