TOP 5 STOCKS TO WATCH OUT TODAY 16 MARCH 2021

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TOP 5 STOCKS TO WATCH OUT TODAY 16 MARCH 2021

1.TESLA -The U.S. auto safety agency said on Monday it is investigating a crash in Detroit on Thursday involving a Tesla that became wedged underneath a tractor-trailer and left a passenger in critical condition.

The National Highway Traffic Safety Administration (NHTSA) said on Monday it is “aware of the violent crash that occurred on March 11 in Detroit involving a Tesla and a tractor trailer. We have launched a Special Crash Investigation (SCI) team to investigate the crash.”

The crash occured at 3:20 a.m. Thursday when a white Tesla drove through an intersection and struck a trailer, Detroit police said Monday.

Both the driver and the passenger were taken to a local hospital, where the passenger was listed in critical condition. Police said the crash is still under investigation.

WDIV-TV in Detroit aired video of a badly damaged Tesla crushed underneath a tractor-trailer and said the injured passenger was a 21-year-old woman.

NHTSA has previously launched around at least 14 SCI teams to investigate Tesla crashes that may be tied to the vehicle’s advanced Autopilot driver assistance system, but taken no action against the automaker as a result of those probes.

It is not clear if Autopilot may have been a factor in the Detroit crash.

Tesla did not immediately respond to requests for comment.

Autopilot has been engaged in at least three Tesla vehicles involved in fatal U.S. crashes since 2016.

NHTSA and the National Transportation Safety Board have probed other crashes in which a Tesla struck a trailer, including two fatal crashes in Florida.

In a 2019 crash, a Tesla struck a tractor trailer and the roof was sheared off as it passed underneath the trailer and stopped three-tenths of a mile south of the collision. The driver was pronounced dead at the scene.

In May 2016, a Tesla Model S driver was killed near Williston, Florida, using Autopilot when he slammed into a tractor trailer that also sheared off the vehicle roof.

Tesla advises drivers they must keep their hands on the steering wheel and pay attention while using Autopilot. However, some Tesla drivers say they are able to avoid putting their hands on the wheel for extended periods when using Autopilot.

2.MICROSOFT CORP– Microsoft Corp said on Monday it was rolling out a fix worldwide to enable its services to recover after an update caused access issues for thousands of users, including those on workplace messaging app Teams.

The company expects the issues to ease within 60 minutes, it said in a tweet

More than 26,000 people had reported issues with Teams, while over 3,000 users posted about problems with Office 365, outage tracking website Downdetector.com showed.

The issues could be affecting users worldwide and were also impacting other services, such as the Exchange Online email hosting platform, the company said.

More than 2,300 people also reported problems with Microsoft’s Azure cloud computing services, Downdetector showed.

Downdetector only tracks outages by collating status reports from a series of sources, including user-submitted errors on its platform. The outage might be affecting a larger number of users.

 3. VOLKSWAGEN :Volkswagen is confident that cost cuts will help it raise profit margins in the coming years, the world’s second-largest carmaker said on Tuesday, a day after outlining an ambitious electric mobility expansion.

“Our good performance in 2020, a year dominated by the crisis, will give us momentum for accelerating our transformation,” Chief Executive Herbert Diess said in a statement.

The comments come a day after Volkswagen unveiled plans to build half a dozen battery cell plants in Europe and expand infrastructure for charging electric vehicles globally, accelerating efforts to overtake Tesla.

Volkswagen said it aimed for an operating margin of 7%-8% in the years after 2021, not specifying an exact year, confirming it would end up at the upper end of a 5%-6.5% target corridor this year.

This will be achieved by 2 billion euros less fixed costs by 2023 compared with 2020, a decline of 5%, as well as a decline of 7% in materials costs over the same period, Volkswagen said.

4.CISCO SYSTEMS: -Cisco Systems Inc. shares closed higher for the seventh consecutive trading session on Monday, their longest winning streak in more than three years.

Shares of the networking-technology company have gained 10.9% during the streak, and hit a 52-week intraday high of $49.44 Monday before closing at $49.41, a daily increase of 1.2%. It is their longest winning streak since they rose for nine consecutive trading days in July of 2017.

The streak began on March 5, which was when JP Morgan  Chase analyst Samik chatterjee  stock from overweight to neutral on his expectation, based on a Gartner forecast, that enterprise information-technology spending is poised to exceed expectations after some companies paused spending last year.

Chatterjee also singled out Cisco’s on-track transformation to subscriptions, as well as what he called the San Jose, Calif.-based company’s “still inexpensive valuation following underperformance to peers.” The competition he mentioned: F5 Networks Inc. , Dell Technologies Inc, Hewlett Packard Enterprise Co. HP Inc. and Xerox Holdings Corp. .

5.ASTRA ZENECA Prosecutors in the northern Italian region of Piedmont said on Monday they had seized a batch of 393,600 shots of the AstraZeneca COVID-19 vaccine following the death of a man hours after he had received a jab.

On Sunday Piedmont’s regional government suspended use of the batch after Sandro Tognetti, a 57-year-old music teacher, fell ill and died in circumstances that have not yet been clarified.

Ireland, Denmark, Norway, and Iceland have suspended the use of the AstraZeneca vaccine following blot-clotting issues, some of them fatal, in people who had used it.

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