The Boeing 777X plane will take off on January 25, 2020, during its first test flight from its factory in Everett, Washington.
Terray Sylvester | Reuters
Check out the companies that make headlines for trading at noon.
Boeing — After a Boeing 737 airliner crashed in China and boarded 132 people, stock prices fell by about 4%. Chinese civilian airlines have lost contact with flights over Wuzhou, and the number of deaths is currently unknown.
Air Products and Chemicals — After JP Morgan upgraded Air Products and Chemicals from Neutral to Overweight, specialty chemicals inventories increased by almost 1%. JP Morgan said the rough start of the year for this strain has produced discounts compared to rival chemical strains, with the advent of several potential catalysts.
Berkshire Hathaway — Berkshire Hathaway (BRK.A) shares rose 1.9% following news of the acquisition of insurance company Alleghany for $ 11.6 billion in cash, or $ 848.02 per share. The shares of Alleghany, which operates as an independent subsidiary of Nebraska-based conglomerate Omaha, surged 24% in response to the news.
Manchester United — Manchester United shares rose more than 4% after Deutsche Bank upgraded its shares to buy from hold and said it was trading at a discounted price.
General Motors shares fell 2.8% as Morgan Stanley lowered its target price to $ 50 per share and repeated car companies with equal weight. Analysts said they were concerned about inflation and ongoing supply chain disruptions that could affect demand.
Disney — Disney stocks fell 1.9% on Monday. This is because the entertainment company has announced that it will close the Shanghai Disney Resort in the midst of a Covid outbreak in China.
Silvergate Capital — Focused on cryptocurrencies after Bank of America valued stocks as buys and stated that it would provide investors with “an alternative way to gain exposure to the growth of the digital asset ecosystem.” Bank stocks rose 0.6%.
Nielsen Holdings — Nielsen’s stake fell 7.8% after the company, known for its television rating, declined a bid for a $ 9.13 billion takeover bid from a private equity consortium.
Anaplan — Business software company stocks surged more than 27% due to a deal with private equity firm Thomas Bravo. The transaction will buy Anaplan for $ 10.7 billion, or $ 66 per share in cash. According to The Wall Street Journal, Tohma Bravo said it plans to use Anaplan as a platform for further acquisitions.
Tesla shares rebounded by only 1% after Tesla-Jeffreys repeatedly acquired an electric vehicle company, but set a price target of $ 1,400 to $ 1,250 in a “more dangerous macro and geopolitical environment.” Reduced to dollars.
BlackBerry — BlackBerry’s share price rose about 1.2% after RBC upgraded its share price from underperform to sector performance.
Occidental Petroleum, Marathon Oil — Oil prices rose on Monday as negotiations between Russia and Ukraine showed no signs of progress. Occidental and marathon shares each increased by about 7%.
— CNBC’s Hannah Miao, Jesse Pound, and Tanaya Macchel contributed to the report.