Stocks to Watch Thursday: Tesla, Nvidia, Alibaba -- WSJ

Dow Jones01-02

By Caitlin McCabe

Tesla $(TSLA)$: New sales data is due from the electric-vehicle maker. Analysts expect fourth-quarter deliveries to fall just shy of the roughly 515,000 units needed for full-year deliveries to surpass 2023's total. Shares added more than 1% premarket.

MicroStrategy $(MSTR.AU)$: Shares of the bitcoin-buying software firm jumped more than 5% premarket, after tumbling in the last four trading sessions of 2024. The gains came as bitcoin climbed above $96,000. Coinbase $(COIN)$ stock also rose, adding nearly 4%.

Nvidia $(NVDA)$, Broadcom $(AVGO)$, Advanced Micro Devices $(AMD)$: Chip stocks advanced ahead of the opening bell after ending 2024 on a downbeat note.

Alibaba (HK:9988), $(BABA)$: The e-commerce company agreed to sell its controlling stake in Chinese hypermarket operator Sun Art Retail Group (HK:6808) in a $1.7 billion deal. Alibaba shares fell 1.3% in Hong Kong, while Sun Art stock slid 20%.

BYD (HK:1211), (BYDDY): The Chinese EV-maker sold a record number of electric and hybrid vehicles in December, lifting full-year sales by 41% to 4.3 million vehicles. Shares fell more than 3% in Hong Kong.

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(END) Dow Jones Newswires

January 02, 2025 04:52 ET (09:52 GMT)

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