Check out the companies that make headlines before the bell. Tesla – Shares in the electric car maker rose about 5% after second quarter vehicle delivery was better than feared. Tesla delivered 384,000 vehicles during the period, down 14% from a year ago. According to FactSet, the number was shy about the analyst estimate of 387,000 delivery. This is the second straight quarter drop. JPMorgan Chase, Bank of America, Wells Fargo, Goldman Sachs, Citigroup – Major bank stocks rose below 1% after they made plans to hike dividends after receiving stress test results from the Federal Reserve. JPMorgan has also announced a new stock buyback program. Rigetti Computing – After Cantor Fitzgerald began coverage of quantum computing company with an overweight rating, the stock has acquired nearly 2%, reaching its $15 price target, meaning an increase of over 30% since its closing on Tuesday. Analyst Troy Jensen said: “Quantum computing is in its early stages, but it’s one of the very highly coveted technical milestones and one of the important economic implications. Verint Systems – Customer Service Software Provider stock jumps 10% following a Bloomberg report. Centene – Managed Care Giant stock plummeted 30% after Centene withdrew its 2025 guidance. From data that accounts for 22 Centene’s 29 Marketplace states, the company said it expects a shortfall of approximately $2.75 per share in its adjusted revenues. Centene’s Medicaid business continues to weigh this business. CAVA – The stock has won 2% after Keevance launched the Mediterranean fast chain chain with an overweight rating. Analyst Christopher Khalil pointed out the lack of Cava’s direct competitor as a catalyst, saying that Cava could one day become a Mediterranean food chipotle. – Reported by CNBC’s Lisa Han, Sarah Minh and Michelle Fox.
TSLA, CNC, JPM, Cava, etc.
