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Shares of Cisco are soaring after reporting better-than-expected earnings, reports CNBC's Josh Lipton. And, the Fast Money traders share their plays on Tesla's secondary offering.
Colin Rusch, Northland Capital Markets' Colin Rusch raised his price target on the automaker from $50 last week to $95 today.
*Cisco jumps after earnings, outlook. *Wal-Mart slips after earnings miss. NEW YORK, May 16- U.S. stocks were little changed on Thursday after softer-than-expected data on the manufacturing sector and labor market, but gains in Cisco helped temper declines.
*Cisco jumps after earnings, outlook. *Wal-Mart slips after earnings miss. NEW YORK, May 16- U.S. stocks were poised for a slightly lower open on Thursday, indicating the Dow and S&P 500 may ease from their most recent record highs after softer-than-expected data on the housing and labor markets.
*Cisco jumps after earnings, outlook. *Wal-Mart slips after earnings miss. Wal-Mart Stores Inc, the world's largest retailer and a barometer of consumer spending, fell 2.5 percent to $77.86 in premarket trade after posting a quarterly profit that missed Wall Street expectations, with sales down 1.4 percent at U.S. stores open at least a year.
Some of the names on the move ahead of the open.
*Cisco jumps after earnings, outlook. NEW YORK, May 16- U.S. stock index futures were little changed on Thursday, indicating the S&P 500 may remain near its newest record high ahead of data on the housing and labor markets.
May 15- Tesla Motors Inc, which posted its first-ever quarterly profit last week, said on Wednesday that it aims to raise $830 million through a stock and debt offering that will be used to repay its U.S. Department of Energy loans with interest.
Tesla announced plans to offer another 2.7 million shares and said CEO Elon Musk will buy another $100 million worth of Tesla stock. Shares shot up after-hours.
Check out which companies are making headlines after the bell Wednesday:
Diarmuid O'Connell, Tesla vice president; and Robert Glaser, North Carolina Automobile Dealers Association president, debate whether the automaker should be able to sell directly to consumers.
After closely examining the sharp rally in Tesla, Cramer believes there's more than meets the eye here.
NEW YORK, May 14- The wave of short-covering that drove shares of electric car maker Tesla Motors to huge gains last week appears to have subsided, but there are still plenty of investors willing to bet against the stock.
The S&P and Dow closed at fresh all-time highs on Tuesday after widely followed hedge fund manager David Tepper said he is "definitely bullish" on stocks.
Tesla's market cap is now over $10 billion, reports CNBC's Phil LeBeau; and Cole Wilcox, Longboard Asset Management CEO, explains why he thinks the stock is worth more.
A bull and a bear square off on whether Tesla Motors has a future.
Tesla has exciting new battery technology and is located in Silicon Valley, but is it enough to call it a tech stock?
*Tesla Motors extends gains on raised sales outlook. Large-cap banks were among the day's biggest advancers, with Bank of America up 2.3 percent to $13.27 and Citigroup Inc up 2.1 percent to $49.97. Goldman Sachs advanced 2.9 percent to $153.97.
The rally in many of the most heavily shorted names is causing a "worst nightmare" situation for bearish investors and hedge funds alike, said Cramer.
*Sony jumps after hedge fund chief favors spinning off entertainment unit. *Electric carmaker Tesla Motors extends gains on raised sales outlook. "Earnings season is pretty well done, we don't really have any big economic points on the horizon," said Peter Jankovskis, co-chief investment officer at OakBrook Investments LLC in Lisle, Illinois.