U.S. stock futures were mixed on Monday as investors remain on edge amid turmoil in the energy markets. Growing concerns about the impact of China Evergrande’s debt troubles also continue to send jitters in the equity markets.
Dow futures were up 0.33%, S&P futures were up 0.11%, and Nasdaq futures were down 0.21% at the time of writing.
Four Seasons Education (Cayman), Inc. (FEDU), S&W Seed Co. (SANW), and Kintara Therapeutics, Inc. (KTRA) are set to report their quarterly results before the market opens. United Bancorporation of Alabama, Inc. (UBAB), Aytu Biopharma, Inc. (AYTU), and Concentrix Corp. (CNXC) will report after the market closes.
Naked Brand Group, Inc. (NAKD) was the most active stock in the pre-market session with 4.61 million shares changing hands at the time of writing. The increased market activity comes after the company stated it might have found a worthwhile acquisition in the clean technology sector.
Puhui Wealth Investment Management Co. Ltd (PHCF) was the biggest gainer in the pre-market session, jumping 52.24% at the time of writing. It is still unclear what is causing the stock to pop, as no fundamental news has been released.
Sage Holdings (SNTG) was the biggest loser in the pre-market session, dropping 21.18% at the time of writing. It is still unclear what caused the stock to sink, as no fundamental news has been released to justify the drop.
In M&A news, Vertex, Inc. (VERX) has confirmed the acquisition of LCR-Dixon Corporation. With the acquisition, the company gains access to an expert in SAP technologies and a provider of transactions tax automation services and solutions. LCR-Dixon offers SAP tax reporting solutions and SAP data management tools. The tools are commonly used to simplify tax complexities in the SAP environment.
Meanwhile, The Middleby Corp. (MIDD) has acquired specialty cooking products maker Imperial Commercial Cooking Equipment. The acquisition is part of the company’s push to expand its current brand portfolio. Additionally, the acquisition should expand its footprint into the west coast and provide broader capabilities and support.
Tesla, Inc. (TSLA) has released the Full Self Driving Beta program. The automaker has approved the new feature for cautious drivers who have passed the Safety Score eligibility criteria. The new feature is loaded upon a driver’s request. Those approved will have to agree to certain terms and conditions.
Viavi Solutions, Inc. (VIAV) has priced its $400 million 3.750% senior unsecured notes due in 2029. The notes are guaranteed by domestic restricted subsidiaries of the company and will be paid semi-annually on April 1 and October 1 each year. The company expects net proceeds of about $393 million.
Tesla’s (TSLA) factory in Shanghai, China, is on course to deliver 300,000 cars in the first nine months of the year. Citing sources’ knowledge of the matter, Reuters reports that the factory achieved the milestone amid the global semiconductor shortage. The factory is believed to have delivered 240,000 vehicles in the first eight months of the year.
