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TWTR.NY 3.42%
Twitter Inc – Back on watch this morning trading higher premarket as Elon watch continues, Musk tweeted “Love Me Tender”, an Elvis Presley song, a day after Twitter Inc adopted a “poison pill” to protect itself from the billionaire’s $43 billion cash offer to buy the social media company. After Musk’s TED talk on Thursday, he hinted at the possibility of a hostile bid in which he would bypass Twitter’s board and put the offer directly to its shareholders, tweeting: “It would be utterly indefensible not to put this offer to a shareholder vote”. In another tweet over the weekend, Musk, a self-described “free speech absolutist” who has been critical of Twitter and its policies, replied to a post of his from 2017 where he had asked “How much is it (Twitter)?” with an upside down smiley.

BAC.NY 1.20%
Bank Of America – Reported a fall in first-quarter profit as a slowdown in global deal-making weighed on its investment banking businesses. Big U.S. banks benefited from a deal-making boom last year after the Federal Reserve pumped liquidity into capital markets to mitigate the economic impact of the COVID-19 pandemic. The second-largest U.S. bank by assets released $362 million from its reserves that it had set aside for bad loans. The bank reported a 9% rise in consumer banking revenue to $8.8 billion in the quarter ended March. Profit applicable to common shareholders fell to $6.6 billion, or 80 cents per share, for the quarter ended March 31 from $7.56 billion, or 86 cents per share, a year earlier.

MULN.NQ 1.39%
Mullen Automotive – HIgher after announcing plans to begin EV battery pack production out of its high voltage battery R&D facility located in Monrovia, California. Mullen said it will retrofit its Monrovia facility to accommodate the production of EV battery packs destined for Mullen’s EV vehicle lineup, including the ONE EV Cargo Van, FIVE EV Crossover, and DragonFLY EV Sportscar programs. The company said the undertaking this effort to reduce dependency on third-party suppliers and reduce the risk associated with material and supply shortages, which currently plague the automotive industry.

TSLA.NQ 0.48%
Tesla Inc – Holding below the $1000 level premarket ahead of quarterly results from the company due Wednesday (4/20) after the close. Cathie Wood’s Ark Invest set a PT of $4,600 for Tesla Inc TSLA.O in 2026 – the latest bullish call from the investment management firm implies a 369% upside to stock’s Weds close over the next four years. Separately, the company is preparing to reopen its Shanghai plant after a 3-wk shutdown due to COVID lockdowns.

BBIG.NQ 0.82%
Vinco Ventures – The highly shorted (29%) retail favorite is active premarket after the company report better than expected Q4 and FY21 results.

AAPL.NQ -0.51%
Apple Inc – Bloomberg reporting that shipments of some Apple products, as well as Dell and Lenovo laptops are likely to face delays if China’s COVID-19 lockdowns persist, as curbs force assemblers to shut down and closed-loop arrangements get harder to maintain. Apple supplier Pegatron said this week it would suspend its plants in Shanghai and Kunshan, where according to supply chain experts it produces the iPhone 13, the iPhone SE series, and other legacy models. “Apple may consider transferring the orders from Pegatron to Foxconn, but we expect the volume may be limited due to the logistics issue and the difficulty of equipment adjustment.”

DIDI.NY -18.70%
DiDi Global – The company will hold an extraordinary general meeting (EGM) on May 23 to vote on its delisting plans in the United States, the Chinese ride-hailing giant said in a statement on Saturday. The company also said it will not apply to list its shares on any other stock exchange before the delisting of its American Depositary Shares from the New York Stock Exchange (NYSE) was complete.

NKTR.NQ -20.62%
Nektar Therapeutics – Shares are sharply lower after the company announced it will abandon its main cancer drug trials.

INDO.AM -7.20%
Indonesia Energy Corp – Low Float (1.8m) oil & gas explorer active again premarket after Thursday’s sharp rally. HUSA also on watch, another low float, former runner energy stock.

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