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Morning Movers: Twitter, AMD Climb; CSX Sinks

Stocks were poised to start the week with gains Monday, on hopes that Republicans will succeed in passing tax reform.

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S&P 500 futures are up 0.4%, Dow Jones Industrial Average Futures are up 0.7%, and Nasdaq futures are up 0.4%.

Amplify Snack Brands (BETR) is up 70% on news that Hershey (HSY), down 0.1%, will acquire the company for s$12 a share.

CSX (CSX) is down 2.2% after the death of its CEO Hunter Harrison this weekend, just after his unexpected medical leave.

Akamai Technologies (AKAM) is up 13% on news that activist hedge fund Elliott Management has taken a 6.5% stake in the company and is urging changes. Credit Suisse also upgraded the shares to

Phillips 66 Partners (PSXP) is up 2.3% after Goldman Sachs upgraded it to Buy.

Twitter (TWTR) is up 4.8% after JPMorgan upgraded it to Overweight.

Advanced Micro Devices (AMD) is up 1.9% after Macquarie upgraded it to Neutral.

VMWare (VMW) is up 1.8% after Keybanc Capital Markets upgraded it to Overweight.

Boston Beer (SAM) is up 1.6% after Berenberg upgraded it to Hold.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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