By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, October 3rd. Please refresh for updates.
Alphabet (NASDAQ: GOOGL ) stock rose 0.4% after the tech giant shut its Google Translate service in Mainland China, closing one of its few remaining consumer products in the second largest economy in the world.
Credit Suisse (SIX: CSGN ) (NYSE: CS ) stock fell 5.6% after reassurances from the bank's senior management over the weekend failed to calm fears about its stability as the cost of insuring its debt against default exploded.
Tesla (NASDAQ: TSLA ) stock fell 4.8% after the electric car manufacturer announced lower-than-expected deliveries in the third quarter, citing logistical challenges.
Wells Fargo (NYSE: WFC ) stock rose 1.2% after Goldman Sachs upgraded its stance on the banking giant to 'buy' from 'neutral', saying its offer an "underappreciated earnings growth story."
Viasat (NASDAQ: VSAT ) stock rose 12.1% after the Wall Street Journal reported that defense contractor L3Harris Technologies (NYSE: LHX ), down 1.4%, is close to a deal to buy a military communications business from the satellite specialist.
Box (NYSE: BOX ) stock rose 4.1% after Morgan Stanley upgraded its stance on the cloud-based content management provider to 'overweight' from 'equal weight', saying it can surge nearly 40%.
- Myovant Sciences (NYSE: MYOV ) stock soared 33% after the biopharmaceutical company rejected a bid by its largest shareholder, Sumitovant Biopharma, to buy the shares it doesn’t already own, saying the offer significantly undervalues the company.
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.