Despite the markets falling lower across-the-board Monday, Twitter (TWTR) - Get Twitter Inc. Report , Tesla Motors (TSLA) - Get Tesla Inc. Report and Apple (AAPL) - Get Apple Inc. Report managed to squeeze out gains, with the micro-blogging site capturing much investor attention.
Twitter, which hit a historic one-day record gain on Friday following rumors that Salesforce.com (CRM) - Get Salesforce Inc. Report and others may be interested in buying the social media site, managed to continue to gain today, but it wasn't easy.
The micro-blogging site fell more than 3% in morning trading, after Oppenheimer downgraded the company to underperform from perform, which is considered unusual for the investment bank to issue such a low recommendation, according to a MarketWatch report.
Oppenheimer estimated that Twitter would likely only fetch $17 a share at most in a buyout, which is 22% less than its current market valuation, the report noted. Twitter has been plagued with slow user growth and a perception it lacks a clear vision of how to emerge from its user woes.
But despite the bump its shares suffered earlier in the day, Twitter managed to pull itself out of its dive toward later afternoon trading when Bloomberg reported that the Walt Disney Co. (DIS) - Get The Walt Disney Company Report is working through a financial advisor to look at a potential bid. Microsoft (MSFT) - Get Microsoft Corporation Report is also another potential suitor that has been named to the list, as well.
Twitter closed up 3.3% to end the day at $23.37.
Tesla Motors inched ahead after Global Equities Research issued a report that estimated the high-end electric vehicle car manufacturer is on track to meet its delivery goals for the second half of the year.
The car maker is aiming to deliver 50,000 vehicles through the second half.
"Clearly, our research indicates that Model S and Model X production has ramped up significantly," according to a Global Equities research note.
During the second quarter, Tesla delivered 14,402 cars and Global Equities estimates its on track to do 22,000 in the third quarter.
Tesla closed at $208.99, up 0.74% for the day.
Investors nibbled on Apple which posted a slight gain on the day. Investors showed Apple some love after a KGI analyst raised his estimate on the number of iPhone 7 devices he believes will sell before the end of the year, according an AppleInsider report.
Apple is expected to sell between 70 million to 75 million iPhones during the year, up from KGI's previous estimate of 65 million.
The drivers of the increased sales estimate include less competition from the Samsung Galaxy Note 7, which has suffered from battery fires and a recall, as well as the iPhone 7 Plus' dual-camera, according to AppleInsider report.
Apple ended the day up a mere 0.15% to close at $122.88.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.