As one of the stocks to watch help AAPL stock trade up and trades at $141.70 as of 12:02 PM EDT.
In premarket trading on Monday, stocks were on the upswing after a decline at the end of last week. Corporate results will take center stage on Wall Street after the market has been fixated on inflation and interest rates for the previous several weeks.
Here are a few stocks to watch on Monday:
Within “a couple of days,” Apple (NASDAQ:AAPL) will probably introduce the most recent update to its iPad Pro tablet lineup. According to a Bloomberg story, this is the case. The tech behemoth, meanwhile, was Morgan Stanley’s top pick.
- Following the release of its Q3 results, Bank of America (NYSE:BAC) saw gains in premarket trade. The bank’s profit line exceeded expectations, helped by higher interest rates and the health of its consumer and international banking divisions. In preparation for a slowing economy, the corporation has increased its contingency for bad debt.
- After the publication of its quarterly report, the Bank of New York Mellon (BK) also increased. Despite the company experiencing reductions in assets under management, the bank exceeded expectations for higher rates.
- Following news that Rupert Murdoch is mulling a merger between News Corp. (NASDAQ:NWS) and Fox (NASDAQ:FOX), News Corp. (NWS) has shown weakness in premarket trading. The rumors are supported by a piece that appeared in the Wall Street Journal on Friday.
- Activist investor reports of interest triggered purchases of software maker Splunk (SPLK). After the WSJ reported that activist investor Starboard Value had acquired a stake in the company, shares increased 10% before the opening bell. The report claims that Starboard has bought less than 5% of SPLK.
See why Morgan Stanley believes that a bear market rally started last week for more information on the present situation of the market.
IT Stocks To Watch As They Emerge From New 52-Week Lows.
Featured Image – Megapixl © Alexeyboldin
Author Jowi Kwasu