By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, November 1st. Please refresh for updates.
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Coca-Cola (NYSE:KO) stock fell 0.1% after the Wall Street Journal reported that the soft drinks giant will spend $5.6 billion to raise its stake in sport drink-maker BodyArmor up to 100% from 30% currently. It's Coke's biggest ever brand acquisition.
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Barclays (LON:BARC) ADRs fell 1.5% after Jes Staley, the CEO of the U.K. bank, resigned following a probe by British regulators into his ties with convicted sex offender Jeffrey Epstein.
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American Airlines (NASDAQ:AAL) stock fell 0.1% after the airline cancelled more than 1,900 flights over the weekend, hit by severe wind gusts at its busy Dallas-Fort Worth hub. Lack of pilots and flight attendants at the right places also aggravated the problem.
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Tesla (NASDAQ:TSLA) stock rose 2.7% after the electric car maker signed a deal with Ganfeng, the world's top lithium company by market capitalisation, to supply battery-grade lithium products. A fan site also reported that the outlook for deliveries in the current quarter looked rock-solid, as a photo of its Shanghai factory showed a lot full of newly-finished cars.
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Roblox (NYSE:RBLX) stock rose 0.8% after the online games platform restored its services, ending a three-day outage. Company statements suggested that there had been no breach of data confidentiality.
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Newell Brands (NASDAQ:NWL) stock rose 4.5% after JPMorgan (NYSE:JPM) upgraded its investment stance on the consumer products manufacturer to ‘outperform’ from ‘neutral’, saying its turnaround plan is working.
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TripAdvisor (NASDAQ:TRIP) stock fell 2.4% after Barclays downgraded its recommendation to ‘underweight’ all the way from ‘overweight’, citing the slow recovery of the travel industry from the pandemic hit.
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Harley-Davidson (NYSE:HOG) stock rose 8% after the European Union lifted tariffs on the company’s iconic motorcycles as part of a deal that ended a dispute over steel and aluminum tariffs.
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AMC Entertainment (NYSE:AMC) stock rose 2% after the theater chain confirmed that its October admissions revenues, both in the U.S. and internationally, were the highest since the pandemic hit.
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Trivago (NASDAQ:TRVG) stock rose 6.1% after the travel services company reported an unexpected profit and better-than-expected revenue as pandemic restrictions eased.
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Xpeng (NYSE:XPEV) stock rose 4.1% after the Chinese electric car maker delivered more than 10,000 cars in October, more than triple the number in the same month last year.