Stock Movers Tesla Rises, Northern Trust Higher, Estee Lauder Gains After Deutsche Bank Upgrades To Buy From Hold
Jun 23, 2025
Tesla's stock surges as it launches its highly anticipated driverless taxi service, marking a significant step for Elon Musk's vision. Meanwhile, Northern Trust sees its shares climb due to merger talks with Bank of New York Mellon, stirring investor interest. Estee Lauder also benefits from a positive upgrade by Deutsche Bank, pushing its stock higher. This episode dives into how these developments reflect broader market sentiments and individual company trajectories.
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Tesla's Robotaxi Sparks Retail Excitement
- Tesla's stock rose about 8% after launching a driverless taxi service in Austin limited to few riders.
- The launch created retail enthusiasm despite analysts deeming the event largely uneventful.
Northern Trust Merger Optimism
- Northern Trust's shares rose amid merger interest from Bank of New York Mellon, potentially creating a large custodian bank.
- The market sees potential efficiencies like reduced real estate and headcount driving optimism.
Estee Lauder Upgrade Spurs Gains
- Deutsche Bank upgraded Estee Lauder from hold to buy, raising its target price from $71 to $95.
- Estee Lauder benefits from diversifying beyond China and strong demand for beauty products.