Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

Pre-market Movers - Eli Lilley, Boeing in View

Published 01/10/2020, 08:13 AM
Updated 01/10/2020, 08:38 AM
© Reuters.

Investing.com - Wall Street is set to push start higher again Friday, continuing the recent relief rally following the ratcheting down of tensions in the Middle East and the news that the trade deal between the U.S. and China could be signed next week. Investors will be looking closely at the release of the official employment report due before the open, but these companies are also likely to be in focus today.

  • Eli Lilly and Company (NYSE:LLY). The U.S. pharmaceutical company announced early Friday a deal to buy medical dermatology company Dermira in a deal valued at $1.1 billion. Under terms of the deal, Lilly will pay $18.75 in cash for each Dermira (NASDAQ:DERM) share outstanding, a 2.2% premium to Thursday's closing price of $18.34. The deal is expected to close by the end of the first quarter of 2020. Its shares are a touch lower premarket.

  • Boeing Co (NYSE:BA). The aircraft manufacturer remains in the spotlight after releasing a series of internal emails Thursday to the House and Senate committees that have been investigating it in the wake of two crashes by its 737 Max series. The emails can’t have painted the company in a positive light, with employees talking about fooling regulators and questioning the plane’s safety. “This airplane is designed by clowns who in turn are supervised by monkeys,” one unnamed employee wrote.

  • Apple Inc (NASDAQ:AAPL) The tech giant continues to go from strength to strength, posting an-all time high at Thursday’s close after posting record holiday sales in its App Stores. And the shares continue to climb, judging by pre-market moves.
    • 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

  • Six Flags Entertainment (NYSE:SIX). Shares in the theme park operator are sharply lower premarket after it warned of a fourth-quarter revenue shortfall and disclosed "challenges" with the development of parks in China. The company noted a "softer-than-expected season pass and membership sales, primarily in the holiday sales period.”

    Latest comments

    Install Our App
    Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
    Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
    Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
    It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
    Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
    © 2007-2024 - Fusion Media Limited. All Rights Reserved.