Monday on Wall Street: Amazon avoids strike, Shopify sees pre-Black Friday boost, and more market news

2023-11-27 14:15:00
Main values ​​to follow Monday on Wall Street, where index futures open down 0.18% for the Dow Jones .DJI, 0.15% for the Standard & Poor’s-500 .SPX and 0 .1% for the Nasdaq: * AMAZON.COM AMZN.O reached an agreement with most of its employees in Spain on Monday, avoiding a strike that could have taken place during one of the busiest days of the year, according to the Spanish union CCOO and the company. Furthermore, the WSJ reports that Amazon has surpassed FedEx and UPS in terms of package volumes delivered. * US-listed SHOPIFY SHOP.N shares rose 4.1% in pre-market trading after the Canadian e-commerce group reported strong sales on Black Friday. * CHOICE HOTELS INTERNATIONAL CHH.N is preparing to appoint directors to the board of directors of its rival WYNDHAM HOTELS & RESORTS WH.N, in order to be able to carry out its $8 billion takeover project, according to people close to the case. * Elliott Investment Management, one of the main shareholders of CROWN CASTLE INTERNATIONAL CCI.N, intends to discuss with the group ways to boost its share price, two people familiar with the matter said on Sunday. The title gained 4.9% before the opening. * CORTEVA CTVA.N – Berenberg lowers its recommendation to “hold” from “buy”. * GE HEALTHCARE TECHNOLOGIES GEHC.O – UBS lowers its recommendation to “sell” from “neutral” and its price target to 66 dollars from 86 dollars. The stock lost 2.7% before the opening. * L3HARRIS TECHNOLOGIES LHX.N announced the sale of its commercial aviation solutions business to private equity group TJC LP for $800 million (€733.47 million). * FOOT LOCKER FL.N – Citigroup lowers its recommendation from “neutral” to “sell”. The stock lost 3.7% before the opening. * MONDELEZ MDLZ.O – RBC raises its recommendation to “outperform” against “sector performance”. The stock gained 1.1% in pre-market trading. (Written by Augustin Turpin, edited by Blandine Hénault and Kate Entringer)
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