Dollar

Apple

Gains

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<p class="has-drop-cap">Wall Street saw mixed results on Thursday as investors reacted to earnings reports from major retailers and analyst coverage of a leading electric vehicle manufacturer. Tesla (<a href="https://tokenist.com/investing/how-to-invest-in-stocks/" rel="noopener noreferrer nofollow" class="deco-link">NASDAQ: TSLA</a>), Dollar General (<a href="https://tokenist.com/investing/how-to-buy-shares-online/" class="deco-link" rel="noopener noreferrer nofollow">NYSE: DG</a>), and Best Buy (<a href="https://tokenist.com/investing/how-to-buy-stocks/" class="deco-link" rel="noopener noreferrer nofollow">NYSE: BBY</a>) were among the stocks in focus, each experiencing significant price movements based on recent news and financial performances.</p>
<h3 id="tesla-tsla-gains-after-analyst-says-it-s-the-apple-of-the-energy-sector">Tesla (TSLA) Gains After Analyst Says it’s the Apple of the Energy Sector</h3>
<p>Shares of Tesla Inc. rose 2.61% to $211.12 following a new analyst report comparing the company to Apple in the energy sector. <br><br>William Blair analyst Jed Dorsheimer initiated coverage with an outperform rating, <a href="https://www.barrons.com/articles/tesla-stock-price-apple-analyst-6e39dbc5" target="_blank" aria-label="highlighting (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">highlighting</a> Tesla’s ecosystem that includes auto manufacturing, AI, <a href="https://tokenist.com/what-teslas-robotaxi-could-mean-for-its-stock-price/" rel="noopener noreferrer nofollow" class="deco-link">robotaxi services</a>, and robotics. Dorsheimer particularly emphasized the company’s energy storage business, which he believes could grow at a 50% compound annual growth rate and potentially account for 25% of Tesla’s revenue by 2028. <br><br>Despite the positive outlook, Tesla’s stock remains down 15.13% year-to-date, reflecting ongoing concerns about its Robotaxi project in light of Uber’s recent partnerships.</p>
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<h3 id="dollar-general-dg-plummets-after-q2-results">Dollar General (DG) Plummets After Q2 Results</h3>
<p>Dollar General Corporation saw its stock plummet 27.22% to $90.13 after <a href="https://tokenist.com/dollar-general-falls-short-of-q2-expectations-with-1-70-eps/" rel="noopener noreferrer nofollow" class="deco-link">reporting second-quarter earnings</a> that fell short of expectations. <br><br>The discount retailer reported a 4.2% increase in net sales to $10.2 billion, but missed analyst estimates of $10.38 billion. Earnings per share came in at $1.70, below the expected $1.80. In response to the disappointing results, <br><br>Dollar General lowered its full-year outlook, revising its net sales growth forecast to 4.7%-5.3%, down from the previous 6.0%-6.7%. The company also reduced its EPS guidance to $5.50-$6.20, a significant drop from the earlier projection of $6.80-$7.55. These revisions have contributed to a 32.79% decline in the stock’s value year-to-date.</p>
<h3 id="best-buy-bby-surges-on-better-than-expected-q2-earnings-results">Best Buy (BBY) Surges on Better-than-Expected Q2 Earnings Results</h3>
<p>In contrast to Dollar General, Best Buy Co. Inc. saw its shares surge 17.38% to $103.05 after reporting <a href="https://tokenist.com/best-buy-reports-better-than-expected-fiscal-q2-with-1-34-eps/" rel="noopener noreferrer nofollow" class="deco-link">better-than-expected second-quarter results</a>. <br><br>Despite a 3.1% year-over-year decline in revenue to $9.29 billion, the electronics retailer beat analyst estimates of $9.24 billion. Earnings per share also exceeded expectations at $1.34, compared to the projected $1.16. Best Buy raised its full-year outlook, expecting a smaller decline in annual comparable sales of 1.5% to 3.0%. <br><br>The company’s domestic tablet and computing categories showed particular strength, posting a 6% growth in comparable sales. Best Buy’s stock has now gained 34.61% year-to-date, outperforming the broader market.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em> <em>Stock prices quoted at the time of writing (10:40 AM EDT).</em><br></p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-tesla-dollar-general-and-best-buy/">Stocks to Watch Today: Tesla, Dollar General, and Best Buy</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Tesla, Dollar General, and Best Buy

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