Mixed Performance in US Stocks, Tesla Rises 3.79%, Oracle Falls 3.10%

Market Watcher03-12
On Tuesday, March 11, 2025, the US stock market closed with mixed performance. The NASDAQ Composite Index rose by 0.45%, the S&P 500 Index increased by 0.30%, while the Dow Jones Industrial Average fell by 0.15%.

In the sector performance, Meme stocks saw significant gains with Reddit rising 14.39% and Brüush Oral Care Inc. up 14.67%. The silver mining sector also performed well, with Endeavour Silver surging 24.18% and First Majestic Silver increasing by 10.45%. Conversely, the cannabis sector experienced declines, with BioNTech SE falling 6.61%.

Tesla Motors saw a notable increase of 3.79%. Canaccord Genuity maintained its buy rating on Tesla with a price target of $404.00 per share, indicating a positive outlook on the company's stock performance. Additionally, Morgan Stanley reiterated Tesla as overweight and recommended buying the dip.

Alphabet declined by 1.09%. The company is in talks with Snowflake to discuss AI data security deals, exploring the possibility of making Snowflake's Gemini models available securely for customers to build AI applications. The discussions also involve Anthropic and Databricks.

Oracle dropped by 3.10%. Multiple analysts adjusted their ratings and price targets for Oracle. Cantor Fitzgerald and UBS maintained their buy ratings but cut the price targets to $175.00 and $200.00 per share, respectively. JP Morgan maintained a neutral rating and reduced the price target to $135.00 per share.

Uber fell by 3.30%. KGI Securities downgraded Uber from Outperform to Neutral and announced a price target of $78.00 per share. Additionally, Uber ended its acquisition agreement with Delivery Hero for the Taiwan Foodpanda business, resulting in a termination fee.

Boeing rose by 3.99%. The company booked five net orders in February and delivered 44 airplanes, including 32 737 MAX jets, marking a 63% increase compared to the previous year.
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