Delta Air Lines, Inc. (NYSE: DAL) shares are trading higher after analysts at Raymond James upgraded the stock from Market Perform to Strong Buy and announced a $58 price target.
Ford Motor Company (NYSE: F) shares are trading higher after the company reported first-half China sales exceeded 306,700 vehicles, representing 24% growth year-over-year. The company also reported sales of Lincoln luxury vehicles surpassed 42,200 vehicles, up 111.4%.
General Motors Company (NYSE: GM) shares are trading higher after Wedbush initiated coverage on the stock with an Outperform rating and announced an $85 price target.
NIO Inc. (NYSE: NIO) shares are trading higher following a report suggesting the company now expects to have 700 battery swap stations by the end of the year, which is 200 more than the previous estimate and 4,000 battery swapping stations operating globally by 2025 with 1,000 of them in overseas markets.
Shares of Bitcoin-related stocks including Coinbase Global, Inc. (NASDAQ: COIN) and Riot Blockchain, Inc. (NASDAQ: RIOT) are trading higher amid an increase in the price of bitcoin.
XPeng Inc. (NYSE: XPEV) shares are trading lower despite gaining on its Hong Kong debut. Weakness is potentially related to overall Chinese market weakness on regulatory concerns.
Newegg Commerce, Inc. (NASDAQ: NEGG) shares are trading higher. The company earlier announced it now offers professional PC assembly to customers who design their own computers on the Newegg PC Builder.