Amazon and Tesla's stock are thriving, but these of Wells Farrgo are heading toward mroe trouble

Amazon – Needham & Company analyst Kerry Rice upgraded Amazon to buy from hold and raised its price target to $1,100. In a research note, Rice wrote that Amazon’s dominance in the US is “sustainable with Prime, mobile penetration and third-party growth,” and noted that Amazon Web Services will be a key driver for the company. Amazon’s stock is up nearly 21% since January 1.

Tesla – Shares soared to a new high after Piper Jaffray lifted its price target on the stock by 65% to $368. The firm thinks Tesla’s new lower-cost Model 3 will be a big success in the longer-term. Tesla’s stock is up 45% since the start of the year.

Wells Fargo – The bank’s board of directors is clawing back an additional $75 million from former CEO John Stumpf and former retail bank head Carrie Tolstedt. This was part of a 113-page report that has been in the works since last fall, when the bank admitted that its employees opened up to 2 million fake accounts without customers’ authorization.

Toyota – The automaker is investing $1.33 billion in a plant in Kentucky as part of its plan to invest $10 billion in the US over the next five years. The plant currently employs 8,200 workers and, according to the company, is its largest factory in the world.

Read more:

• US – Iran – Iraq tension remain the main driver of the stock market today
• How top market players on Wall St think 2020 will look like on financial markets
• Money Flow before the start of the new trading week
• Cincinnati Financial Corporation (CINF.US) -Opportunity for long positions
• Asia stocks gain as Fed signals no rate cuts in 2020