Tesla, Qualcomm, State Street, Alibaba

↗️ Tesla (TLSA): Shares in the electric carmaker rose nearly 6% in early trading. Morgan Stanley analysts upgraded Tesla’s stock to “buy” from “hold,” citing its efforts to develop an inhouse supercomputer.

↗️ State Street (STT): The bank was one of several to rise Monday, with M&T Bank also climbing. The KBW Nasdaq Bank Index rose 1%, while an index of regional banks inched higher. A number of banks are presenting at a Barclays conference this week.

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