Stock Movers Today: FIVE, NIO, TSLA, TTWO

Five Below (FIVE) earnings report indicated $0.59 in EPS, beating the estimate. However, the company cuts full-year guidance. The FIVE stock was trading slightly lower following the news. Next, Shawn Cruz weighs in on the Nio Inc. (NIO) earnings call. The NIO stock price was down as the electric vehicle outlook disappointed investors. How does NIO compare to Lucid Group (LCID), Nikola (NKLA), and Li Auto (LI)? Also, the Tesla (TSLA) Shanghai factory grew output by 212% sequentially to over 33K vehicles. The TSLA stock was upgraded to buy from neutral at UBS. The analyst stated that it’s time to be bold on Tesla shares. Finally, Cruz discusses Take-Two Interactive Software (TTWO) being upgraded to overweight from neutral at JPMorgan. Does the company now offer a scaled portfolio of mobile games with the Zynga acquisition? Other video game stocks include Electronic Arts (EA), Microsoft (MSFT), and Roblox (RBLX).