Check out the companies making headlines before Bell: Electronic Arts after announcing that a consortium of investors led by Jared Kushner has acquired VideoGame Maker and is now private. Cannabis Strains – The group surged after President Donald Trump posted a video about the true society touting the benefits of cannabinoids for seniors. The Advisorshares Pure US Cannabis ETF (MSOS) is up 22%. Aurora cannabis jumped 14%. Novo Nordisk – US registered stocks of Danish pharmaceutical stocks fell 3.2% after a downgrade from Morgan Stanley’s sub-value to equal weight. Morgan Stanley cited the growing competition in GLP-1 space and other drawback risks. LAM Research – Semiconductor equipment manufacturers rose 3% after Deutsche Bank upgrades purchased from holds. The bank said the LAM research would benefit prospects for improvements in wafer manufacturing equipment and some peer-aligned assessments. Oracle – The database software company has slashed it to almost 1% after questions about AI trades that sent its stock last week. Oracle is away from a drop of 8.2% in the biggest week that ended April 4th slipped almost 9%. Applovin – Stocks rose 2.7% after Morgan Stanley hiked the mobile technology company’s price target from $480 to $750. “The 10/1 app launches self-service tools for non-games. This is a key catalyst for growing the advertising business and proving that it can capitalize on billions of dollars outside of the gaming industry,” the bank said. Boeing – The aircraft manufacturer was built on a 3.6% advance on Friday, adding almost 1%. The move comes after the Federal Aviation Administration has shown it will ease Boeing’s restrictions, which issue airworthiness of around 737 maximum jets. Intel – Chipmakers fell 1.7% and lost some steam after pushing inventory into reduced territory at a large stage. Intel has risen by about 80% this year. It also has a relative strength index of 80. In other words, it is vulnerable to pullbacks. Applied Documents – Stocks rose 1%, revealing that the company has entered a 364-day revolving credit slot at Bank of America worth $2 billion. Wells Fargo – The bank was downgraded to equal weight from overweight by Morgan Stanley. Wells Fargo’s shares were less than 1%. – Reported by CNBC’s Sarah Min, Alex Harring, Fred Imbert and Michelle Fox Theobald.
