Stock Market News 1+ days agoMullen Automotive Makes Deliveries; Short-Squeeze Possible Mullen Automotive (NASDAQ: MULN) made another deadline by delivering the first of its class-1 cargo vans. The vans were delivered to MGT Company in Highpoint, NC, by partner Randy Marion Automotive Group. The delivery is 4 class-1 vans with follow-on orders expected. MGT Company is a sales and leasing company focused on class 1-4 vans for commercial use. The company’s revenue was $70 million annually for the last 2 years and is expected to grow nearly 50% in 2023. The company’s vans are used primarily for last-mile services,…Read Article 1+ days agoSchwab’s Drop This Week Could Be The Opening Of The Year (Again) Having bounced up 35% from the multi-year lows they plunged to in the wake of SVB’s collapse, investors would have been thinking Charles Schwab Corporation’s (NYSE: SCHW) stock was getting back to normal. Certainly, that was the opinion of the Marketbeat team and some of the Wall Street heavyweights at the time. But in the fortnight since their shares have lost much of their elasticity, the stock is suddenly looking quite heavy. Yesterday saw shares drop another 5%, remaining 30% lower than before the recent financial…Read Article 1+ days agoThe Squeeze Is On For EVGo, Rally To Follow If you’ve been watching the short interest in EVGo (NYSE: EVGO) and wondering when and if a squeeze will happen, it is. The company’s q4 results and outlook affirm the business potential and have the stock up 25%. That is a significant move driven by short-covering that confirms support at a higher level than before. Given the proper catalyst, this has a bottom in play, and the market is set up for a rally. That catalyst could be found in the Q4 results, which show revenue up high triple digits and adoption of the technology…Read Article 1+ days agoWalmart Shares Jump on Evercore Analyst Upgrade Evercore ISI analysts upgraded Walmart (NYSE: WMT) in the final days of March from In Line to Outperform (or Moderate Buy). The upgrade accompanied a target price increase from $145 to $160 per share. Apparently, analysts foresee potential/future traffic and margins expanding for at least the next two years. In their note about the upgrade, analysts said it is evident that traffic will turn and that turn will be broad. They comment, “With consumers across the demographic spectrum making wallet allocation choices after several…Read Article 1+ days agoIs Braze Inc Ready To Rocket Higher? The strength in Braze, Inc’s (NASDAQ: BRZE) Q4 results was easy to predict because of the shift to digital and the strength in results from Salesforce.com (NYSE: CRM). Braze and Salesforce.com are not identical but complementary businesses serving the needs of businesses and industries across verticals. What Braze, Inc does is CEP compared to Salesforce.com’s CRM, but it amounts to the same thing: using digital tools to track and engage customers to drive sales. 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