As the latest number of jobless claims came out on Thursday, it looked like stocks would start the day better. This came after the S&P 500 dropped in the previous session, finishing below 3,800 for the first time since early November. The stocks to watch on Thursday are listed below:
Stocks to Watch
- Tesla (NASDAQ:TSLA) went up in pre-market trading as the price of the stock, which had been falling for a long time, leveled off. This added to the gains made on Wednesday. Shares of Elon Musk’s electric vehicle manufacturer had lost ground before trading on Wednesday for seven straight sessions, setting fresh 52-week lows that culminated in a $108.24 annual low. TSLA’s price went over $117.60 in the premarket on Thursday after Morgan Stanley said the company could “expand its advantage” over competitors in the sector in 2023.
- When GE HealthCare Technologies is split off from General Electric (NYSE:GE), which is expected to happen in early January, it will be included in the S&P 500 index. GE HealthCare will take the place of Vornado Realty Trust (NYSE:VNO), which is moving to the S&P MidCap 400 index. The modification is planned to go into effect on January 5.
- Reports say that a deal has been reached in an antitrust case about the high blood pressure drug Exforge made by Novartis (NYSE:NVS). The business will pay $245 million to resolve the complaint, which sprang from allegations that it took actions to stall the introduction of generic copies of the medication, according to Reuters.
- According to reports, Goldman Sachs (NYSE:GS) is getting ready to make further job cuts. Bloomberg reports that the CEO of the banking behemoth stated in a statement to employees at the end of the year that “we think our personnel reductions will take effect in the first half of January.”
To add to the most recent economic news, the number of people who filed their first claim for unemployment benefits rose by 9K last week, reaching 225K. This was lower than the predicted 222K. You can read more about our stocks for Wednesday at 4 Stocks To Watch On Wednesday: Apple, Pfizer, And Others
Featured Image: Pexels @ Anna Tarazevich