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Tesla (TSLA) – The electric carmaker will unveil its new Model 3. At an expected price tag of about $35,000, the new vehicle will be Tesla’s first mass-market car and its biggest test yet.
Chipotle (CMG) – Watch out McDonald’s and Shake Shack! Chipotle is planning to open a burger chain. The Mexican fast-food chain has filed for a trademark for “Better Burger” as it looks to diversify its business.
Fitbit (FIT) – Demand for Fitbit’s two new devices is boosting the stock. The company announced it has shipped more than 1 million Fitbit Blaze smartwatch devices and more than 1 million Fitbit Alta wristbands in the first month.
Target (TGT) – Barclays downgraded Target to underweight and lowered its price target by $20 to $70 per share, implying a 16% downside from yesterday’s close.
AIG (AIG) – United Guaranty, a spinoff of AIG’s residential mortgage insurance business, filed for an IPO of up to $100 million. It plans to list on the NYSE.
Movado (MOV) – Movado reported fourth-quarter earnings per share of $0.40, topping analyst estimates by $0.01. But the company’s FY 2017 guidance came in below estimates; Movado sees FY2017 EPS of $1.85 to $2.00, versus the consensus of $2.27.
McDonald's (MCD) – McDonald's is focusing on China. According to an interview by The Wall Street Journal with CEO Steve Easterbrook, the fast-food chain plans to add more than 1,000 restaurants in China.
