(Updated with index futures, Spirit Airlines, Skyworks Solutions, Blackstone, Microsoft, details on Apple, pre-market prices)
PARIS, April 8 (Reuters) –
Main stocks to watch Monday on Wall Street, where futures on the main indices suggest a slightly higher opening for the Dow Jones
(+0.11%), the Standard & Poor’s 500 (+0.12%) and the Nasdaq (+0.16%):
Read also…
* BOEING fell by almost 1% in pre-market trading and SOUTHWEST AIRLINES by 1.2% after the loss of the engine cover of a Boeing 737-800 during takeoff on Sunday in Denver, which triggered the opening of an investigation by the Federal Aviation Administration (FAA), the American aviation authority. Furthermore, Bernstein speaks of a “purgatory situation” as long as Boeing has not resolved some of its problems, which led the intermediary to reduce its price target on the aircraft manufacturer from 240 to 32 dollars.
* SPIRIT AIRLINES announced on Monday that it had reached an agreement with Airbus to postpone its aircraft deliveries planned between the second quarter of 2025 and 2026 and that it intended to lay off around 260 pilots in a context of reducing its costs.
* TAIWAN SEMICONDUCTOR MANUFACTURING (TSMC) – The US Department of Commerce announced on Monday that it would grant the American division of the Taiwanese group a $6.6 billion subsidy for the production of advanced semiconductors in Phoenix, Arizona, as well as a low-cost loan of up to $5 billion. TSMC shares rose 1.4% in pre-market trading.
* TESLA will unveil a “robotaxi” on August 8, announced its general director, Elon Musk, in a message published on X Friday evening. The action gained 1.9% in pre-market trading.
* APPLE – The European Commission said on Monday that it was checking whether an Apple proposal fully responds to its injunction to allow the Swedish group SPOTIFY and other music “streaming” services to inform users of other payment possibilities in outside the App Store. Separately, Apple asked a US appeals court on Friday evening to overturn a court’s decision to ban imports of some of its smartwatch models as part of a patent dispute with MASIMO.
*
MICROSOFT
announced plans to establish a new artificial intelligence (AI) center in London, focused on product development and research.
* BLACKSTONE – The asset manager announced plans on Monday to acquire and delist specialist rental real estate group APARTMENT INCOME REIT, known as AIR Communities, for $10 billion in cash, debt included. The offer represents a premium of approximately 25% compared to Friday’s closing price of Air Communities, whose title logically soared more than 24% in pre-market trading on Monday.
* PARAMOUNT GLOBAL could buy independent studio Skydance Media in a stock transaction valued at around five billion dollars, the Wall Street Journal reported Friday evening.
* WARNER MUSIC GROUP announced on Saturday that it would not submit a purchase offer for Believe after having approached the French digital music group at the end of February.
* BRISTOL MYERS SQUIBB announced on Saturday that results from late-stage studies of its experimental schizophrenia drug showed it helped reduce symptoms of the illness without the common side effect of weight gain linked to other antipsychotics .
* JOHNSON & JOHNSON – The Food and Drug Administration, the health authority in the United States, has authorized the laboratory’s cell therapy, along with that of Bristol Myers Squibb, as early treatment for patients suffering from multiple myeloma, a form of blood cancer.
* The cryptoasset groups COINBASE GLOBAL, MARATHON DIGITAL and MICROSTRATEGY rose from 5.7% to 11.9% in pre-market trading while bitcoin, up 6.8%, hit a three-week high on Monday, at $72,100.
* TAKE-TWO INTERACTIVE SOFTWARE advances 2.1% in pre-market trading, Citi having gone from “neutral” to “buy” on the value due, he says, to the scale of reservations for the “GTA VI” title ” and current trends in mobile video games.
* SKYWORKS SOLUTIONS drops 2.4% in pre-market trading, the Apple supplier having been downgraded by KeyBanc from “overweight” to “online weighting”.
* CONOCOPHILLIPS – Gerdes Energy Research lowers its recommendation from “buy” to “neutral”. (Writing by Claude Chendjou, edited by Kate Entringer)
©2024 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.