(Updated with index futures, Amc Entertainment Holdings and Horizon Global forefront prices)
PARIS, January 3 (Reuters) –
Top stocks to watch on Tuesday on Wall Street, where futures on major indices suggest an open higher by
0.39% for the Dow Jones, from
0.45% for the Standard & Poor’s 500 and
0.64% for the Nasdaq for the first session of 2023:
* TESLA fell 3.9% in pre-market after Monday’s announcement of vehicle deliveries by the group below expectations for the fourth quarter. The automaker has also promoted Tom Zhu, the boss of the subsidiary in China, who will now directly oversee assembly plants in the United States, as well as commercial operations in North America and Europe, according to an internal document consulted. by Reuters.
* META, parent company of Facebook, is preparing to announce whether or not it will allow former US President Donald Trump to return to the Facebook and Instagram networks, the Financial Times (FT) reported on Sunday. The group had previously indicated that it would make its decision by January 7 but it could finally come later in the month, according to a source familiar with the matter at the FT.
* MICROSOFT, ACTIVISION BLIZZARD — A judge has set Tuesday for the first preliminary hearing in the case between the Biden administration and Microsoft over the computer group’s bid for video game publisher Activision Blizzard for $69 billion. The American competition policeman blocked this takeover in early December, saying he feared a serious violation of competition.
* Chinese groups listed on Wall Street ALIBABA, JD.COM and PINDUODUO gained 2.5% to 3% in pre-market trading, as investors continued to show optimism about the reopening of the Chinese economy despite further deterioration of the activity measured by the PMIs.
* AMC ENTERTAINMENT HOLDINGS gained 2.9% in pre-market despite the denial of the British cinema operator Cineworld on a possible sale of its assets to the American group.
* HORIZON GLOBAL soared 337.6% to 1.71 dollars after the announcement of its acquisition by the automotive supplier First Brands Group.
* COTY – Piper Sandler raises its recommendation to “overweight” from “neutral”. * MONDELEZ – RBC lowers its recommendation to “performance in line with the sector” against “outperformance”.
* CARLYLE GROUP – KBW lowers its recommendation to “performance in line with the market” against “outperformance”.
* ALLY FINANCIAL: Barclays lowers its recommendation to ‘line weight’ from ‘overweight’. (Written by Blandine Hénault, Laetitia Volga and Claude Chendjou, edited by Sophie Louet)