BP, First Horizon, Defense Inventory and more

Take a look at some of Primarkt’s biggest drivers:

Berkshire Hathaway (BRK.B) – Berkshire Recorded annual profit in 2021largely through its investment in an Apple (AAPL). Berkshire also repurchased $27 billion of inventory last year, but the pace of buybacks slowed during the fourth quarter. Class B shares of Berkshire fell 1% in the Premarket market.

BP (BP) — BP shares fell 7.1 percent in the primary market after saying will sell its 20% stake In Russia’s state-controlled oil producer Rosneft following the Russian invasion of Ukraine.

first horizon (FHN) – Shares of First Horizon are up 32.3% in pre-market trading after the bank approved its acquisition by Toronto Dominion (TD) in an all-cash deal of $25 per share, or $13.4 billion. This move will help the Toronto Dominion expand its presence in the southeastern part of the United States

Renewable energy (REGI) – The manufacturer of renewable energy fuels has agreed to acquire chevron (CVX) for $61.50 per share, compared to Friday’s close of $43.81. Renewable energy stocks rose 36.5% in the primary market.

Starbucks (SBUX) — Workers at a Starbucks coffee shop in Mesa, Arizona have voted to form a union, becoming the third Starbucks location in the United States to do so. Starbucks fell 1% in pre-market activity.

Zendisk (ZEN) – The operator of the customer service platform has closed its deal to buy parent company SurveyMonkey global moment (MNTV) after Zendesk shareholders rejected the proposed deal on Friday. This follows objections to the all-share deal by activist investor Jana Partners, as well as doubts about the benefits of the deal by Wall Street analysts. Momentum is down 2.4% in the pre-market movement while Zendesk stock is up 0.4%.

Northrop Grumman (No Objection Certificate), Raytheon Technologies (RTX), general dynamics (GD) – These and other defense stocks surged in the primary market in the wake of Russia’s invasion of Ukraine and the European Union’s pledge to spend more on defence. Northrop Grumman added 5%, Raytheon Technologies was up 6% and General Dynamics was up 5.4%.

American Healthcare Trust (HTA) – Healthcare-focused real estate investment trust has agreed to merge with competitor Healthcare real estate (HR) in a transaction with an implied value of $35.08 per share. Healthcare Fund is down 5% in the primary market, while Healthcare Realty is down 9.2%.

Boltgroup (PHM), Toll Brothers (TOL) – Homebuilders received double promotions to “buy” from “underperformers” at Bank of America Securities. The company notes poor performance by home builders in 2022 despite strong earnings and guidance and feels the risk/reward profile is now favourable. PulteGroup stock is up 1.1% in premarket trading, while Toll Brothers added 1%.

Nielsen (NLSN) — The company best known for TV ratings saw its stock rise 7.6% in premarket after reporting adjusted quarterly earnings of 46 cents per share, 10 cents above estimates, and also releasing an optimistic outlook for the full year. The company also announced a $1 billion share buyback program.