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TWTR.NY 0.25%
Twitter Inc – Among the most active stocks premarket again this morning following yesterday’s announcement that Elon Musk will take the social media platform private in a $44b deal. The company has already announced it has temporarily banned product changes to prevent employees ‘going rogue’ after Musk deal was agreed to. Shareholders will receive $54.20 in cash for each share of the company held, the deal is expected to close before the end of the year.

F.NY 1.19%
Ford Motor Co – Higher premarket after announcing full production of the F150 Lightning has officially begun at its Rouge EV Center within the company’s Rouge complex.

UPS.NY 1.77%
United Parcel Service – Reported better-than-expected quarterly earnings as the parcel delivery company raised prices to cash in on a boom in the e-commerce industry. UPS posted first-quarter adjusted earnings of $3.05 per share, compared with average analysts’ expectations of $2.88 per share, according to Refinitiv data. The delivery company reaffirmed its full-year revenue forecast of about $102 billion. It expects consolidated adjusted operating margin of about 13.7% and adjusted return on invested capital above 30%. UPS posted quarterly revenue of $24.4 billion, beating analysts’ expectations of $23.78 billion, according to IBES data from Refinitv. Revenue from its domestic segment rose 7.7% to $15.1 billion. UPS said it planned to double its share buyback in 2022, taking the target to $2 billion for the year.

GE.NY -3.32%
GE Co – Trading lower after saying it now expects its full-year earnings at the lower end of its previous forecast, amid inflation and supply chain challenges. Previously the company had forecast adj. EPS for the year to be between $2.80 and $3.50.

PEP.NQ -0.48%
Pepsico – Low volume premarket even as the company beat estimates for quarterly revenue on Tuesday and raised its full-year forecast on steady demand for its sodas and snacks even in the face of several rounds of price increases. Pepsico’s net revenue rose 9.3 per cent to $16.20 billion in the first quarter ended March 19, also helped by the lifting of COVID-19 capacity restrictions in public places such as restaurants and theaters where Pepsi cola is sold. That beat analysts’ revenue estimates of $15.54 billion, according to IBES data from Refinitiv. However, the company trimmed its full-year core earnings per share forecast to $6.63 from $6.67 due to the impact of a stronger U.S. dollar.

Chip Makers – Remain on watch after leading yesterday’s late rally, both AMD and NVDA are set to release quarterly results over the next two weeks and remain at or near attractive buying levels. CS resumed coverage of NVDA this morning at “Outperform” with a $400 PT. AMD, NVDA, INTC, MU, AMAT

GMDA.NQ 30.14%
Gamida Cell Ltd – Announced FDA clearance of IND and Removal of Clinical Hold for its NK Cell Therapy Candidate GDA-201.

MTCH.NQ -0.24%
Match Group – The dating platform was cut by $30 to $135 by J.P. Morgan ahead of Q1 earnings next week. Trims FY22 estimates due to foreign exchange, Russia, macro and Asia pandemic headwinds, with some offset from what brokerage believes was a strong reopening post Omicron in U.S. and western Europe. Separately there were rumors circulating yesterday suggesting FB was looking into the company.

AVDL.NQ 35.39%
Avadel Pharmaceuticals – The company said “it is not aware of any new information, including regarding the ongoing review of the FT218 NDA, that caused yesterday’s share price movement and brief trading halt,” said Greg Divis, Chief Executive Officer of Avadel Pharmaceuticals. “We are advancing our launch preparations, and look forward to bringing this important treatment to people with narcolepsy.”

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