(Updated with Google, Rada, Visa/Mastercard, ExxonMobil details)
June 21 (Reuters) – Top stocks to watch on Tuesday on Wall Street where futures are signaling an open up around 1.5% for the Dow Jones, Standard & Poor’s-500 and Nasdaq:
* Growth stocks like MICROSOFT, META PLATFORMS, APPLE, ALPHABET, AMAZON AND TESLA gain 1.4% to 3.1% in trading ahead of Wall Street’s open after the three-day weekend of “Juneteenth “.
* TESLA takes 3% ahead of the market after the announcement by the director general of the electric car manufacturer, Elon Musk, of a reduction in the group’s workforce of around 10% over the next three months. Former Tesla employees have also filed a lawsuit in Texas against the group, claiming that its decision to carry out a “mass dismissal” without notice constitutes a violation of federal laws.
* TWITTER – Elon Musk, who wants to buy the social network, said on Tuesday that there were still unresolved questions in the context of this operation, in particular with regard to spam on the platform and the debt of the group.
* KELLOGG announced on Tuesday that it will split into three independent companies, separating its North American cereal and plant-based food businesses.
* GOOGLE – The French Competition Authority announced on Tuesday that it had accepted the commitments offered by Google in the neighboring rights case and that it was closing the fund procedures opened against the American digital giant in this case.
* EXXONMOBIL – The group announced on Tuesday the signing of a contract with QatarEnergy linked to the expansion project of the Gulf State’s North Field offshore field, the largest liquefied gas project in the world, following agreements signed with TotalEnergies, Eni and ConocoPhillips. Credit Suisse raises its recommendation to “outperform” against “neutral” with a price target raised from 115 to 125 dollars.
* APPLE – More than 100 employees of an Apple store in Townson, Maryland, voted on Saturday in favor of the creation of a union, a first in the sector in the United States for the giant of new technologies.
* INTEL – The American semiconductor manufacturer is claiming 593 million euros in interest from the European Commission five months after the cancellation by European justice of its fine of 1.06 billion euros as part of a antitrust proceedings, shows a notice published on Monday.
* VISA, MASTERCARD – The UK’s Payments Systems Regulator (PSR) will conduct two market studies into the card fees charged by the two companies, which account for 99% of debit and credit card payments in the UK -United.
* BOEING – Air India is in talks with Airbus and Boeing about ordering up to 300 single-aisle jets, sources said on Sunday.
* JETBLUE AIRWAYS, SPIRIT AIRLINES, FRONTIER AIRLINES – Spirit jumped 13% in market preview after Monday’s announcement of an improved JetBlue offer to $33.50 per share (from $31.50/share previously ) on the low-cost airline, also coveted by Frontier Airlines.
* META PLATFORMS – A Moscow court on Monday rejected an appeal by Meta, Facebook’s parent company, against its inclusion by Russian authorities in the list of “extremist organizations”, the TASS news agency reported.
* MONDELEZ announced on Monday its intention to buy energy cereal bar manufacturer Clif Bar & Company for 2.9 billion dollars (2.7 billion euros).
* PFIZER – The French laboratory Valneva announced Monday that Pfizer would acquire 8.1% of its capital for an amount of 90.5 million euros.
* RADA ELECTRONIC INDUSTRIES – DRS, the American electronics unit of Leonardo, has agreed to buy Israeli company RADA Electronic Industries, the Italian defense group said on Tuesday.
* CENTENE – Credit Suisse raises its recommendation to “outperformance” against “neutral” with a price target raised from 86 to 88 dollars.
* AMERICAN TOWER – JP Morgan raises its recommendation to “overweight” against “underweight” with a price target raised from 245 to 285 dollars.
(Written by Olivier Cherfan in Gdansk, edited by Matthieu Protard)