Good morning traders of the r/StockMarket sub! Happy first trading day of Q4! Here are your pre-market news movers on this Monday morning-
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Tesla Motors — The electric car firm said it delivered approximately 24,500 vehicles in the third quarter, a 70 percent year-over-year increase and a new quarterly record for the company. Tesla shares rose more than 4 percent in premarket trading.
STOCK SYMBOL: TSLA
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Janus Capital — The fund management firm is merging with U.K.-based Henderson Global Investors, creating a company with a market value of approximately $6 billion. The new company will be named Janus Global Henderson Investors and will manage more than $320 billion in assets.
STOCK SYMBOL: JNS
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Mylan, Wells Fargo — Hillary Clinton will unveil a plan that would make it easier for consumers to take legal action against "bad corporate actors," citing Wells Fargo and Mylan, a campaign official told Reuters.
STOCK SYMBOL: MYL
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STOCK SYMBOL: WFC
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Accenture — Pacific Crest raised its price target on Accenture shares to $130 from $129, as the firm's "positive commentary abates some concerns on the demand environment, particularly in financial services."
STOCK SYMBOL: ACN
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Freeport McMoRan — Deutsche Bank upgraded Freeport's stock to "buy" from hold, citing an improving balance sheet and upside exposure to copper. Deutsche also raised its price target on the stock to $12.50 from $12.
STOCK SYMBOL: FCX
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Goldcorp — The company's stock was upgraded to "hold" from "sell" at Deutsche Bank, with analysts citing a more balanced risk/reward view. Deutsche also increased its price target on the stock to $16 from $15.
STOCK SYMBOL: GG
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Marathon Oil — Marathon Oil announced the sale of non-operated conventional assets for $235 million. The assets, located in West Texas and New Mexico, averaged about 4,000 of oil equivalent per day in the first half of 2016.
STOCK SYMBOL: MRO
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Deutsche Bank — Politicians in Germany have accused the United States of waging an "economic war" against them as worries over the biggest German lender's future persist. The U.S. Justice Department requested that Deutsche pay $14 billion to settle a mortgage-backed securities mis-selling case.
STOCK SYMBOL: DB
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PTC —PTC lowered slashed its fourth-quarter earnings and revenue expectations, saying it sees both numbers coming "below the low end of our prior guidance" of 36 to 41 cents per share, on $305 million to $310 million in sales. PTC also said it expects restructuring costs to total between $75 million and $80 million for fiscal 2016, above the previous guidance of $50 million to $70 million.
STOCK SYMBOL: PTC
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Wynn Resorts — Wynn's stock rose more than 2 percent in premarket trading following the release of better-than-expected gaming data from Macau. Gambling revenue in Macau rose 7.4 percent year-over-year in September, marking the second straight month of growth after more than two years of decline.
STOCK SYMBOL: WYNN
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Cabela's — Cabela's stock surged more than 14 percent before the bell after Bass Pro Shops announced it was buying the retailer for $65.50 per share.
STOCK SYMBOL: CAB
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Good trading day to everyone in here on this first trading day of October!! :)
Submitted October 03, 2016 at 08:58AM by bigbear0083 http://ift.tt/2dDMDWM
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