Tesla, Apple, Petrobras Fall Premarket; Wynn Resorts Rises

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, October 31st. Please refresh for updates.

• Tesla (NASDAQ: TSLA) stock fell 1.1% after the Financial Times reported that the electric car maker has been in talks with Glencore (LON:GLEN) over potentially taking a stake in the Swiss commodities group.

• Apple (NASDAQ: AAPL) stock fell 0.7% on fears that a Covid outbreak in the region of its key supplier Foxconn’s assembly plant may affect iPhone shipments during the key holiday period.

• Caterpillar (NYSE: CAT) stock fell 1.5% after UBS downgraded its stance on the heavy machinery manufacturer to ‘neutral’ from ‘buy’, seeing little upside after its strong earnings.

• Credit Suisse (SIX: CSGN) stock rose 2.8% after the Swiss lender unveiled details of its plan to raise 4 billion Swiss francs ($4.01 billion) from investors to boost its balance sheet.

• Petrobras (NYSE: PBR) ADRs fell 10% and Vale (NYSE: VALE) ADRs dropped 3% after Brazilian leftist leader Luiz Inacio Lula da Silva narrowly defeated President Jair Bolsonaro in Sunday's presidential election, with investors fretting about potential windfall taxes to pay for his program.

• Emerson (NYSE: EMR) Electric stock rose 0.7% after the company said it would sell a majority stake in its climate technologies business to buyout giant Blackstone (NYSE: BX), down 0.1%, in a deal that values the unit at $14 billion.

• Thermo Fisher Scientific (NYSE: TMO) stock fell 0.2% after the supplier of scientific instruments said it would buy specialty diagnostics firm The Binding Site Group in an all-cash transaction valued at $2.6 billion.

• Wynn Resorts (NASDAQ: WYNN) stock rose 6.4% after a SEC filing showed that investor Tilman Fertitta has taken a 6.1% stake in the resort operator.

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