Jim Cramer 's daily rapid fire looks at stocks in the news outside the CNBC Investing Club portfolio. Tesla : Shares fell more than 4% after the electric vehicle maker issued another round of price cuts in major markets including the U.S., Germany and China. "The idea is that Tesla is going to report a loss and they haven't sold a lot of and they're giving cars away in order to meet the cash flow.
Verizon : Shares fell nearly 3% after the telecommunications giant delivered an earnings beat and lost fewer-than-expected wireless subscribers in the three months ended March 31. "I had said that this Verizon is not good. It looks like that was right," Cramer said. Prologis : BMO Capital Markets downgraded the stock to a hold-equivalent rating, citing a "murky" outlook.
Source: News Formal (newsformal.com)
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