Morning Movers
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PTON.NQ 34.33%
Peloton Interactive – Reports late Friday suggested the fitness equipment maker has drawn interest from potential buyers including Inc and Nike. AMZN is said to be speaking with advisors about potential deal, according to person familiar with the matter. NKE also evaluating a bid, according to the Financial Times, citing people briefed on the matter, who said considerations are preliminary and NKE has not held talks with PTON. PTON has been under pressure from activist investor Blackwells Capital LLC to remove CEO John Foley and start a sale process. Wedbush analysts also suggesting AAPL could be involved but not confirmed.

TSLA.NQ 0.97%
Tesla Inc – Looking to add to Friday’s gains trading higher, in a filing said it recorded about $101 mln of impairment losses resulting from changes in the value of bitcoin BTC= in 2021, valuing its current position at more than $2b. The company says it gained $128 mln on sales of bitcoin. Separately, discloses new SEC subpoena related to CEO Musk’s prior statement considering taking Tesla private; Another SEC investigation into certain financial data and contracts was closed.

SNAP.NY 0.82%
Snap Inc – Looking to extend a two session, post earnings rally from last week. Snap announced plans this morning to planning to sync its augmented reality (AR) lenses with product catalogs, which will utilize new shopping interface, Lens Product Cards, which will allow purchases to be made.

Airline Stocks – Higher as a group on M&A activity, budget carrier Frontier is buying Spirit Airlines in a $2.9 billion cash-and-stock deal that will create the nation’s fifth largest carrier. Spirit shareholders will receive 1.9126 shares of Frontier plus $2.13 in cash for each existing Spirit share they own. This implies a value of $25.83 per Spirit share at Frontier’s closing stock price of $12.39 on Friday. The deal is valued at $6.6 billion when accounting for the assumption of debt and other liabilities. SAVE, ULCC, UAL, DAL, LUV, AAL

F.NY -0.45%
Ford Motor Co – Trading lower after announcing it will further suspend or cut production at eight of its North American factories due to the global semiconductor shortage. Those changes will be in effect throughout this week. The company is also said to be in talks with China’s CATL to supply batteries for Ontario EV production, sources say – The Logic –

FB.NQ 0.92%
Meta Platforms – Looking to extend gains from Friday’s session this morning, multiple positive analyst moves coming off last week’s huge, post-earnings sell off.

ANGH.NQ 38.62%
Anghami De Inc – Low float, former SPAC, music streaming platform traded under its new symbol for the first time Friday. 7.2m free float.

SNOW.NY 5.02%
Snowflake Inc – Morgan Stanley upgrades the stock to “overweight” from “equal-weight,” saying investors are undervaluing Snowflake’s potential for durability and quality of growth.

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