Stocks to Watch: BAT, Palantir Technologies, Verizon

Dow Jones17:47

British American Tobacco (UK: BATS): The tobacco giant and maker of Dunhill cigarettes saw its London-listed shares drop more than 1% after it announced plans to cut 5,500 jobs and outsource a further 3,500 roles.

Palantir Technologies (PLTR): Shares of the data-analytics company edged up 2% premarket, further recovering from a multi-day losing streak driven by fears about the sustainability of the artificial-intelligence rally. Other stocks tied to the AI trade, such as Nvidia Corp (NVDA), Intel Corp $(INTC)$ and Micron Technology $(MU)$, also notched premarket gains.

Samsung Electronics (KR: 005930), SK Hynix (KR: 000660): Shares in the South Korean chipmakers ended the day lower, but pared losses after they committed massive new investments in building chip production facilities in the country.

Verizon Communications $(VZ)$: BT, a London-listed telecommunications operator, said it would form a joint venture with the U.S. telecommunications provider.

Ipsen (FR: IPN): The French drugmaker said it agreed to buy U.S.-based clinical stage biopharmaceutical company Kartos Therapeutics to add to its pipeline of cancer medicines. Its shares rose.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment