By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, October 31st. Please refresh for updates.
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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.
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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.
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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.
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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.
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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.
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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.
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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.