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Benzinga Pro's Top 5 Stocks To Watch For Thurs., Feb. 13, 2020: FXI, TSLA, BABA, NIO, CAT

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Benzinga Pro's Stocks To Watch For Thursday

  • iShares China Large-Cap ETF (FXI) - The main ETF tracking price action of indices in China was down 1.4% ahead of the opening bell amid news doctors in the Chinese province of Hubei have adopted a new way of diagnosing and confirming coronavirus cases. The new method caused the global death toll to rise to near 1,400 with confirmed cases now over 60,000. In addition, Japanese officials confirmed the first death from coronavirus. S&P 500 (SPY) futures were down 0.6% in the US.
  • Tesla (TSLA) - Tesla shares were very volatile Thursday morning following the filing of the company's 10-K and, shortly after that was issued, news the company will do a $2 billion common stock offering. Elon Musk will purchase $10 million of the $2 billion offer; Oracle (ORCL) Founder, CEO and Tesla Board member Larry Ellison will purchase $1 million of the offering. While Tesla shares were down about 3% from Wednesday's close, the stock, after initially trading lower to $712 following the offering news, rebounded and traded higher than where the stock was prior to the offering news. 
  • Alibaba (BABA) - Shares were down 2.4% following better-than-expected Q3 results. Company CEO Daniel Zhang noted the coronavirus outbreak "will present near-term challenges to development of the company's business."
  • NIO, Inc. (NIO) - The stock was down 3% following a Bloomberg report that suggested the company may have to delay payment of its employees' salaries for the month of January. 
  • Caterpillar (CAT) - Goldman Sachs upgraded the stock from Neutral to Buy. Shares of Cat were up 0.5% ahead of the opening bell.
 

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