Boeing and Novo Nordisk Stocks Make Moves
Stock futures are indicating a lower opening on Monday as investors brace themselves for a week filled with U.S. inflation readings and the potential threat of another government shutdown.
Here are some notable stock movements to keep an eye on today:
Shares of Boeing (BA) are up 3.1% following a report from Bloomberg, suggesting that the Chinese government might lift a commercial freeze on the plane maker's 737 MAX jet. The potential move could take place later this week during the APEC Summit in San Francisco, where President Joe Biden and China's President Xi Jinping are expected to meet. Additionally, it has been reported that Boeing is closing in on a significant order for its 777X widebody model from Emirates.
Novo Nordisk (NVO)
U.S.-listed shares of Novo Nordisk (NVO) have risen 0.7% after positive data from a large international clinical trial. The trial revealed that the company's weight-loss drug, Wegovy, has the potential to reduce the risk of heart attacks, strokes, and cardiovascular deaths by 20% in people without diabetes.
StoneCo Reports Strong Earnings
Shares of StoneCo (STNE), a Brazilian financial services company, have surged by 6.3% following the release of their third-quarter earnings report. The company's earnings more than doubled, outperforming expectations.
Earnings Reports to Watch Out For
Today, investors can anticipate earnings reports from Tyson Foods (TSN) and Monday.com (MNDY). Later in the week, reports are expected from prominent companies, including Walmart (WMT), Home Depot (HD), Target (TGT), Cisco Systems (CSCO), Palo Alto Networks (PANW), TJX Cos. (TJX), Alibaba (BABA), JD.com (JD), Advance Auto Parts (AAP), and Applied Materials (AMAT).
Our Latest News
The personal computer market, hit by a sales slump, sees a glimmer of hope with an upswing in sales for Acer and Asus.
American Express announces higher revenue and profit in Q3 due to strong cardholder spending. Stock surges 2% in premarket trading.
Hawaiian Electric Industries shares surge as it defends itself against lawsuits accusing it of causing devastating wildfires in Maui. The company clarifies its...