Tesla, Dollar Tree, GE HealthCare, Williams-Sonoma, Carnival, and More Stock


was falling 1.7% to $174.60 after Wells Fargo cut its recommendation on shares of the electric-vehicle maker to Underweight from Equal Weight and reduced the stock’s price target to $125 from $200. Tesla “ain’t looking so magnificent,” wrote Wells Fargo analyst Colin Langan. “We expect volume to disappoint as price cuts are having a diminishing impact on demand. Lower deliveries and [vehicle] price drive our 2024 earnings per share [estimate] 32% below consensus.”

Dollar Tree

declined 13% after the discount retailer’s fourth-quarter adjusted earnings missed analysts’ expectations and it issued a weaker-than-expected profit outlook for its fiscal first quarter.

GE HealthCare Technologies

was falling 4.2% after the company announced the pricing of a secondary offering of 14 million shares. The deal was upsized from 13 million shares.

Advertisement – Scroll to Continue


jumped 11% after the seller of housewares reported fourth-quarter earnings that beat Wall Street estimates, boosted its dividend, and said it board authorized an expansion of the company’s stock repurchase capacity to $1 billion.


was up 0.4% after announcing it plans to conduct a $1 billion convertible senior notes offering, with notes due in 2030. The crypto exchange said it would use proceeds from the offering to repay outstanding debt and for general corporate purposes. The stock has risen 47% this year and nearly 300% over the past 12 months as


sets record highs.


was falling 1.1% after a report from Bloomberg said the Pentagon was pulling out of a plan to spend as much as $2.5 billion on a chip grant to the semiconductor company. The Bloomberg report cited people familiar with the situation. The Commerce Department, Bloomberg noted, would have to make up for the shortfall, which threatens to limit the total amount that Intel was expecting to receive in federal funding.


l rose 2.2% to $16.60 and

Royal Caribbean

gained 1.6% to $131.84 as analysts at Goldman Sachs initiated shares of the cruise companies at Buy. Goldman set a $20 price target on Carnival and $162 on

Royal Caribbean

Advertisement – Scroll to Continue

The firm initiated Norwegian Cruise Line Holdings at Neutral. Norwegian fell 0.9%.


reported a fourth-quarter loss wider than a year earlier as revenue at the shoe brand fell 15% to $72 million. The company issued a sales forecast for the fiscal first quarter and year that was below estimates and the company announced that CEO Joey Zwillinger would be stepping down. The stock fell 22%.

Earnings reports are also expected Wednesday from





Write to Joe Woelfel at [email protected]

Read More: Tesla, Dollar Tree, GE HealthCare, Williams-Sonoma, Carnival, and More Stock