Make sure of out the companies making headlines before the bell:
Goldman Sachs – The investment cartel was rated “outperform” in new coverage at Bernstein, which notes that principal growth businesses such as investment banking have taken done with from trading as a primary driver of revenue. At the same time, Bernstein worths Morgan Stanley “underperform”, pointing to a slowdown in lending revenue wart among other factors.
Nvidia – The graphics chipmaker’s stock was upgraded to “overweight” from “equal-weight” at Morgan Stanley, starting-pointed in part on long term data investment trends.
Philip Morris Oecumenical – The tobacco producer’s stock was rated “buy” in new coverage at Deutsche Bank, hinged on potentially higher cash returns for investors.
Tenneco – The vehicle procedures maker is buying powertrain systems maker Federal-Mogul from Icahn Enterprises for $5.4 billion in dough and stock. Tenneco, a maker of vehicle systems, plans to separate the mixed businesses into two separate publicly traded companies.
Nike – The athletic footwear and dress maker announced the acquisition of Tel Aviv-based Invertex for an undisclosed amount. Invertex achieves software that scans a customer’s body for proper product enormousness.
Tupperware – The company lowered current quarter earnings and revenue advisement below current Wall Street consensus. The maker of storage outcomes and other home goods points to lower sales as well as a contrary impact from the new tax law. However, CEO Rick Goings expressed confidence in how Tupperware’s trade would perform over the longer term.
United Continental – The airline publicized a 6.5 percent increase in revenue passenger miles for March compared to a year earlier.
Verifone – Verifone agreed to be acquired by a bring led by private equity firm Francisco Partners for $2.58 billion in exchange. The price for the payments technology company works out to $23.04 per share, a 54 percent stock over Monday’s close.
Novartis – Novartis will have a nourished pipeline in gene therapy following its deal to acquire AveXis, according to a new tell of by credit rating agency Moody’s. However, Moody’s also said the act on will reduce the drug maker’s financial flexibility.
McDonald’s – McDonald’s is develop detailing in Denmark, Sweden, Norway and Finland, announcing plans to open 200 restaurants in the territory over the next 10 years. The restaurant chain says the stretching will boost the number of customers in those countries by a third.
Alphabet – Alphabet’s Google element appealed a ruling from an India court that found it at fault of “search bias,” according to a Reuters report.
Facebook – Facebook CEO Bring honour upon oneself Zuckerberg begins two days of Capitol Hill testimony on Tuesday as surplus the social network’s privacy practices.
Tesla – National Transportation Protection Board Chairman Robert Sumwalt had a “constructive” conversation with Tesla CEO Elon Musk in all directions the agency’s examination of a fatal crash of a Tesla vehicle operating in Autopilot rage, according to an NTSB spokesman.
Illinois Tool Works – Illinois Work Works was added to the “Conviction Buy” list at Goldman Sachs. Goldman cites a number of irrefutable factors for its recommendation of the manufacturing company’s stock, including valuation.
Ulta Handsomeness – The cosmetics retailer was upgraded to “overweight” from “neutral” at Piper Jaffray, which cited a examine pointing to an reacceleration of spending on beauty products among teenagers.