Miners, Cruise Lines and Airlines Rise While Energy Stocks Fall in Premarket on US-Iran Deal
Energy shares declined while several major technology names advanced ahead of the open. Fox shares dropped sharply after its announced purchase of Roku.
rediff.comMiners, cruise-line operators and airlines rose in premarket trading Monday following the US-Iran deal, while energy stocks declined, @zerohedge reported. 8 percent in premarket trading. 7 percent.
1 percent after Jefferies raised its recommendation on the defense technology company to buy from hold. Jefferies cited revenue upside from defense demand as the reason for the upgrade. 1 percent after Citi analyst Ariel Rosa lowered the recommendation to sell from neutral.
Ariel Rosa stated that optimism about the trucking industry appears reflected in sector valuations. Roku Inc. 5 percent after Fox Corp. agreed to buy the company for $160 per share in cash and stock.
Fox shares fell 13 percent following the announced acquisition. SpaceX shares jumped 6 percent after its debut Friday made it one of the world’s most valuable public companies.
