Stock index futures were higher on Monday, as Wall Street looked set to start November on a positive note. Here are four stocks to watch on the day:
Kimberly-Clark (KMB) shares plunged over 13% premarket on Monday after the consumer goods company said it will acquire Tylenol-maker Kenvue (KVUE) in a cash and stock transaction. The deal values Kenvue at an enterprise value of approximately $48.7 billion. The transaction is expected to close in the second half of 2026.
Nvidia (NVDA) was up 1.88% before the opening bell, as the company’s most advanced chips will be reserved for U.S. companies and kept out of China and other countries, President Donald Trump said. Trump added that he would not allow the sale of the most advanced Blackwell chips to Chinese companies but suggested they might still be able to access a less powerful version. Separately, Loop Capital put a new Wall Street high $350 price target on the stock. At that price, it would value the Jensen Huang-led company at $8.5T.
Palantir (PLTR) shares will be keenly watched as the firm is set to report third-quarter results after market close. Investors will be looking for updates on its expanding AI partnerships and defense contracts after a strong run driven by demand from government and enterprise clients. Wall Street expects earnings of $0.17 per share (+70.0% Y/Y) on revenue of $1.09B, representing a 50.2% year-over-year increase.
CrowdStrike (CRWD) stock rose 0.6% in premarket trade as Wedbush raised the price target on the company to $600 from $525 and maintained its Outperform rating on the shares. The analysts believe increased market and mind share is happening for CrowdStrike among new and existing customers as the company’s product suite continues to expand across the enterprise landscape over the next 12 to 18 months.