Cramer says investors should stick with oil firm Pioneer amid acquisition report

Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. 1. Stocks fall on strong jobs report, high bond yields U.S. equities were mainly lower Friday morning, with the S & P 500 down 0.13% following a stronger-than-expected September jobs report . Hiring surged in the U.S.

" Shares of Pioneer soared more than 9% Friday, to $235.44 apiece. 3. Stick with Eli Lilly Bank of America on Friday raised its price target on Club name Eli Lilly to $700 a share, up from $600, while maintaining a buy rating on the stock. The firm is bullish on shares ahead of diabetes treatment Mounjaro's likely U.S. approval in the fourth quarter to treat obesity, along with signs of broader insurance reimbursement for related drugs.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pioneer Natural, Exxon, Tesla, Rivian, Levi Strauss, and More Stock Market MoversA report says Exxon Mobil is close to acquiring Pioneer Natural Resources in a deal that could be worth about $60 billion, Tesla is cutting prices of its...
Source: MarketWatch - 🏆 3. / 97 Read more »

Exxon in advanced talks for $60 billion acquisition of Pioneer - sourcesExxon Mobil (XOM.N) is in advanced talks to acquire Pioneer Natural Resources (PXD.N) in a deal that could value the Permian shale basin producer at about $60 billion, people familiar with the matter said on Thursday.
Source: Reuters - 🏆 2. / 97 Read more »