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Finally, this morning's news!

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Meta Platforms Postpones Ticker Symbol Change to 1Q 2022
Facebook's parent company Meta Platforms Inc. is pushing back its planned ticker symbol change to the first quarter of 2022, the company said Monday.
Mondelez Adds Former U.N. Ambassador for Food and Agriculture Cousin to Board
Wheat Tumbles as Australian Production Outlook Rises -- Daily Grain Highlights
Top Company News of the Day
Front Month Nymex RBOB Gasoline Rose 2.35% to Settle at $2.0771 -- Data Talk
Front Month Nymex Natural Gas Fell 11.37% to Settle at $4.8540 -- Data Talk
Lam Research on Track for Record High Close -- Data Talk
Unemployment Rate Seen Ticking Down Again -- Data Week Ahead Update
Subscribers: Disregard Monthly European Indexes Data Talks
Biden Says Administration Working With Vaccine Manufacturers on Contingency Plans to Combat New Variant
FTSE 100 Index Ends the Month 1.76% Lower at 7109.95 -- Data Talk
DAX Ends the Month 2.60% Lower at 15280.86 -- Data Talk
CAC 40 Index Ends the Month 0.79% Lower at 6776.25 -- Data Talk
STOXX Europe 50 Index Ends the Month 1.70% Lower at 3625.66 -- Data Talk
EURO STOXX 50 Index Ends the Month 3.32% Lower at 4109.51 -- Data Talk
STOXX Europe 600 Index Ends the Month 1.74% Lower at 467.24 -- Data Talk
FTSE 100 Index Ends 0.94% Higher at 7109.95 -- Data Talk
DAX Ends 0.16% Higher at 15280.86 -- Data Talk
CAC 40 Index Ends 0.54% Higher at 6776.25 -- Data Talk
STOXX Europe 50 Index Ends 0.53% Higher at 3625.66 -- Data Talk
EURO STOXX 50 Index Ends 0.49% Higher at 4109.51 -- Data Talk
STOXX Europe 600 Index Ends 0.69% Higher at 467.24 -- Data Talk
FTSE Closes Higher as It Recovers Some Losses From Black Friday
Texas Factory Production Accelerates in November -- Dallas Fed
Avenue Therapeutics Shares Drop 28% After FDA Meeting Scheduled
Fennec Shares Plunge as Pedmark Appears Headed for FDA Rejection
U.S. Pending Home Sales Rose in October, Beating Expectations -- NAR
NRx Pharma Shares Rise 39% After Completing Zyesami Analysis
Walmart Plans Search for New Finance Chief as Biggs Readies to Leave
MiamiGent Member Level  Monday, 10/04/21 09:26:27 AM
Re: None
Post # of 74011 
Finally, this morning's news!

I am travelling so am not able to do these unless I'm on a laptop. Lot of the time I'm on the run and posting using my phone which does not work for posting this, the stock news. MG

CNBC

U.S. stock futures fell modestly Monday after finishing a rough week with strong rally on the first day of October. The Dow led the way higher Friday, with an advance of 482 points, or 1.4%. The S&P 500 rose 1.2%. The Nasdaq's 0.8% gain broke a five-session losing streak. The tech-heavy index was more than 5.2% away its latest record close on Sept. 7. The S&P 500 was nearly 4% away from its Sept. 2 record close. The Dow was more than 3.6% away from its Aug. 16 record close. (CNBC)

* Cramer's week ahead: Expect profit-taking as investors refocus on earnings (CNBC)

The month of October has a reputation for volatility, but the fourth quarter has mostly been a positive time for the market. Many strategists on Wall Street expect stocks to eclipse their recent highs after a rocky period in October. The S&P 500 has averaged outsized gains of 3.9% in the fourth quarter and was up four out of every five times since World War II, according to CFRA. September was the worst month in 2021. (CNBC)

IN THE NEWS TODAY

Washington must enforce the U.S.-China phase one trade agreement, and it will raise broader policy concerns with Beijing, according to remarks set to be delivered Monday by U.S. Trade Representative Katherine Tai.
CNBC reported last week that the top trade advisor would announce that Beijing has not complied with the phase one deal that was reached under former President Donald Trump's administration. (CNBC)

Indebted developer China Evergrande Group is set to sell part of its stake in its property services unit, the second asset sale in as many weeks as the liquidity-squeezed Chinese real estate giant scrambles to raise cash. In a filing with the Hong Kong exchange, Evergrande said it requested a trading halt ahead of an announcement about a "major transaction." Last week, Evergrande said it will sell a $1.5 billion stake in Shengjing Bank to a state-owned asset management firm. (CNBC)

Frances Haugen, a Facebook whistleblower who brought internal documents detailing the company's research to The Wall Street Journal and Congress, revealed her identity ahead of an interview she gave to the CBS program "60 Minutes," which aired Sunday night. The documents showed Facebook executives had been aware of negative affects of its platforms on some young users. (CNBC)

Shares of Tesla, up close to 10% year to date, rose nearly 3% in the premarket after the company said Saturday it delivered a better-than-expected 241,300 electric vehicles during the third quarter of 2021. In its press release, Tesla acknowledged delivery delays during the quarter, blaming them on "global supply chain and logistics challenges." It also thanked customers for their patience. (CNBC)

Johnson & Johnson (JNJ) Johnson & Johnson is planning to ask the Food and Drug Administration this week to authorize a booster shot for its Covid-19 vaccine, according to The New York Times citing officials familiar with the company's plans.

Moderna (MRNA) and Novavax (NVAX) were under pressure once again. Both Covid vaccine makers saw double-digit percentage losses Friday, following news of Merck's (MRK) successful late-stage trial for its new anti-viral pill. Moderna fell 4% in Monday's premarket. Novavax slid 3.3%. Merck rallied another 2.7% in the premarket following Friday's 8.4% surge.

There's a new king of the pandemic box office. Sony's "Venom: Let There Be Carnage" tallied an estimated $90.1 million in ticket sales domestically over the weekend, the best box office haul since Covid began. Marvel's "Black Widow" was the previous record-holder after snaring $80 million during its July debt. (CNBC)

The biggest lottery prize in months grew larger after no ticket matched all five numbers and the Powerball drawn on Saturday night. The estimated jackpot for the next drawing on Monday night is $670 million. Saturday night's numbers were 28, 38, 42, 47 and 52. The Powerball was 1. (AP)

STOCKS TO WATCH

Hedge fund Engine No. 1 announced its support for General Motors' (GM) goal to have a 100% electric car portfolio by 2035, as well as an investment in the automaker. Engine No. 1 gained prominence earlier this year by successfully placing three climate-focused independent directors on Exxon Mobil's (XOM) board.

Delta Air Lines (DAL) reinstated its original third-quarter revenue forecast, after cutting it a month ago. CEO Ed Bastian said ticket sales stabilized and then improved, and the airline is also expecting 2022 domestic bookings to surpass pre-pandemic levels. Delta will report third-quarter results on October 13.

Sun Life Financial (SLF) struck a deal to buy oral health care provider DentaQuest for $2.47 billion in cash. The transaction is aimed at increasing Sun Life's employee benefits offerings.

Roper Technologies (ROP) is selling its engineering solutions unit TransCore to Singapore Technologies Engineering for $2.68 billion. TransCore focuses on safety solutions for roads, bridges and tunnels.

Amazon (AMZN) released what it is billing as "Black Friday-worthy" deals, nearly eight weeks before the actual Black Friday shopping day. Amazon also announced a program that will allow Prime members to send gifts using just a mobile phone number or email, without having to know the recipient's address.


CONTRIBUTORS

Matthew J. Belvedere
@Matt_Belvedere

Peter Schacknow
@peterschack



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