Here is look at some of the stocks the Yahoo Finance team will be watching for you today.
There's a deal in the life insurance industry. Protective Life (PL) shares rose in early trading after Japan's Dai-ichi Life Insurance confirmed it's buying its U.S. rival in a deal worth $5.7 billion. Japanese companies have been hunting for growth opportunities overseas to offset weakness in their home markets. Japan's aging population poses challenges for industries who rely on a young population to grow.
Tibco Software (TIBX) stock fell before the bell. The company warned that revenue and profit for its second quarter would fall short of analytsts' estimates due to weak sales of its Spotfire analytics platform. Tibco is scheduled to report results on June 19th.
On the earnings front, FuelCell Energy (FCEL) reported a wider-than-expected loss of $0.04 a share on higher operating expenses. Revenue also fell 10% from a year ago, missing estimates. FuelCell’s systems use natural gas or methane to produce electricity.
Tesla (TSLA) is also on investors’ watch list. At the company's shareholder meeting yesterday, CEO Elon Musk said he would stay on as CEO for another four or five years. Musk also said that the location for the company's "gigafactory” will be decided by the end of the year. The company is considering locations in California, Arizona, Nevada, New Mexico and Texas for the plant, which is expected to employ as many as 6,500 people.