Stocks to Watch Wednesday: Rivian, Spotify, Just Eat -- WSJ

Dow Jones11-13

By Chelsey Dulaney

Rivian Automotive $(RIVN)$: The electric-vehicle startup's shares jumped 14% premarket after its joint venture with Germany's Volkswagen (XE: VOW3) was upsized to $5.8 billion.

Spotify $(SPOT)$: The streaming company posted a third consecutive quarterly profit, as its efforts to control costs pay off. Shares rose 7% in premarket trading.

Just Eat Takeaway.com (UK:JET, NL:TKWY): The food delivery company agreed to sell Grubhub, in a deal that values the business at $650 million, including debt. Just Eat's shares surged over 20% in European trading.

Seven & i (JP:3382): The Japanese owner of 7-Eleven received a buyout proposal from one of its top executives, about a month after Canada's Alimentation Couche-Tard (CA:ATD) made a revised takeover offer. Shares rose 12% in Tokyo.

Siemens Energy (XE:ENR): Shares jumped 16% in Frankfurt after the utility supplier raised its outlook and said its order backlog hit a new record last quarter.

Tencent (HK:700): The Chinese technology giant reported a 47% jump in quarterly profit, fueled by its gaming business.

Cisco Systems $(CSCO)$ is due to report earnings after the closing bell.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

November 13, 2024 05:19 ET (10:19 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n  (END) Dow Jones Newswires\n\n\n  November 13, 2024 05:19 ET (10:19 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483071526"}