There any number of catalysts for a stock market rally. But the most important one is that at some point people get tired of selling and decide to snap up bargains.
Tesla faced a “severe threat of death,” as it worked on making more Model 3s, CEO Elon Musk said. Tesla stock rose more than 6% Monday.
Craig Moffett of MoffettNathanson upgraded the stock to Neutral from Sell, but his target price is about 7% below the current market price.
China will allow United Technologies to acquire Rockwell Collins in a deal that has implications for other aerospace and industrial companies.
The latest shot fired in the fund fee wars is reverberating through the asset-management industry, as Vanguard Group is lowering the investment minimum for its Admiral share class index funds.
Soros Fund Management, which manages the Soros family’s wealth, also bought Alibaba and Micron Technology in the third quarter.