Stock index futures fell on Monday after President Donald Trump imposed a 30% tariff on imports from the European Union and Mexico, while traders braced for a busy week of bank earnings and economic data. Here are four stocks to keep an eye on:
Synopsys (SNPS) shares were up 4.5% in premarket trade as the firm secured Chinese regulatory approval for its $35B acquisition of Ansys. China’s State Administration for Market Regulation cleared the takeover with certain conditions, the agency said in a statement.
Class A shares of CrowdStrike (CRWD) fell 2.8% before the opening bell after Morgan Stanley downgraded the stock to Equal-weight from Overweight. However, the firm raised the price target on the stock to $495 from $490. Analysts led by Keith Weiss said they were “stepping to the sidelines given full valuation after a ~50% run and rising growth expectations.”
Autodesk (ADSK) stock rose 6.8% in premarket trade after the company said it is confident in its plans to drive long-term shareholder value and remain focused on executing its established strategic priorities in cloud, platform, and AI. Separately, reports also suggested that the firm is no longer considering an acquisition of Boston-based software company PTC.
Broadcom (AVGO) shares fell 0.5% before the opening bell as it reportedly cancelled plans to invest in a microchip facility in Spain as discussions with the government have broken down. The U.S. tech giant had announced the investment two years ago but did not disclose how much it would invest.
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- Is CrowdStrike Running Out Of Upside? Reassessing Growth And Margin Risks
- Available Information Indicates That The Merger Between ANSYS And Synopsys Will Proceed As Planned
- Synopsys Cleared For China Sales, But Not For This Valuation
- Autodesk drops potential plans to acquire PTC – report
- CrowdStrike dips after Morgan Stanley downgrades on valuation