Stock index futures were higher before the bell on Monday as investors assessed the implications of the U.S. operation in Venezuela that removed President Nicolás Maduro from Caracas. Here are four stocks to watch on the day:
Novo Nordisk (NVO) was up 2.1% in premarket trade as it launched its recently approved pill version of the blockbuster weight loss treatment, Wegovy, for cash-paying U.S. customers at $149 per month, weeks after its FDA approval in December.
Palo Alto Networks (PANW) stock rose 1% before the opening bell as the firm was reportedly in talks to acquire Israeli cybersecurity startup Koi for about $400M. If the deal goes through, it would mark a swift and lucrative exit for Koi’s investors and founders. The company has raised $48M to date, mainly in a $38M Series A round last September.
Okta (OKTA) shares were up ~2% in premarket trade after the firm approved a share repurchase program to buy back up to $1 billion of its class A common stock. The company said it expects to fund the repurchases with existing cash balances and cash flow from operations.
Twilio (TWLO) stock fell 1.5% before the opening bell as it was downgraded by Piper Sandler on Monday as the investment firm cited concerns about valuation. In addition to the downgrade, analyst James Fish tweaked his price target to $148 from $145.