Tilray Inc (NASDAQ:TLRY) earned a repeat ‘Buy’ rating from Jefferies analysts after what it described as a solid third quarter earnings report, pointing to improving fundamentals and increased visibility into the company’s medium-term outlook.
The brokerage reiterated a price target of $24, implying substantial upside if execution continues as expected. Shares traded up 8% at $6 on Thursday afternoon.
Ford Motor Company (NYSE:F) has reported an 8.8% year-over-year drop in US first quarter sales, reflecting ongoing affordability challenges in the auto industry.
Total US sales fell to vehicles in the January to March period, with the decline attributed to higher borrowing costs, elevated vehicle prices, and the absence of federal tax credits for many electric vehicles, all of which weighed on consumer demand.
Tesla Inc (NASDAQ:TSLA) reported first quarter vehicle deliveries that fell short of Wall Street estimates, delivering 358,023 vehicles compared with expectations of roughly 370,000.
The company said it produced 408,386 vehicles during the quarter. Energy storage deployments reached 8.8 gigawatt-hours over the same period.
US space stocks took a mixed ride on Thursday after NASA’s Artemis II mission blasting off successfully, with some companies riding the launch hype higher while others gave back gains amid profit-taking.
The mission will send four astronauts on an approximately 10-day journey closer to the Moon than any human has been since the Apollo 17 mission in 1972.
Hochschild Mining PLC (LSE:HOC, OTCQX:HCHDF) and Fresnillo PLC (LSE:FRES) led a broad sell-off in FTSE 350 precious metals stocks on Thursday morning as gold prices pulled back from recent highs after US President Donald Trump said Iran would be "extremely hard" for up to three more weeks.
Shares in the FTSE 250-listed Hchschild fell 6.9%, with fellow mid cap Pan African Resources PLC (LSE:PAF) dropping 6.8%.