By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, October 19th. Please refresh for updates.
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AstraZeneca (NYSE:AZN) ADR rose 0.9% after the Sunday Times reported that a mass rollout of the pharma giant’s Covid vaccine could occur as early as December.
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AMC Entertainment (NYSE:AMC) stock rose 5.3% after the movie theater chain announced that it will resume operations in many theaters in New York state from Friday.
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Tesla (NASDAQ:TSLA) stock rose 1.6% after the electric vehicle maker said it would export China-made Model 3 sedans to more than 10 European countries this month.
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American Airlines (NASDAQ:AAL) stock rose 0.7% after the airline said it is planning to return the Boeing (NYSE:BA) 737 Max to service for passenger flights by the end of the year, if allowed by the Federal Aviation Administration. Boeing stock also rose 1%.
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Philips (NYSE:PHG) ADRs rose 3.4% after the Dutch health technology company reported better-than-expected third-quarter results, helped by increased demand for hospital equipment.
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CVS (NYSE:CVS) stock rose 0.7% after the health-care company said Monday that it’s preparing to hire 15,000 employees to prepare for an expected rise in Covid-19 and flu cases this fall and winter.
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Concho Resources (NYSE:CXO) stock rose 2.9% after ConocoPhillips (NYSE:COP), up 2.3%, agreed to buy the Permian-focused driller for $9.7 billion. That makes it the largest shale M&A deal this year.
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Hertz (NYSE:HTZ) stock rose 6.8%, continuing Friday’s outsized gains after the troubled car rental company announced that it’s set to receive $1.65 billion in financing.
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Halliburton (NYSE:HAL) stock fell 1.2% after the oilfield services provider posted its fourth consecutive quarterly loss as this year's slump in oil prices hit demand for its services.
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Front Yard Residential (NYSE:RESI) stock rose 34% after announcing that it is set to be acquired by Pretium and Ares Management (NYSE:ARES) for $13.50 per share in cash.
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Lennox International (NYSE:LII) stock rose 4.1% after the heating and ventilation company posted a third-quarter profit year over year, as its residential business outweighed challenges in its commercial real estate segments.