(Updated with index futures, Rivian Automotive, Netflix, Comcast, Charter Communications, Walt Disney, Paramount Global, Roku, pre-market prices)
PARIS, October 6 (Reuters) –
Main stocks to watch Friday on Wall Street, where futures on the main indices suggest an opening higher
0.16% for the Dow Jones, 0.09% for the Standard & Poor’s 500 and 0.13% for the Nasdaq
* TESLA lowered the prices of its Model 3 and Model Y electric vehicles in the United States from 2.7% to 4.2%, a few days after missing the consensus on its third-quarter deliveries. The stock fell 1.1% in pre-market trading, due to fears over the group’s margins, close to a four-year low.
* EXXONMOBIL is in advanced discussions to acquire PIONEER NATURAL RESOURCES in a transaction that could value the Permian Basin shale producer at around $60 billion, sources familiar with the matter reported Thursday. ExxonMobil shares fell 1.6% in pre-market trading, while Pioneer jumped 12.1%.
* NVIDIA, AMD – OpenAI, the company behind ChatGPT, plans to design its own chips for artificial intelligence and is studying possible acquisitions in this direction, Reuters learned from sources familiar with the matter.
* LEVI STRAUSS & CO lowered its turnover and profit forecasts on Thursday evening for the second time this year, after missing the consensus on third quarter sales, due to excessive promotions and a decline in demand from wholesalers in North America. The stock fell 5.3% in after-hours trading.
* RIVIAN AUTOMOTIVE fell 0.5% after a capital increase via a sale of $1.5 billion in convertible green bonds.
* BUNGE – The shareholders of the grain trader and oilseed processor approved on Thursday a proposed merger with the company Viterra, backed by Glencore, which will give rise to a group valued at $34 billion including debt.
* MGM RESORTS INTERNATIONAL said Thursday it anticipated a $100 million impact on its third-quarter results linked to a cyberattack that disrupted its operations last month.
* APPLE, ALPHABET – The CEO of DuckDuckGo said that his discussions with Apple on a contract to integrate its internet search engine had failed because of the billions of dollars that Google, the subsidiary of Alphabet, pays to the group to Apple to be the default service on its smartphones, according to transcripts of a trial targeting the internet giant.
* PAYPAL HOLDINGS has been pursued since Thursday by Californian justice as part of a consumer antitrust trial, with the group suspected of having entered into agreements with online merchants to artificially maintain high transaction fees. Furthermore, TD Cowen began monitoring the value on Friday with “performance in line with the market”.
* NETFLIX, COMCAST, CHARTER COMMUNICATIONS – Bernstein begins monitoring these stocks with “performance in line with the market”.
* BLOCK – TD Cowen begins tracking at “outperform” with a price target of $59.
* WALT DISNEY – Bernstein begins monitoring at “outperformance”.
* PARAMOUNT GLOBAL – Bernstein begins monitoring at “underperformance”.
* ROKU – Seaport Research Partners begins monitoring at “neutral”. (Writing by Claude Chendjou, edited by Kate Entringer)
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