Shares of Hostess Brands Inc. TWNK, +0.86% jumped more than 10% after The Wall Street Journal reported late Sunday that J.M. Smucker Co. SJM, +0.88% is close to a roughly $4 billion deal to acquire the snack maker.
Tesla Inc. TSLA, -1.19% shares rose 5.4% in premarket trading after Morgan Stanley upgraded the electronic-vehicle maker to buy from hold, and lifted its price target to $400 from $250 per share. Analyst Adam Jonas cited an advantageous position of the company via its new machine learning supercomputer, Dojo.
Shares of Oracle Corp. ORCL, +0.98% rose 0.9% ahead of the company’s quarterly earnings report due after Monday’s market close. FactSet consensus calls for per-share earnings of $1.15 on sales of $12.5 billion for Oracle.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: