Stock index futures were higher on Monday, with Nasdaq futures leading the charge for the big week filled with tech earnings, the Federal Reserve meeting and updates on the U.S.-China trade. Here are four stocks to watch on the day:
KKR (KKR) stock was up 2.3% in premarket trade as the American investment giant has reportedly made a surprise move to be in talks to buy Costa Coffee, one of Britain’s biggest high street hospitality groups. According to the report, KKR is among a few parties in talks with The Coca-Cola Company (NYSE:KO) and its advisers at Lazard, the investment bank, about a deal.
Palantir (PLTR) rose 2.1% before the opening bell as it was set to sign a letter of intent with Poland’s Defense Ministry on Monday. The signing ceremony, scheduled for Oct. 27 in Warsaw, will be attended by Defense Minister and Deputy Prime Minister Władysław Kosiniak-Kamysz.
Keurig Dr Pepper (KDP) was up 9.1% as its reported sales increased 10.7% year-over-year in Q3 to $4.3 billion. On a constant currency basis, sales were up 10.6% for the quarter that ended on September 30, driven by volume/mix growth of 6.4% and favorable net price realization of 4.2%. The beverage company kept its prior outlook for adjusted diluted EPS growth in a high-single-digit range.
Eli Lilly (LLY) was down 0.2% in premarket trade, even as patients with ulcerative colitis who took the company’s Omvoh (mirikizumab) saw significant improvements in bowel urgency frequency in a phase 3 trial. Lilly noted that Omvoh is being evaluated in ulcerative colitis in two combination studies.