Business

Coles, FactSet, Alibaba, etc.

Check out the companies that make headlines before the bell:

Coles (KSS) – Retailers’ stock prices rose 2.8% in front of the market following news that activist investor Engine Capital is urging Kohl’s to consider selling the company or separating its e-commerce business. Engine Capital owns approximately 1% of Cole’s stake.

GCP Applied Technologies (GCP) – Manufacturers of specialty construction chemicals have agreed to be acquired by French construction company Saint-Gobain for $ 32 per share, or about $ 32 billion. GCP surged 13.3% in pre-market transactions.

FactSet Research (FDS) – The financial information provider will participate in the S & P 500 prior to the market opening on December 20th. Signature bank (SBNY) and Solar Edge Technologies (SEDG).They will be replaced Legget & Pratt (legs), Hanesbrands (HBI), and Western Union (WU), this all moves to S & P Medium Cap 400.

Alibaba (BABA) – China-based e-commerce giant announces reorganization of e-commerce team and confirms stock gains of 1% in pre-market actions after being appointed as new chief financial officer Did.

MicroStrategy (MSTR) – MicroStrategy fell 7.9% in front of the market after Bitcoin prices fell over the weekend. Business analytics software companies have billions of dollars in Bitcoin on their balance sheets.

Lucido Group (LCID) – Electric vehicle maker stocks fell 14.7% in pre-market transactions after receiving a subpoena from the Securities and Exchange Commission. Lucido said the subpoena requested documents related to the SPAC merger agreement with Churchill Capital Corporation.

Spirit Airlines (Save) – Spirit rose 1.9% in the premarket after Evercore upgraded airline inventory from “inline” to “outperform.”

Wells Fargo (WFC) – This bank was named “Top Pick” by Morgan Stanley. It states that fast interest rate hikes will benefit the banking sector, and Omicron’s Covid-19 variant will only push a quarter of the recovery. Wells Fargo shares were added 1.3% before launch.

Boston beer (SAM) – Brewery inventories increased 1.2% in premarket action after Cohen upgraded from “Underperform” to “MarketPerform”. Cohen has been paying attention to the decline in stock prices since August, but said there were signs of stability and that negative earnings corrections were reflected in stock prices.

Electronic Arts (EA) – Video game makers rose 1.6% in pre-market transactions after Citi upgraded its shares from “neutral” to “buy”. Citi said a recent slide shows an opportunity to buy, despite concerns about factors such as the weakness of EA’s Battlefield 2042 title.

Nvidia (NVDA) – Graphics chip maker inventories fell 4.3% pre-marketing as they addressed ongoing obstacles to the acquisition plan of UK chip maker ARM. EU antitrust regulators have stopped investigating the transaction as they are waiting for more information, and last week the US FTC urged the transaction to be blocked.

Coles, FactSet, Alibaba, etc.

Source link Coles, FactSet, Alibaba, etc.

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