Bank

Time

Gains

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">In today’s market, three stocks are drawing significant attention due to notable developments and price movements. Tesla (NASDAQ: TSLA) faces <a aria-label="challenges in the European market (opens in a new tab)" href="https://www.reuters.com/business/autos-transportation/bmw-overtakes-tesla-european-ev-sales-first-time-report-says-2024-08-22/" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">challenges in the European market</a>, Charles Schwab (NYSE: SCHW) sees a major shareholder reducing its stake, and Paramount Global (NYSE: PARA) receives an increased takeover bid.</p>
<h3 id="tesla-tsla-lags-in-europe-for-the-first-time">Tesla (TSLA) Lags in Europe for the First Time</h3>
<p>Tesla’s stock has taken a hit, trading at $216.40, down 3.07% for the day. The electric vehicle giant faces headwinds in Europe as BMW overtakes it in battery electric vehicle (BEV) sales for the first time in July. <br><br>BMW’s 35% year-on-year increase in BEV sales contrasts sharply with Tesla’s 16% decline. This shift in the European market, coupled with the departure of another longtime Tesla executive and an ongoing U.S. transport safety board investigation into a recent crash, has contributed to investor unease. Despite these challenges, Tesla maintains a substantial market capitalization of $691.336 billion and a <a href="https://tokenist.com/investing/p-e-ratio/" rel="noopener noreferrer nofollow" class="deco-link">P/E ratio</a> of 62.72.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="charles-schwab-schw-faces-downward-pressure-after-key-shareholder-trims-stake">Charles Schwab (SCHW) Faces Downward Pressure After Key Shareholder Trims Stake</h3>
<p>Charles Schwab’s stock is experiencing downward pressure, trading at $63.85, a 1.12% decline. The financial services company faces uncertainty as TD Bank, a major shareholder, announces plans to sell 40.5 million shares of Schwab common stock. <br><br>This sale, estimated at around $2.62 billion, will reduce TD Bank’s ownership from over 12% to about 10%. The move comes as TD Bank seeks to offset expected fines from U.S. regulators related to anti-money-laundering practices. Despite these challenges, Schwab’s stock has shown resilience with a 9.20% one-year return and a robust 82.39% five-year return.</p>
<h3 id="paramount-global-para-stocks-gains-on-increased-takeover-bid">Paramount Global (PARA) Stocks Gains on Increased Takeover Bid</h3>
<p>Paramount Global’s stock is showing signs of life, trading up 1.26% at $11.23. The media company is at the center of a developing takeover battle as Edgar Bronfman Jr. increases his offer to $6 billion, up from his earlier $4.3 billion bid. <br><br>This new offer, while still nearly $2.5 billion lower than Skydance Media’s tentative $8.4 billion deal, has prompted Paramount to extend its “go shop” period by 15 days. The increased bid and potential for a bidding war have sparked investor interest, despite Paramount’s challenging year-to-date return of -23.37% and a five-year return of -70.76%.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em><br></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-tesla-schw-and-paramount-global/">Stocks to Watch Today: Tesla, SCHW, and Paramount Global</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Tesla, SCHW, and Paramount Global

Table of Contents

Tokenist

Other articles published on Aug 22, 2024

Top 3 Meme Coins Everyone Is Talking About This Week—Should You Add Them to Your Bull Run Portfolio?

Can Rollblock Follow in the Footsteps of Cosmos (ATOM) and Kaspa (KAS) Surging into Multi-Billion...

Former FTX Executive Claims US Government Failed to Fulfill Terms of Plea Agreement! Here Are the...

WEDNESDAY'S ARE MADE FOR ALPHA

Babylon Debuts First Phase of Self-Custodial Mainnet

DTX Exchange presale surges with 13,500 new sign-ups from LINK, SOL enthusiasts

Join our free newsletter for daily crypto updates!