Cyber Monday Pre-Market Look: Stocks In The News Before The Open

Amazon.com (AMZN), Macy’s (M), Wal-Mart (WMT), Target (TGT), Nordstrom (JWN)— Retail stocks will be on watch Monday as investors react to the latest sales numbers from this past weekend, the traditional kickoff to the holiday shopping season. Current information points to more upbeat numbers for online retailers like Amazon, and less sanguine results for traditional brick-and-mortar retailers.

Boeing (BA) — Boeing is expected to be the target of new World Trade Organization sanctions, according to The Wall Street Journal. The WTO is seen ruling that the aircraft maker was awarded illegal state subsidies for its new 777X jet.

Merck (MRK)— Merck won priority review status from the Food and Drug Administration in its application for a new use for its cancer drug Keytruda.

Walt Disney (DIS) — Disney’s “Moana” topped the Thanksgiving holiday weekend movie box office with $81.1 million in North American ticket sales.

Wells Fargo (WFC) — Wells Fargo has been sued by employees over the mutual funds contained in the bank’s retirement plans. The workers claim that Wells Fargo steered more than $3 billion into expensive funds run by Wells Fargo that underperformed.

Panera Bread (PNRA)— The restaurant chain’s stock was downgraded to “neutral” from “outperform” at Wedbush, although the firm kept the price target at $220. The stock has surged 13.5 percent over the past month.

AT&T (T) — AT&T is unveiling a new streaming service called DirecTV Now today. It will cost $35 per month and offer more than 100 live streaming television channels.

Activision Blizzard (ATVI) — Activision struck a new employment agreement with Chief Executive Officer Bobby Kotick, according to a Securities and Exchange Commission filing. Kotick’s salary will be cut to $1.8 million from $2.4 million as of January 1, but he could make more than $56 million in the video game maker’s shares depending on meeting certain performance targets.

H&R Block (HRB) was downgraded to ‘Sell’ from ‘Hold’ at BTIG LLC with a 12-month target price of $18.

Hilton Worldwide Holdings (HLT) and Marriott International (MAR +0.56%) were both downgraded to ‘Hold’ from ‘Buy’ at Evercore ISI.

Citigroup (C) was downgraded to ‘Hold’ from ‘Buy’ at Jeffries.

Darden Restaurants (DRI) was downgraded to ‘Hold’ from ‘Buy’ at Maxim.

Finisar (FNSR) was upgraded to ‘Strong Buy’ from ‘Buy’ at Needham & Co with a 12-month target price of $42.

ConocoPhillips (COP) was upgraded to ‘Buy’ from ‘Neutral’ at Goldman Sachs with a price target of $54.

Fiat Chrysler Automobiles NV (FCAU) was upgraded to ‘Buy’ from ‘Sell’ at Evercore ISI.

Mentor Graphics (MENT) was downgraded to ‘Neutral’ from ‘Outperform’ at Credit Suisse

Southwestern Energy (SWN) was upgraded to ‘Outperform’ from ‘Market Perform’ at BMO Capital Markets.

Stifel Financial (SF) was downgraded to ‘Neutral’ from ‘Outperform’ at Macquarie Research with a 12-month target price of $51.

Advanced Auto Parts (AAP) was added to the Focus List at JPMorgan Chase.

UDR Inc. (UDR) was upgraded to ‘Buy’ from ‘Hold’ at Evercore ISI with a 12-month target price of $38.

L Brands (LB) was upgraded to ‘Neutral’ from ‘Underweight’ at Piper Jaffray with a 12-month target price of $67.

Source: BarChart, CNBC, Bloomberg, FoxBusiness, Reuters