U.S. stock futures started the last week of the month falling early Monday.
In premarket trading,
Dow Jones Industrial Average
futures and those on the
S&P 500
were 0.1% lower, while the
Nasdaq Composite
was flat.
These stocks were poised to make moves Monday:
Shares in
Crown Castle
(ticker: CCI) pointed up 4.7% to $108.45 in premarket trading after the owner of wireless towers was the target of renewed activist attention.
Elliott Investment Management has built a stake in excess of $2 billion and The Wall Street Journal reported it plans to engage with the company about ways to boost its shares. The Journal cited people familiar with the matter. Elliott didn’t made much initial impact when it first took a position in
Crown Castle.
Foot Locker
(FL) dropped 3.6% after Citi analysts cut their rating on the shoe retailer to Sell from Neutral.
Lucid Group
(LCID) fell 1.4% after the EV start-up was downgraded to Hold from Buy at Needham.
iRobot
(IRBT) continued to benefit from increased hopes
Amazon
(AMZN) was set to win full EU antitrust approval for its $1.4 billion acquisition. The smart-vacuum-cleaner company’s shares jumped 1.1% in premarket trading.
Mondelez International
(MDLZ) rose 1.1% after the consumer-staples company was upgraded to Outperform from Sector Perform at RBC Capital.
Dish Network
(DISH), the satellite-television provider, was down 0.3% to $3.65 after disappointing earnings earlier in the month sparked downbeat analysts’ commentary. Dish had posted a surprise third-quarter loss and announced the sale of some assets.
Cybersecurity company
Zscaler
(ZS) is scheduled to report fiscal first-quarter earnings after the closing bell Monday. The stock was up 0.3% in premarket trading at around $193.68.
Nvidia
(NVDA) stock gained 0.2% in premarket trading. Shares closed 3% lower on Friday after Reuters reported the chip maker was delaying the launch of one of its new artificial-intelligence chips destined for China until the first quarter of next year.
Reports are expected later in the week from
Salesforce
(CRM),
Intuit
(INTU),
Workday
(WDAY),
Snowflake
(SNOW),
CrowdStrike Holdings
(CRWD),
Splunk
(SPLK),
Hewlett Packard Enterprise
(HPE),
NetApp
(NTAP),
Dollar Tree
(DLTR),
Okta
(OKTA),
Dell Technologies
(DELL),
Marvell Technology
(MRVL),
UiPath
(PATH), and
Kroger
(KR).
Write to Joe Woelfel at [email protected], Rupert Steiner at [email protected] and Emily Dattilo at [email protected]
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