Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
Tesla (TSLA) is getting a new jolt of energy – and investors seem to be showing new confidence in CEO Elon Musk. The stock climbed 10% Wednesday – its biggest percentage gain since 2015. That’s after Musk survived shareholder votes that could have stripped him of the chairman title.
Twitter (TWTR) is getting some new followers today. The company officially joins the S&P 500 this morning, replacing Monsanto, which is being bought by Bayer. Twitter also announced plans to offer a $1B convertible bond in its second-ever debt offering. Bloomberg says Goldman Sachs, Morgan Stanley and JP Morgan Chase are all underwriting the bond sale.
Get ready to pay a bit more for your cup of joe. Starbucks (SBUX) is reportedly boosting prices between 10 and 20 cents at the majority of its owned and operated stores. A company rep tells The Wall Street Journal they evaluate prices on a market-by-market basis, and the price hike has nothing to do with the recent closing of stores for anti-bias training.
And it looks like Ford (F) may be driving down the right road – in moving away from sedans. Morgan Stanley says it expects Ford to bring in $42B in revenue this year, from its F-Series pickup trucks alone. That makes the pickups more profitable than companies including McDonalds, 3M and United Technologies. If the F-Series were its own company, Morgan Stanley says it would rank 38 on the fortune 500 list.