Splunk, Goodyear Rise Premarket; Lockheed Martin, Blackstone Fall By

© Reuters.

By Peter Nurse

-- Stocks in focus in premarket trade on Monday, February 14th. Please refresh for updates.

• Lockheed Martin (NYSE:LMT) stock fell 0.6% after the aerospace company scrapped plans to buy rocket engine maker Aerojet Rocketdyne (NYSE:AJRD), down 2%, bowing to pressure from antitrust regulators who had sued to prevent the $4.4 billion deal.

• Blackstone(NYSE:BX) stock fell 2.1% after the private equity giant’s $6.3-billion offer for Crown Resorts was accepted by the Australian casino operator’s board. The price is 11% higher than the initial offer from Blackstone almost a year ago.

• Splunk(NASDAQ:SPLK) stock rose 8.6% after the Wall Street Journal reported that network gear maker Cisco Systems(NASDAQ:CSCO), rose 0.3%, has made a takeover offer worth more than $20 billion for the software maker.

• Glencore(OTC:GLNCY) ADRs fell 0.1%, outperforming the broader market, after the Financial Times reported that activist inventor Bluebell Capital Partners is seeking the spin-off of its coal business, setting the commodities giant on a potential collision course.

• Goodyear(NASDAQ:GT) stock rose 2.6% after JPMorgan upgraded its stance on the tiremaker to ‘overweight’ from ‘neutral’, saying its stock can rebound 45% after its recent selloff went too far.

• JPMorgan Chase(NYSE:JPM) stock fell 0.3% after Jefferies downgraded its stance to ‘hold’ from ‘buy’, saying higher expenses will hold the stock back.

• Intel(NASDAQ:INTC) stock rose 0.1% after Reuters reported that the tech giant’s Mobileye (F:0ME) unit plans to build and deploy self-driving electric shuttles with its partners in the United States in 2024, in a bid to scale up its automated driving system.

• Tyson Foods (NYSE:TSN) stock fell 1.2% after Barclays downgraded its stance on the meat producer to ‘equal weight’ from ‘overweight’, citing limited upside with stock up over 12% already this year.

• Coinbase(NASDAQ:COIN) stock fell 0.2% after a surge in traffic following a Super Bowl advertisement resulted in the crypto exchange's app crashing briefly over the weekend.
• Peloton(NASDAQ:PTON) stock fell 2.1% after CEO Barry McCarthy ruled out a sale of the fitness equipment maker.

Statement: The content of this article does not represent the views of FTI website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!