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Travel Stocks – Led by the Cruise Operators trading lower in the premarket, following the European travel and leisure sectors all fell Monday on worries that the fast-spreading Delta variant could hamper travel demand and slow the ongoing global economic recovery. On Friday, public health officials said U.S. coronavirus cases were up 70% over the previous week, with deaths up 26%. Cruise operators, however, have been pushing ahead with their plans to continue to sail from U.S. ports, with their vessels carrying mainly only vaccinated guests. Cruise stocks down 15% to 21% this month each and on course for their worst month since March 2020. CCL, RCL, NCLH, UAL, AAL, DAL, LUV, SAVE

XELA.NQ -4.89%
Exela Technologies – Led the “meme” stocks Friday in volume traded despite reversing early gains to end the week little changed, the business process automation company said NYSE Arca launched options trading in its stock. Trading volume swelled to 133.7 million shares, already well above the full-day average of about 110.2 million shares over the past 30 days.

AMC.NY -6.61%
AMC Entertainment – The unwinding continues, trading down another 4% premarket. Coming off its worst performing week since early June the stock fell more than 25% on the week and is set to open just above the key $32 support level.

Big Banks – Among early decliners this morning tracking continued losses in U.S. Treasury yields as rising COVID-19 cases dent expectations of economic growth in 2021. Goldman Sachs, Bank of America, Morgan Stanley, JPMorgan, Wells Fargo and Citigroup are all set to drop between 1.5% and 2.5%. The U.S. 10-year Treasury yield slipped to a five-month low as the rapid spread of the Delta COVID-19 variant spurs a rush to safety. JPM, GS, WFC, MS, BAC, C

SPCE.NY -6.59%
Virgin Galactic Holdings – 1 day before Jeff Bezos’s Blue Origin Rocket is scheduled to liftoff with the billionaire on board, the company announced it has been cleared for tomorrow’s takeoff. Virgin shares continue to slide meanwhile extending last week’s nearly 50% tumble by another 6% premarket.

ZM.NQ -1.15%
Zoom Video Communications – Announced a $14.7 billion all-stock deal to buy cloud-based call center operator Five9 Inc, its largest-ever acquisition, as competition intensifies in its core videoconferencing sector. Analysts appear to like the deal, J.P.Morgan says deal will make a “formidable force” but expects pushback on the price “only coming” at about 13% premium to Friday’s close, Piper Sandler out this morning saying the deal is sensible over the long-term, which brokerage says will make the “new Zoom” even stronger in the sector.

NIO.NY -3.62%
NIO Inc – Along with fellow U.S.-listed names, Chinese stocks are sharply lower premarket on renewed fears of anti-monopoly action from that country’s government against major technology firms. Ridesharing app Didi Global DIDI.N, which was taken down in China less than a week after its IPO, is down more than 3%.

AEHR.NQ -3.82%
AEHR Test Systems – Higher for the third straight session after announcing it has received a $10.8 Million Order for Production Test and Burn-in of Silicon Carbide Power Semiconductors for Electric Vehicles.

NRXP.NQ 71.36%
NRX Pharmaceuticals – The drug developer shares are up after the company said its drug Zyesami helped prevent cytokine storm in patients with COVID-19 in a mid-to-late stage study. Cytokine storm describes a phenomenon in which the immune system goes into overdrive; it has been linked with severe cases of COVID-19.

RCAT.NQ -38.31%
Red Cat Holdings – Announced pricing of a public offering, the company will sell 13,333,334 shares at $4.50/share.

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