Ericnomics: Stocks To Watch This Week 👀

🚘Tesla:
Tesla reports first-ever drop in annual deliveries. Delivered 495,570 versus 504,770 expected. Tesla dropped as low as $375 before rebounding. It may have found some footing

🖳Unity Software:
Roaring Kitty aka Keith Gill posted a clip on X hinting the potential of his next move. Gill’s X post featured “the late musician Rick James, who famously recorded a song titled ‘Unity which sent the stock soaring 14% before coming back down.

📱Apple:
Apple stock had its "buy" rating reaffirmed by Bank of America in a research report issued to clients and investors on Friday. They presently have a $256.00 price objective on the iPhone maker's stock. Bank of America's price objective indicates a potential upside of 5.19% from the company's previous close.

Weekly Recap of Key Events

• Biden blocks $14 billion acquisition of US Steel by Japan’s Nippon Steel.

• Hindenburg Research shorts Carvana, calling company’s turnaround a ‘mirage’.

• Tesla reports first-ever drop in annual deliveries.

• Rivian stock has its best day ever after EV maker reports 2024 production.

• Treasury’s sanctions office hacked by Chinese government, officials say.

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