(Updated with Tech Stocks, SailPoint Technologies, CureVac, Shopify, Pfizer/Lowe’s, Futures)
PARIS, April 11 (Reuters) – Key stocks to watch on Monday on Wall Street where futures are pointing to a lower open:
* TECHNOLOGY stocks are expected to open lower on rising bond yields on expectations of accelerating inflation and accelerated monetary tightening. APPLE, ALPHABET, AMAZON, MICROSOFT, META and NETFLIX lost 0.8% to 1% in pre-market trading.
* TWITTER announced on Sunday that Elon Musk had rejected a proposal made to him to join the social network’s board of directors after becoming its largest shareholder. In pre-market trading, the stock fell 4%.
* The global e-commerce giant AMAZON on Friday called for a new vote by employees of a New York warehouse that approved the creation of the first union in the group’s history. The management of the company accuses the organization Amazon Labor Union of having influenced the ballot.
* PFIZER has announced the appointment as Chief Financial Officer of David Denton, who currently holds the same position at DIY retailer LOWE’S.
* The cybersecurity group SAILPOINT TECHNOLOGIES announced on Monday its acquisition by the private equity fund Thoma Bravo as part of an operation whose amount is estimated at 6.9 billion dollars (6.33 billion euros). The title jumped 29.5% in pre-market trading.
* APPLE has started production of the iPhone 13 in India, the US group said on Monday, as it seeks to reduce its dependence on the Chinese supply chain.
* WARNER BROS DISCOVERY is due to debut on the Nasdaq on Monday following the completion of the merger between WarnerMedia, which combines AT&T’s media businesses, and Discovery. JP Morgan took over the coverage of AT&T to “overweight”, believing that the American group could now refocus on its telecommunications activity.
* GOLDMAN SACHS announced on Monday that it has completed the acquisition of asset manager NN Investment Partners from NN Group for 1.7 billion euros.
* CUREVAC and GSK announced on Monday the signing of a five-year contract with the German government guaranteeing the latter the rapid supply of mRNA vaccines in the event of a public health emergency. In pre-market, CureVac advances by 2.8%.
* SHOPIFY gains 1.3% in pre-market after announcing the division of the nominal value of its share by ten.
* SCHLUMBERGER – Piper Sandler raises her recommendation to “overweight” versus “neutral.” (Laetitia Volga)
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