$TSLA
-16.31%
$BG $F +15.46%
$GIS $SAVE -5.81%
$LBRT $MARA $BIIB $CVS $NVDA +5.46%
$ALAB $MPWR $SMCI $WBD MORNING RECAP
• $TSLA +8% pre-market on report of Trump's team prioritizing self-driving vehicle regulations.
• $BG approved $500M more for stock buybacks.
• $F faces recall investigation for 112,567 vehicles due to seat belt issues.
• $GIS prepares for mixed securities offering.
• $SAVE files for bankruptcy due to financial losses.
• $LBRT shares up as Chris Wright, its CEO and fracking advocate, is named Energy Secretary by Trump.
• Trump's efficiency drive to slash federal contractor rates, led by Vivek Ramaswamy and Elon Musk.
• Oil prices decline due to ample global supply and weak demand outlook from China.
• Manulife's CEO Roy Gori to retire in May 2025.
• $MARA plans to offer $700M in convertible notes.
• $HOODupgraded to Buy by Needham, target $40.
• Shift4 Payments to join S&P MidCap 400, replacing RCM, effective Nov 20. R1 RCM acquisition by TowerBrook and CD&R set for Nov 19.
• $BIIB downgraded to Hold by Needham with no expected upside in the next year.
• $CVS upgraded to Overweight by Wells Fargo, target price now $66.
• $CVS to add four new board members including Larry Robbins from Glenview Capital.
• $NVDA faces overheating issues with its Blackwell GPUs in server setups.
• $ALAB gets Buy rating from Citigroup with $120 target.
• $MPWR upgraded to Buy after stock drop.
• $SMCI aims to submit Nasdaq compliance plan.
• $WBD settles NBA lawsuit, extends partnership for 10+ years.
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