Stocks

The Dow Is Sliding, but Tech Data Stock Is Taking Off

Al Root Morning Movers Markets APO DE PCG TECD Apollo Global Management Deere Pacific Gas & Electric Tech Data Electricity/Gas Utilities Computers/Consumer Electronics Trusts/Funds/Financial Vehicles Private Equity Alternative Investments Computing Electric Utilities Financial Services Investing/Securities Technology Utilities Donald Trump Deere Robert Czerwensky Asia Pacific Asia BRICS Countries China Greater China Emerging Market Countries Developing Economies Eastern Asia North America United States Corporate/Industrial News APO I/EGU I/FIS I/IAV I/XFFX I/XHSG M/FCL M/TEC M/UTI N/AIN N/CNW N/DJN N/WER PCG R/ASI R/CH R/FE R/FEO R/NME R/US TECD Barrons.com Barrons Blogs Wires Fortune 500 Hang Seng COMP DJIA Dow Jones Industrial Average FTSE 100 Index Hang Seng Index HK:HSI Nasdaq Composite S&P 500 SPX CODES_REVIEWED Markets Morning Movers author Al Root author|Al Root topicid 8578 name Al Root extractedtext Al Root rank 1 codetype author code al_root nameformat surname_first author Al Root id Al Root barrons_display_brand BARMORMOV barrons_display_brand|BARMORMOV codetype BARRONS_DISPLAY_BRAND canbedisplaybrand true value BARMORMOV source MANUAL status modified name Morning Movers code BARMORMOV barrons_display_subject BARMKTS barrons_display_subject|BARMKTS codetype BARRONS_DISPLAY_SUBJECT canbedisplaysubject true value BARMKTS source MANUAL status modified name Markets code BARMKTS co apolmn co|apolmn country US symbol APO displayname Apollo Global Management why about extractedtext Apollo Global Management source FACTIVA occurs true seoname apollo_global_management orgtype public relevancerange low chartingsymbol STOCK/US/XNYS/APO fcode apolmn fullextractedtext Apollo Global Management ticker APO confidence 100 subcat com relevance 8 significance prominent onlinesignificance prominent name Apollo Global Management confidencerange high exchangeisocode XNYS codetype co code apolmn co pgasel co|pgasel country US symbol PCG displayname PG&E why about extractedtext Pacific Gas & Electric source FACTIVA seoname pg_e orgtype public relevancerange verylow chartingsymbol STOCK/US/XNYS/PCG fcode pgasel fullextractedtext Pacific Gas & Electric ticker PCG confidence 100 subcat com relevance 1 significance prominent onlinesignificance prominent name Pacific Gas & Electric confidencerange high exchangeisocode XNYS codetype co code pgasel co techda co|techda country US symbol TECD displayname Tech Data why about extractedtext Tech Data source FACTIVA occurs true seoname tech_data orgtype public countrycode US relevancerange low chartingsymbol STOCK/US/XNAS/TECD fcode techda fullextractedtext Tech Data ticker TECD confidence 100 subcat com relevance 24 significance prominent onlinesignificance prominent name Tech Data confidencerange high exchange Nasdaq exchangeisocode XNAS codetype co code techda co DEERE co|DEERE symbol DE country US codetype co displayname Deere & extractedtext Deere source MANUAL code de name Deere significance prominent onlinesignificance prominent exchange U.S.: NYSE exchangeisocode XNYS chartingsymbol STOCK/US/XNYS/DE fcode DEERE status modified company TECD company|TECD name Tech Data significance PROMINENT company APO company|APO name Apollo Global Management significance PASSING-MENTION company PCG company|PCG name Pacific Gas & Electric significance PASSING-MENTION company DE company|DE name Deere significance PROMINENT djn APO djn|APO significance prominent onlinesignificance prominent name APO why about source FACTIVA occurs true fcode APO codetype djn code apo djn PCG djn|PCG significance prominent onlinesignificance prominent name PCG why about source FACTIVA fcode PCG codetype djn code pcg djn TECD djn|TECD significance prominent onlinesignificance prominent name TECD why about source FACTIVA occurs true fcode TECD codetype djn code tecd djn I/EGU djn|I/EGU name I/EGU why lineage source FACTIVA fcode I/EGU codetype djn code i_egu djn I/FIS djn|I/FIS name I/FIS why association source FACTIVA fcode I/FIS codetype djn code i_fis djn N/AIN djn|N/AIN name N/AIN why lineage source FACTIVA fcode N/AIN codetype djn code n_ain djn M/FCL djn|M/FCL name M/FCL why lineage source FACTIVA fcode M/FCL codetype djn code m_fcl djn I/IAV djn|I/IAV name I/IAV why lineage source FACTIVA fcode I/IAV codetype djn code i_iav djn M/TEC djn|M/TEC name M/TEC why lineage source FACTIVA fcode M/TEC codetype djn code m_tec djn M/UTI djn|M/UTI name M/UTI why lineage source FACTIVA fcode M/UTI codetype djn code m_uti djn N/CNW djn|N/CNW significance prominent onlinesignificance prominent name N/CNW why about source FACTIVA fcode N/CNW codetype djn code n_cnw djn R/US djn|R/US significance prominent onlinesignificance prominent name R/US why about source FACTIVA fcode R/US codetype djn code r_us djn R/CH djn|R/CH significance prominent onlinesignificance prominent name R/CH why about source FACTIVA fcode R/CH codetype djn code r_ch djn R/ASI djn|R/ASI name R/ASI why lineage source FACTIVA fcode R/ASI codetype djn code r_asi djn R/FE djn|R/FE name R/FE why lineage source FACTIVA fcode R/FE codetype djn code r_fe djn R/FEO djn|R/FEO name R/FEO why lineage source FACTIVA fcode R/FEO codetype djn code r_feo djn R/NME djn|R/NME name R/NME why lineage source FACTIVA fcode R/NME codetype djn code r_nme djn I/XHSG djn|I/XHSG significance prominent onlinesignificance prominent name I/XHSG why about source FACTIVA fcode I/XHSG codetype djn code i_xhsg djn I/XFFX djn|I/XFFX significance prominent onlinesignificance prominent name I/XFFX why about source FACTIVA fcode I/XFFX codetype djn code i_xffx djn N/DJN djn|N/DJN codetype djn value N/DJN source DJN-CONTROL status modified inactivebydefault true name N/DJN code n_djn djn N/WER djn|N/WER codetype djn value N/WER source DJN-CONTROL status modified inactivebydefault true name N/WER code n_wer first_publish_headline The Dow Is Sliding, but Tech Data Stock Is Taking Off first_publish_headline|The Dow Is Sliding, but Tech Data Stock Is Taking Off flow NWREGULAR flow|NWREGULAR codetype FLOW value NWREGULAR source MANUAL status modified name Wires code NWREGULAR flow Barrons.com flow|Barrons.com codetype FLOW value Barrons.com source MANUAL status modified name Barrons.com code online name Online title Product code Barrons.com flow Barrons Blogs flow|Barrons Blogs codetype FLOW value Barrons Blogs title Product source MANUAL status modified name Barrons Blogs code Barrons_Blogs headline The Dow Is Sliding, but Tech Data Stock Is Taking Off headline|The Dow Is Sliding, but Tech Data Stock Is Taking Off id facebook id|facebook news_tab_url https://www.barrons.com/articles/stocks-moving-premarket-tech-data-and-pg-e-51575033122 idx xhsc idx|xhsc significance prominent onlinesignificance prominent name Hang Seng why about source FACTIVA fcode xhsc codetype idx code xhsc idx xf500 idx|xf500 significance prominent onlinesignificance prominent name Fortune 500 why about source FACTIVA fcode xf500 codetype idx code xf500 in i16 in|i16 name Electricity/Gas Utilities why lineage source FACTIVA fcode i16 codetype in code i16 in i3302 in|i3302 name Computers/Consumer Electronics why lineage source FACTIVA fcode i3302 codetype in code i3302 in i81502 in|i81502 name Trusts/Funds/Financial Vehicles why lineage source FACTIVA fcode i81502 codetype in code i81502 in i8150203 in|i8150203 name Private Equity why association source FACTIVA fcode i8150203 codetype in code i8150203 in ialtinv in|ialtinv name Alternative Investments why lineage source FACTIVA fcode ialtinv codetype in code ialtinv in icomp in|icomp name Computing why association source FACTIVA fcode icomp codetype in code icomp in ieutil in|ieutil name Electric Utilities why association source FACTIVA fcode ieutil codetype in code ieutil in ifinal in|ifinal name Financial Services why lineage source FACTIVA fcode ifinal codetype in code ifinal in iinv in|iinv name Investing/Securities why lineage source FACTIVA fcode iinv codetype in code iinv in itech in|itech name Technology why lineage source FACTIVA fcode itech codetype in code itech in iutil in|iutil name Utilities why lineage source FACTIVA fcode iutil codetype in code iutil index Dow Jones Industrial Average index|Dow Jones Industrial Average symbol DJIA country US codetype index displayname Dow Jones Industrial Average extractedtext Dow Jones Industrial Average source MANUAL code djia name Dow Jones Industrial Average significance prominent onlinesignificance prominent exchange Dow Jones Global exchangeisocode DOW JONES GLOBAL chartingsymbol INDEX/US/DOW JONES GLOBAL/DJIA status modified index S&P 500 index|S&P 500 symbol SPX country US codetype index displayname S&P 500 Index extractedtext S&P 500 source MANUAL code spx name S&P 500 significance prominent onlinesignificance prominent exchange S&P US exchangeisocode S&P US chartingsymbol INDEX/US/S&P US/SPX status modified index Nasdaq Composite index|Nasdaq Composite symbol COMP country US codetype index displayname NASDAQ Composite Index extractedtext Nasdaq Composite source MANUAL code comp name Nasdaq Composite significance prominent onlinesignificance prominent exchange U.S.: Nasdaq exchangeisocode XNAS chartingsymbol INDEX/US/XNAS/COMP status modified index Hang Seng Index index|Hang Seng Index symbol HK:HSI country HK codetype index displayname Hang Seng Index extractedtext Hang Seng Index source MANUAL code hk_hsi name Hang Seng Index significance prominent onlinesignificance prominent exchange Hong Kong Exchange exchangeisocode XHKG chartingsymbol INDEX/HK/XHKG/HSI status modified index FTSE 100 Index index|FTSE 100 Index symbol UK:UKX country UK codetype index displayname FTSE 100 Index extractedtext FTSE 100 Index source MANUAL code uk_ukx name FTSE 100 Index significance prominent onlinesignificance passing-mention exchange FTSE UK exchangeisocode FTSE UK chartingsymbol INDEX/UK/FTSE UK/UKX status modified media media-2 media|media-2 responsive layout wrap softcrop Horizontal imphotoid im-126046 location https://images.barrons.com/im-126046/?size=1.5 media media-3 media|media-3 responsive layout inline scope scope web scope mobileapps media media-1 media|media-1 softcrop Horizontal imphotoid im-126046 location https://images.barrons.com/im-126046/?size=1.5 ns ccat ns|ccat significance prominent onlinesignificance prominent name Corporate/Industrial News why about source FACTIVA fcode ccat codetype ns code ccat nwchain SB505336665729998540562045860446526828877301 nwchain|SB505336665729998540562045860446526828877301 pe 509246 pe|509246 visible 1 displayname Donald Trump confidence 90 why occur extractedtext Donald Trump source FACTIVA title President and chief executive officer relevance 57 seoname donald-trump significance passing topicid 159 onlinesignificance passing-mention name Donald Trump confidencerange high topicname Donald Trump relevancerange medium fcode 509246 codetype pe code 509246 nameformat surname_first pe Deere pe|Deere lastname Deere ticker DE displayname Deere name Deere extractedtext Deere source FACTIVA codetype pe code deere nameformat surname_first pe Robert Czerwensky pe|Robert Czerwensky firstname Robert lastname Czerwensky displayname Czerwensky, Robert name Robert Czerwensky extractedtext Robert Czerwensky source FACTIVA codetype pe code robert_czerwensky nameformat surname_first re usa re|usa significance prominent onlinesignificance prominent name United States why about source FACTIVA subcat cntry fcode usa codetype re code usa re china re|china significance prominent onlinesignificance prominent name China why about source FACTIVA subcat cntry fcode china codetype re code china re apacz re|apacz name Asia Pacific why lineage source FACTIVA subcat snr fcode apacz codetype re code apacz re asiaz re|asiaz name Asia why lineage source FACTIVA subcat snr fcode asiaz codetype re code asiaz re bric re|bric name BRICS Countries why lineage source FACTIVA subcat eco fcode bric codetype re code bric re chinaz re|chinaz name Greater China why lineage source FACTIVA subcat sc fcode chinaz codetype re code chinaz re devgcoz re|devgcoz name Emerging Market Countries why lineage source FACTIVA subcat eco fcode devgcoz codetype re code devgcoz re dvpcoz re|dvpcoz name Developing Economies why lineage source FACTIVA subcat eco fcode dvpcoz codetype re code dvpcoz re easiaz re|easiaz name Eastern Asia why lineage source FACTIVA subcat sc fcode easiaz codetype re code easiaz re namz re|namz name North America why lineage source FACTIVA subcat snr fcode namz codetype re code namz relay SYND relay|SYND name Syndication source EXPANDER value SYND codetype RELAY code synd status modified statistic CODES_REVIEWED statistic|CODES_REVIEWED name CODES_REVIEWED value CODES_REVIEWED codetype STATISTIC code CODES_REVIEWED subject OBIC subject|OBIC description 03|Business|Business in China source EXPANDER value OBIC codetype SUBJECT code obic subject OASI subject|OASI description 03|Business|Business in Asia source EXPANDER value OASI codetype SUBJECT code oasi subject BARMKTS subject|BARMKTS ruleid BARMKTS codetype SUBJECT value BARMKTS selectable true canbedisplaysubject true name Markets title Markets status modified code BARMKTS subject BARMORMOV subject|BARMORMOV ruleid BARMORMOV codetype SUBJECT value BARMORMOV canbedisplaybrand true name Morning Movers title Morning Movers status modified code BARMORMOV wordcount 380 wordcount|380 The Dow Is Sliding, but Tech Data Stock Is Taking Off The Dow Is Sliding, but Tech Data Stock Is Taking Off Stocks Moving Premarket: Tech Data and PG&E

Investors should get set for a holiday hangover. The Dow Jones Industrial Average is poised to open lower for a slow, shortened holiday trading session. The Dow Is Sliding, but Tech Data Stock Is Taking Off

Investors should get set for a holiday hangover. U.S. stocks are poised to open lower for a slow, shortened holiday trading session. https://www.wsj.com/articles/china-protests-new-u-s-law-supporting-hong-kong-but-signals-hope-for-trade-deal-11574948698?mod=searchresults&page=1&pos=11 https://www.barrons.com/articles/is-the-stock-market-open-on-black-friday-51574804285 https://www.marketwatch.com/story/tech-data-shares-jump-12-after-6-billion-buyout-from-apollo-2019-11-29?mod=home-page https://www.barrons.com/articles/deere-offers-grim-guidance-bad-news-for-construction-equipment-51574860140 The Dow Is Sliding, but Tech Data Stock Is Taking Off By Al Root

U.S. stocks are set for a holiday hangover on Friday. Futures on the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite are all off 0.2%.

Some of the red ink can be blamed on geopolitical events. Hong Kong’s Hang Seng Index is down 2% after President Donald Trump signed legislation supporting protesters. China is upset. That could impact a potential trade deal, though The Wall Street Journal reported Chinese negotiators have signaled negotiations are still on track.

For stocks, it’s a slow morning in terms of news. Not a lot of people are around, which will keep a lid on trading volumes. Stock market authorities, obviously, know the day after Thanksgiving is a slow day. U.S. stock markets close at 1 p.m. and bond markets are slated to close at 2 p.m.

Some shares, however, are moving.

Technology-equipment distributor Tech Data (ticker: TECD) stock is up 11.5% on a $145 per share buyout offer from private-equity player Apollo Global Management (APO).

Pacific Gas & Electric (PCG) stock fell about 9% in premarket trading. Shares of the California utility are volatile because the company has already filed for bankruptcy to deal with the liabilities and other fallout from California’s wildfires. Despite the chapter 11 filing, shares are at about $7 each, giving the company a market capitalization of almost $4 billion.

Deere (DE) shares were marginally lower, but could face a deeper loss after the stock caught a downgrade following weak financial guidance offered Wednesday morning. Friday, DZ Bank analyst Robert Czerwensky downgraded shares to the equivalent of Sell. He has a $148 price target for the stock. Deere stock dropped 4.3% to $169.06 after the company reported quarterly results on Wednesday.

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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