Elon

Delta

Elon Musk

Gains

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<p class="has-drop-cap">In a volatile trading session, Delta Air Lines (NYSE: DAL), Tesla (NASDAQ: TSLA), and Pfizer (NYSE: PFE) are making headlines with significant stock movements and company developments.<br><br>As of 12:46 PM EDT, these three stocks are drawing investor attention for various reasons, ranging from earnings reports to product developments and market debates.</p>
<h3 id="delta-air-lines-dal-tumbles-on-weak-guidance">Delta Air Lines (DAL) Tumbles on Weak Guidance</h3>
<p>Delta Air Lines shares plummeted 5.04% to $44.50 following the release of <a href="https://tokenist.com/delta-air-lines-misses-revenue-expectations-in-q2-eps-in-line/" rel="noopener noreferrer nofollow" class="deco-link">mixed second-quarter results</a> and disappointing third-quarter guidance. The airline reported Q2 operating revenue of $16.7 billion and adjusted earnings per share of $2.36, meeting expectations.<br><br>However, its Q3 EPS forecast of $1.70-$2.00 fell short of analyst projections, triggering a <a href="https://tokenist.com/airline-stocks-face-turbulence-after-delta-posts-weak-q3-guidance/" rel="noopener noreferrer nofollow" class="deco-link">broad selloff in airline stocks</a>.</p>
<p>The weak guidance highlighted ongoing challenges in the airline industry, including excess capacity and pricing pressures. Delta’s announcement impacted other major carriers, with United Airlines (NASDAQ: UAL) down 16.07%, American Airlines (NASDAQ: AAL) plunging 40.69%, and Southwest Airlines (NYSE: LUV) dropping 27.80%.</p>
<p>Despite the current setback, Delta’s stock maintains a year-to-date gain of 11.18%, outperforming its one-year return of -7.25%.</p>
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<h3 id="tesla-tsla-faces-volatility-amid-market-debate">Tesla (TSLA) Faces Volatility Amid Market Debate</h3>
<p>Tesla’s stock experienced a sharp decline of 6.23% to $246.86, potentially ending its <a href="https://tokenist.com/how-tesla-energy-can-play-a-big-role-in-the-companys-evolution-beyond-cars/" rel="noopener noreferrer nofollow" class="deco-link">recent 11-day winning streak</a>.<br><br>The electric vehicle maker found itself at the center of a market debate after Bill Gross, the “Bond King,” criticized its stock performance, claiming Tesla was “<a href="https://tokenist.com/rearview-mirror-or-windshield-musk-responds-to-bill-gross-tesla-criticism/" class="deco-link" rel="noopener noreferrer nofollow">acting like a meme stock</a>” with “sagging fundamentals.”</p>
<p>CEO Elon Musk swiftly responded, asserting that Gross “does not understand technology.” The exchange highlighted differing views on Tesla’s market position and valuation.<br><br>Adding to the day’s volatility, reports emerged suggesting a delay in the company’s robotaxi unveiling event. Despite the day’s losses, Tesla’s stock has surged nearly 50% over the past month, although it remains down 0.68% year-to-date.</p>
<h3 id="pfizer-pfe-gains-on-weight-loss-drug-development">Pfizer (PFE) Gains on Weight Loss Drug Development</h3>
<p>Pfizer’s stock rose 1.60% to $28.80 following the announcement of its <a href="https://tokenist.com/wall-street-weighs-in-as-pfizer-targets-100-billion-weight-loss-market/" rel="noopener noreferrer nofollow" class="deco-link">plans to advance a once-daily version of its weight loss pill</a>, danuglipron.<br><br>The decision, based on encouraging early-stage trial results, keeps Pfizer in contention for a share of the projected $100 billion GLP-1 market.</p>
<p>The company plans additional early-stage trials for the second half of 2024, with results expected in Q1 2025.<br><br>This development signals Pfizer’s focus on internal growth rather than late-stage acquisitions and maintains competitive pressure on market leaders Novo Nordisk and Eli Lilly (NYSE: LLY).<br><br>While Pfizer’s stock is up 3.09% year-to-date, it has underperformed the broader market, with the S&amp;P 500 gaining 18.14% over the same period.</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></p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-delta-air-lines-tesla-and-pfizer/">Stocks to Watch Today: Delta Air Lines, Tesla, and Pfizer</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Delta Air Lines, Tesla, and Pfizer

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