Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
Google parent Alphabet (GOOGL) tops our list this morning after news that its self-driving car unit Waymo is teaming up with ride-hailing company Lyft on products and technology for autonomous vehicles. There aren’t a lot of details on the collaboration, but it’s safe to say it’s a blow to Uber’s self-driving car program. Waymo is already battling Uber in court, accusing it of stealing trade secrets.
Tesla (TSLA) shares fell in early trading. Morgan Stanley has turned bearish on the electric carmaker, downgrading the stock to equal-weight from overweight. The investment firm cites increased competition from larger tech companies such as Apple (AAPL), Amazon (AMZN) and Alphabet, and also points out that Model 3 deliveries could be much lower than anticipated this year and next.
We’re also watching shares of United Continental (UAL). The parent company of United airlines is back in the headlines after the carrier said some of its cockpit door security procedures were mistakenly posted online.
And there’s a mega deal in the medical Industry. Pantheon (PTHN) shares surged in early trading after lab equipment maker Thermo Fisher (TMO) said it will buy the drug-development technology company for $5.2 billion. That translates to about $35 a share in cash, a 35% premium based on Pantheon’s closing price on Friday.