Yahoo Finance Tesla, Apple, Petrobras Fall Premarket; Wynn Resorts Rises
By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, October 31st. Please refresh for updates.
Tesla (NASDAQ:TSLA) stock fell 1.1% after the Financial Times reported that the electric car maker has been in talks with Glencore (LON:GLEN) over potentially taking a stake in the Swiss commodities group.
Apple (NASDAQ:AAPL) stock fell 0.7% on fears that a Covid outbreak in the region of its key supplier Foxconn’s assembly plant may affect iPhone shipments during the key holiday period.
Caterpillar (NYSE:CAT) stock fell 1.5% after UBS downgraded its stance on the heavy machinery manufacturer to ‘neutral’ from ‘buy’, seeing little upside after its strong earnings.
Credit Suisse (SIX:CSGN) stock rose 2.8% after the Swiss lender unveiled details of its plan to raise 4 billion Swiss francs ($4.01 billion) from investors to boost its balance sheet.
Petrobras (NYSE:PBR) ADRs fell 10% and Vale (NYSE:VALE) ADRs dropped 3% after Brazilian leftist leader Luiz Inacio Lula da Silva narrowly defeated President Jair Bolsonaro in Sunday's presidential election, with investors fretting about potential windfall taxes to pay for his program.
Emerson (NYSE:EMR) Electric stock rose 0.7% after the company said it would sell a majority stake in its climate technologies business to buyout giant Blackstone (NYSE:BX), down 0.1%, in a deal that values the unit at $14 billion.
Thermo Fisher Scientific (NYSE:TMO) stock fell 0.2% after the supplier of scientific instruments said it would buy specialty diagnostics firm The Binding Site Group in an all-cash transaction valued at $2.6 billion.
Wynn Resorts (NASDAQ:WYNN) stock rose 6.4% after a SEC filing showed that investor Tilman Fertitta has taken a 6.1% stake in the resort operator.
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