Good morning traders of the r/StockMarket sub! Here are your pre-market news movers on this Tuesday morning-
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Navistar — Volkswagen is buying a 16.6 percent stake in the truck maker for $256 million and will take two seats on the Navistar board.
TICKER SYMBOL: NAV
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Spectra Energy — The Houston-based company is being bought by Canadian pipeline giant Enbridge in an all-stock deal worth $28 billion. The transaction creates the largest energy infrastructure company in North America.
TICKER SYMBOL: SE
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Cepheid — The molecular diagnostics company is being bought by science and technology provider Danaher for $53 per share, or about $4 billion total including the assumption of debt. Danaher said Cepheid would add to earnings in the first year after the deal is complete.
TICKER SYMBOL: CPHD
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Herbalife — Investor Carl Icahn bought nearly 307,000 more shares on August 31, according to a Securities and Exchange Commission filing, and now holds about 19.6 million shares in the maker of nutritional supplements.
TICKER SYMBOL: HLF
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Monsanto — Germany's Bayer raised its bid for Monsanto to $127.50 per share, up from its prior $125 per share. The agricultural chemical and seeds company said it was having "constructive" discussions with Bayer about a possible deal.
TICKER SYMBOL: MON
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General Motors — The automaker settled the last two of so-called "bellwether" cases over its ignition switch issue. The faulty switches were linked to 124 deaths and 275 injuries.
TICKER SYMBOL: GM
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Liberty Media — Liberty Media is close to a deal to buy a 10 percent to 15 percent stake in racing car series company Formula One, according to the Financial Times. The paper said a final deal is expected to be announced within the next two weeks.
TICKER SYMBOL: LMCA
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General Electric — GE announced deals to acquire two European 3-D printing firms for a total of $1.4 billion. GE's deals appear to have spurred interest on other 3-D printing stocks such as 3D Systems and Stratasys, which are moving higher in premarket trading.
TICKER SYMBOL: GE
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Intel — Intel was upgraded to "buy" from "hold" at Evercore, which notes the chipmaker's underperformance compared to other semiconductor stocks and potential catalysts to improve its financial results.
TICKER SYMBOL: INTC
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Urban Outfitters — Urban Outfitters was added to the "Franchise Picks" list at Jefferies, which said the apparel retailer appears to be ahead of the curve on several trends in the industry including a "retro" trend popularizing fashions from the '90s.
TICKER SYMBOL: URBN
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Gilead Sciences — The drugmaker was upgraded to " buy" from "hold" at Jefferies, citing confidence in the prospects for Gilead's HIV treatments among other factors.
TICKER SYMBOL: GILD
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Barnes & Noble — Barnes & Noble got a positive mention in Barron's, which said the shares are a bargain based on a misperception that the book seller is being badly outflanked by Amazon.com.
TICKER SYMBOL: BKS
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Goodyear Tire — Deutsche Bank upgraded the tire maker's shares to "buy" from "hold," citing earnings growth prospects and increased cash payouts to shareholders, among other factors.
TICKER SYMBOL: GT
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PayPal — The payment services company struck a deal with MasterCard, allowing users to set MasterCard credit or debit cards as a default payment method. In return, MasterCard is dropping a fee that it had been charging PayPal, which has a similar deal in place with Visa.
TICKER SYMBOL: PYPL
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Lockheed Martin — Citi resumed coverage on the defense contractor with a "buy" rating, saying it likes defense stocks in general and most favors ones with revenue and margin expansion on the horizon.
TICKER SYMBOL: LMT
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Mondelez International — JPMorgan Chase rates the snacks maker "overweight," pointing both to the potential as a takeover play as well as a cost savings plan that is running ahead of schedule.
TICKER SYMBOL: MDLZ
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Good trading day to everyone in here on this first trading day of the new & shortened week! :)
Submitted September 06, 2016 at 08:27AM by bigbear0083 http://ift.tt/2c0VaOS
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