Here are some of the stocks the Yahoo Finance team will be tracking for you today.
Amazon (AMZN) and other retailers are on investors’ watch list this Cyber Monday. The e-commerce giant says it’s offering 75,000 deals this week. Last year, Amazon customers bought 54 million items on Cyber Monday—a record-breaking 629 items per second. Amazon expects to top that record this year. Meanwhile, the Wall Street Journal reports that Amazon is preparing for the flood of holiday orders by using technology to reduce the time it takes to train new workers. The paper says Amazon is using touch screens, scanners and robots to get warehouse workers up to speed in as little as two days.
Panera Bread (PNRA) is under pressure in early trading. Wedbush downgraded the stock this morning to neutral from outperform citing valuation. The firm points out that Panera’s shares are trading at a 20% premium to its peers, but it maintained it price target of $220 a share.
Schlumberger (SLB) is grabbing headlines. The Wall Street Journal reports that the oil driller signed a preliminary deal to study an Iranian oil field. The contract would be one of the most prominent signed since Donald Trump won the presidential election. Trump has vowed to undo a nuclear pact that was signed last year with Tehran.
Investors are keeping close tabs on Baker Hughes (BHI) after Barron’s reported over the weekend that shares of the oilfield services company could rise significantly if the merger with General Electric’s oil and gas division is completed—even if we don’t see a big jump in oil prices. Investment firm Evercore believes Baker Hughes shares could rise more than 10% from their closing price on Friday to $69 a share.