Stocks to watch today:
Meta Platforms: The Facebook and Instagram parent is planning to begin large-scale layoffs this week, according to people familiar with the matter. Its shares added 3.2% premarket.
Apple: The company warned shipments of its high-end iPhone models would be hindered amid Covid-19 restrictions at one of its major suppliers in China. Its stock slipped 1.1% premarket.
Tweet on trending stocks today
Stocks on alert today:@Meta planning a large-scale layoffs this week,shares added 3.2% premarket.@Apple -shipments hindered amid C-19 restrictions in China.@Palantir -forecast a slowdown in sales growth@Walgreens Boots Alliance-nearing a deal w/Summit Health pic.twitter.com/omBBEZ8P9r
— The_Journalbiz (@the_journalbiz) November 7, 2022
FactSet chart on trending stocks
Palantir Technologies: The data and software company forecast a slowdown in sales growth in the current quarter. Its shares declined 1.8% premarket.
Walgreens Boots Alliance: The drugstore giant’s primary-care-center subsidiary is nearing a deal to combine with Summit Health, the parent company of CityMD urgent-care centers, according to people familiar with the matter. Walgreens shares added 0.2% premarket.
Peabody Energy, Coronado Global Resources: The companies agreed to end discussions over combining to create a new global coal giant valued at about $6 billion. Peabody shares climbed 6.7% premarket.
Digital World Acquisition: Shares in the blank-check company that is trying to merge with Donald Trump’s social-media firm surged premarket, gaining 23%.
*Lyft and Activision Blizzard are among the companies reporting earnings Monday.