Few Pre-Market Stocks In The News on Monday
NetSuite (N) vaulted +20% before Monday’s open ater shareholders endorsed Oracle’s bid for the company
MGM beats Street 3Q forecasts
Hostess Brands (TWNK) was rated a new ‘Buy’ at SunTrust with a price target of $15
Berkshire Hathaway (BRK) reported Q3 operating EPS of $2,961, missing the Street’s estimate of $3,058, though revenue beat estimates
Knoll Capital reported a 6.1% passive stake in Abeona Therapeutics (ABEO)
Total System Services (TSS) is down -1% before Monday’s open after the company said it is in talks with the FTC on a potential settlement over certain marketing practices with its NetSpend unit that was investigated by the FTC.
Earthlink — Telecom equipment company Windstream is buying its rival in an all-stock transaction valued at about $1.1 billion, including debt.
Chipotle Mexican Grill (CMG) — Chipotle and activist investor Bill Ackman entered a confidentiality pact, according to Reuters, agreeing to discuss possible changes at the restaurant chain
HSBC — HSBC said the retail banking profits in the U.K. would be “challenging” for the next year, and also reported a jump in its capital levels to 13.9 percent.
Toyota — (TM) is considering mass production of electric vehicles by 2020, according to Japan’s Nikkei newspaper… The Nikkei said a move like this would be a significant reversal of strategy for the automaker.
Baidu — Baidu executive Li Mingyuan resigned after an internal probe found conflicts of interest. Mingyuan had been seen as a potential success to CEO Robin Li at the China-based search engine company.
Alphabet — The Google parent’s venture capital arm disclosed an investment in Snapchat, although it did not provide any details.
ON Semiconductor (ON)— The company reported adjusted quarterly profit of $0.08 per share, a third of the 24 cent consensus estimate, while revenue also missed estimates. The chipmaker said its outlook has improved following the completion of its deal to buy Fairchild Semiconductor.
Volkswagen — The automaker’s Audi unit is the target of yet another cheating probe, according to Dow Jones, which reports that California regulators recently discovered software in some Audi models that allows carts to evade emission testing standards.
Sotheby’s — (BID) The auction house lost 78 cents per share for its latest quarter, 16 cents a share wider than expected. Revenue was above forecasts in a quarter that Sotheby’s acknowledged that it did not expect to be a good one, although it said it was seeing signs of possible improvement in the overall market.