Twitter (TWTR) filed a lawsuit against Elon Musk. Twitter said that they will hold Elon Musk accountable to his contractual obligations. Piper Sandler recently cut the TWTR stock price target to $30 from $54.20. Next, Jeff Pierce weighs in on Alphabet (GOOGL) to slow hiring for the rest of the year. Alphabet’s CEO, Sundar Pichai, said that they need to be more entrepreneurial while working with greater urgency. Also, what is there to know about recent cutback in jobs in big-tech? Microsoft (MSFT), Netflix (NFLX), and Tesla (TSLA) also announced jobs cutbacks. Susquehanna cut stock price targets on several semiconductor stocks like AMD Inc. (AMD), Nvidia (NVDA), and Intel (INTC). Pierce discusses KeyBanc initiated coverage of ride-sharing stocks. These included Uber Technologies (UBER) and Lyft Inc. (LYFT). Finally, Raymond James initiated an outperform rating for the Clorox (CLX) stock. Clorox (CLX) increased their dividend by 2% to $1.18 per share.
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