Stock Movers: Tesla Rises Ahead of Earnings, 3M Reaffirms Guidance, Verizon Subscriber Decline

Verizon's Subscriber Challenges

• 📉 Verizon shares are flat despite reporting a larger-than-expected decline in mobile phone subscribers.
• ⚠️ This decline is attributed to heavy competition and reduced spending by government agencies.
• 🔄 This marks a significant reversal from the previous quarter, where Verizon added over half a million subscribers.

3M's Financial Outlook Amidst Trade War

• 📈 3M shares are up nearly 8% as the company reaffirms its full-year financial guidance.
• ⚖️ Despite acknowledging risks from the trade war, which could impact earnings by up to 40 cents a share, the positive outlook is boosting investor confidence.
• 🌍 3M derives approximately 11% of its sales in China, making the impact of tariffs a key factor to watch.

Tesla's Pre-Earnings Anticipation

• ⚡ Tesla shares are rising ahead of its earnings report, with investors looking to Elon Musk for renewed excitement.
• 📉 The stock has experienced a significant drop of 53% since December, and recent concerns have been raised by eight US state treasuries regarding the company's direction.
• 📊 Analysts estimate adjusted EPS at 44 cents, with a consensus EPS of 33 cents, as the market awaits the post-bell results.