On this episode of Stock Movers:
- Tesla (TSLA) shares are higher this morning. Tesla’s CEO Elon Musk has tied the company’s future to driverless taxis and the tentative launch of the service in Austin yesterday is helping lift the company’s stock ahead of the open. It fell on Monday, even as the broader S&P 500 gained but rallied overnight. That’s pushing up the consumer discretionary sector
- Uber (UBER) is rising this morning on news it will begin offering driverless Waymo rides in Atlanta, making it the second market where the two companies are teaming up instead of competing against each other. Uber has struck more than a dozen AV partnerships globally, and the performance of the Atlanta tie-up with Waymo will be crucial in efforts to convince Wall Street that it can be the go-to commercial platform for driverless carmakers.
- Mastercard (MA) is up on news that it's deepening its partnership with Fiserv (FI) to integrate its new FIUSD token across a range of Mastercard products and services, expanding stablecoin adoption and utility for their shared customers around the world. Mastercard says people and businesses can use the new, programmable, blockchain-based token across more than 150 million merchants.
- Circle (CRCL) is moving to the downside after the stablecoin issuer was initiated at Compass Point Research & Trading with a recommendation of neutral as competition is expected to increase after US stablecoin legislation was passed. Analyst Ed Engel sees Circle’s USDC stablecoin having long-term advantages from tech and liquidity but sees a growing threat of new entrants and declining gross margins

On this episode of Stock Movers: - Tesla (TSLA) shares are higher this morning. Tesla&rsquo;s CEO Elon Musk has tied the company&rsquo;s future to driverless taxis and the tentative launch of the service in Austin yesterday is helping lift the company&rsquo;s stock ahead of the open. It fell on Monday, even as the broader S&amp;P 500 gained but rallied overnight. That&rsquo;s pushing up the consumer discretionary sector - Uber (UBER) is rising this morning on news it will begin offering driverless Waymo rides in Atlanta, making it the second market where the two companies are teaming up instead of competing against each other. Uber has struck more than a dozen AV partnerships globally, and the performance of the Atlanta tie-up with Waymo will be crucial in efforts to convince Wall Street that it can be the go-to commercial platform for driverless carmakers. - Mastercard (MA) is up on news that it's deepening its partnership with Fiserv (FI) to integrate its new FIUSD token across a range of Mastercard products and services, expanding stablecoin adoption and utility for their shared customers around the world. Mastercard says people and businesses can use the new, programmable, blockchain-based token across more than 150 million merchants. - Circle (CRCL) is moving to the downside after the stablecoin issuer was initiated at Compass Point Research &amp; Trading with a recommendation of neutral as competition is expected to increase after US stablecoin legislation was passed. Analyst Ed Engel sees Circle&rsquo;s USDC stablecoin having long-term advantages from tech and liquidity but sees a growing threat of new entrants and declining gross margins

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Stock Movers

Tesla Drives Higher; Mastercard Partnership; Circle Neutral Recommendation

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