Please see below Market News for Thursday – 31.12.2020 and today Premarket (Monday – 04.01.2021):

During Market hours Thursday – 31.12.2020:

  • The Dow (Symbol: DIA) went up 0.55%. The S&P 500 (Symbol: SPY) rose 0.51%. The Nasdaq (Symbol: QQQ) also went up 0.25%.
  • Tesla (Symbol: TSLA)  – The automaker rose 1.57% to a new all-time high. The move caps a record year for Tesla, which saw the company report five straight quarters of profit extending back to 2019. The electric automaker was also added to the S&P 500. Shares are up more than 750% for the year.
  • Enphase Energy (Symbol: ENPH)  – Shares gained 1.47% slightly after S&P Dow Jones Indices said the Australia-based energy technology company will replace Tiffany in the S&P 500 benchmark as of Jan. 7. Enphase Energy’s stock has soared more than 560% this year amid heightened interest in solar energy.
  • Western Digital (Symbol: WDC)  – The stock jumped more than 11% as investors piled into the chipmaker into the end of the year. Western Digital has gained more than 21% this month alone, cutting its 2020 losses to about 13%.
  • Tribune Publishing Company  (Symbol: TPCO) — Shares of the Chicago Tribune and New York Daily News owner jumped more than 7% after a securities filing showed that Alden Global Capital made a non-binding offer to buy the company.
  • Celsius Holdings (Symbol: CELH)  — Shares of the beverage company soared more than 13% after S&P Dow Jones Indices announced that the stock would join the S&P SmallCap 600. The change will be effective Jan. 7.

During Premarket hours today – (Monday – 04.01.2021):

  • Magellan Health (Symbol: MGLN) – The managed care company agreed to be acquired by Centene (Symbol: CNC) for $95 per share in cash or $2.2 billion. The deal represents a nearly 15% premium for Magellan shareholders over its most recent closing price. Shares of Magellan jumped more than 12% in premarket trading.
  • FLIR Systems (Symbol: FLIR) – The maker of thermal imaging cameras and sensors will be bought by industrial instruments and software maker Teledyne Technologies (TDY) for about $8 billion in cash and stock. The deal values FLIR at about $56 per share, compared to FLIR’s Thursday close of $43.83. FLIR shares soared 22% in the premarket.
  • Tesla (Symbol: TSLA) – Tesla delivered a record 499,550 vehicles in 2020, but did fall just short of its goal of a half-million deliveries after its U.S. plant was temporarily closed by the Covid-19 outbreak. Tesla had delivered about 367,500 vehicles in 2019. Shares of Tesla were up 2.3% in premarket trading.
  • Brookfield Property Partners (Symbol: BPY) – Brookfield Asset Management (BAM) offered to buy the part of the real estate investment trust that it does not already own for $16.50 per share or stock, or $5.9 billion. Brookfield Property shares leaped 15% in the premarket.
  • AstraZeneca (Symbol: AZN) — Britain began administering doses of the Covid-19 vaccine developed by AstraZeneca and Oxford University, delivering the first dose at Oxford University Hospital. It had rolled out the vaccine made by Pfizer (Symbol: PFE) and BioNTech (Symbol: BNTX) in late 2020. Pfizer shares rose 2.5% in premarket trading.
  • Herbalife (Symbol: HLF) – Investor Carl Icahn sold more than half his stake in the nutrition products maker back to the company and is giving up his firm’s seats on Herbalife’s board. The sale of about $600 million in stock reduces Icahn’s Herbalife stake to about 6% from the prior 16%. Icahn is estimated to have made more than $1 billion on his Herbalife investment. Herbalife’s shares slid 6.3% in the premarket.
  • Nio (Symbol: NIO) – The China-based electric car maker delivered 43,728 vehicles in 2020, more than double 2019 levels. Nio shares rose 3.5% in premarket trading.

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