Tesla, Qualcomm, State Street, Alibaba

↗️ Tesla (TLSA): Shares of the electric car maker rose nearly 6% in early trading. Morgan Stanley analysts upgraded Tesla shares to “buy” from “hold,” citing the company’s efforts to develop an in-house supercomputer.

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