Why Tesla, Social Capital Hedosophia Holdings, and ResMed Jumped Today [The Motley Fool]
SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP (IPOA)
US:NYSE Investor Relations:
prnewswire.com/news-releases/social-capital-hedosophia-holdings-corp-announces-informal-event-for-investors-and-appointment-of-directors-300593650.html
Company Research
Source: The Motley Fool
Why Tesla, Social Capital Hedosophia Holdings, and ResMed Jumped Today Markets finished the week on a positive note. Major benchmarks moved higher on Friday, lifted by continued strong results for the majority of companies reporting third-quarter earnings. Geopolitical and macroeconomic issues have faded into the background as investors have largely paid attention to issues at the individual-company level, and on the whole, businesses have seen solid results in recent months. Some companies saw their shares continue to gain ground on several types of good news. Tesla ( NASDAQ:TSLA ) , Social Capital Hedosophia Holdings ( NYSE:IPOA ) , and ResMed ( NYSE:RMD ) were among the top performers. Here's why they did so well. Shares of Tesla rose 9.5%, adding to their big gains from Thursday following the electric-vehicle manufacturer's surprise profit in the third quarter. Analysts weighed in with their opinions on Friday, with pros at Barclays raising their target price by $50 per share.
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