Al Root
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APO
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DJIA
Dow Jones Industrial Average
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Al Root
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Al Root
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Morning Movers
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Markets
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apolmn
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APO
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Apollo Global Management
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about
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Apollo Global Management
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true
seoname
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Apollo Global Management
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APO
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com
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8
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Apollo Global Management
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high
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XNYS
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co
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apolmn
co
pgasel
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country
US
symbol
PCG
displayname
PG&E
why
about
extractedtext
Pacific Gas & Electric
source
FACTIVA
seoname
pg_e
orgtype
public
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verylow
chartingsymbol
STOCK/US/XNYS/PCG
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pgasel
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Pacific Gas & Electric
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PCG
confidence
100
subcat
com
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1
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prominent
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Pacific Gas & Electric
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high
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XNYS
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co
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pgasel
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techda
co|techda
country
US
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displayname
Tech Data
why
about
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Tech Data
source
FACTIVA
occurs
true
seoname
tech_data
orgtype
public
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US
relevancerange
low
chartingsymbol
STOCK/US/XNAS/TECD
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Tech Data
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com
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24
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prominent
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Tech Data
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exchange
Nasdaq
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XNAS
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co
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DEERE
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DE
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US
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co
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Deere &
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Deere
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MANUAL
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de
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Deere
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prominent
onlinesignificance
prominent
exchange
U.S.: NYSE
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XNYS
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STOCK/US/XNYS/DE
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DEERE
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modified
company
TECD
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Tech Data
significance
PROMINENT
company
APO
company|APO
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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
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FACTIVA
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I/FIS
codetype
djn
code
i_fis
djn
N/AIN
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name
N/AIN
why
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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
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FACTIVA
fcode
I/IAV
codetype
djn
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i_iav
djn
M/TEC
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M/TEC
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lineage
source
FACTIVA
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M/TEC
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djn
code
m_tec
djn
M/UTI
djn|M/UTI
name
M/UTI
why
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FACTIVA
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M/UTI
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m_uti
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N/CNW
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N/CNW
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about
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FACTIVA
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N/CNW
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n_cnw
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R/US
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prominent
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prominent
name
R/US
why
about
source
FACTIVA
fcode
R/US
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r_us
djn
R/CH
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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
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FACTIVA
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R/FE
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djn
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r_fe
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R/FEO
djn|R/FEO
name
R/FEO
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FACTIVA
fcode
R/FEO
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r_feo
djn
R/NME
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name
R/NME
why
lineage
source
FACTIVA
fcode
R/NME
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djn
code
r_nme
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I/XHSG
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prominent
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prominent
name
I/XHSG
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about
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FACTIVA
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I/XHSG
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i_xhsg
djn
I/XFFX
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prominent
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prominent
name
I/XFFX
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about
source
FACTIVA
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I/XFFX
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i_xffx
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N/DJN
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DJN-CONTROL
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inactivebydefault
true
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N/WER
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DJN-CONTROL
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The Dow Is Sliding, but Tech Data Stock Is Taking Off
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NWREGULAR
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NWREGULAR
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Barrons.com
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Barrons.com
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MANUAL
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Barrons.com
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online
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Online
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Product
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Barrons.com
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Barrons Blogs
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Barrons Blogs
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Product
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Barrons Blogs
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The Dow Is Sliding, but Tech Data Stock Is Taking Off
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facebook
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xhsc
idx|xhsc
significance
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onlinesignificance
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about
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FACTIVA
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codetype
idx
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xhsc
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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
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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
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modified
index
S&P 500
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SPX
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US
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index
displayname
S&P 500 Index
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S&P 500
source
MANUAL
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spx
name
S&P 500
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prominent
onlinesignificance
prominent
exchange
S&P US
exchangeisocode
S&P US
chartingsymbol
INDEX/US/S&P US/SPX
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modified
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Nasdaq Composite
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US
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index
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NASDAQ Composite Index
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Nasdaq Composite
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MANUAL
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name
Nasdaq Composite
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prominent
onlinesignificance
prominent
exchange
U.S.: Nasdaq
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XNAS
chartingsymbol
INDEX/US/XNAS/COMP
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modified
index
Hang Seng Index
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HK:HSI
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HK
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index
displayname
Hang Seng Index
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Hang Seng Index
source
MANUAL
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hk_hsi
name
Hang Seng Index
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prominent
onlinesignificance
prominent
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Hong Kong Exchange
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XHKG
chartingsymbol
INDEX/HK/XHKG/HSI
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modified
index
FTSE 100 Index
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UK:UKX
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UK
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index
displayname
FTSE 100 Index
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FTSE 100 Index
source
MANUAL
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FTSE 100 Index
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prominent
onlinesignificance
passing-mention
exchange
FTSE UK
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FTSE UK
chartingsymbol
INDEX/UK/FTSE UK/UKX
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modified
media
media-2
media|media-2
responsive
layout
wrap
softcrop
Horizontal
imphotoid
im-126046
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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
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ccat
ns|ccat
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prominent
onlinesignificance
prominent
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Corporate/Industrial News
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about
source
FACTIVA
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ccat
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ns
code
ccat
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509246
pe|509246
visible
1
displayname
Donald Trump
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90
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occur
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Donald Trump
source
FACTIVA
title
President and chief executive officer
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57
seoname
donald-trump
significance
passing
topicid
159
onlinesignificance
passing-mention
name
Donald Trump
confidencerange
high
topicname
Donald Trump
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medium
fcode
509246
codetype
pe
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509246
nameformat
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pe
Deere
pe|Deere
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Deere
ticker
DE
displayname
Deere
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Deere
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Deere
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FACTIVA
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deere
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pe
Robert Czerwensky
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Robert
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Czerwensky
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Czerwensky, Robert
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Robert Czerwensky
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Robert Czerwensky
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FACTIVA
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usa
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prominent
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United States
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about
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FACTIVA
subcat
cntry
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usa
codetype
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code
usa
re
china
re|china
significance
prominent
onlinesignificance
prominent
name
China
why
about
source
FACTIVA
subcat
cntry
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china
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re
code
china
re
apacz
re|apacz
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Asia Pacific
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lineage
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FACTIVA
subcat
snr
fcode
apacz
codetype
re
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apacz
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asiaz
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Asia
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FACTIVA
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asiaz
codetype
re
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asiaz
re
bric
re|bric
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BRICS Countries
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lineage
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FACTIVA
subcat
eco
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bric
codetype
re
code
bric
re
chinaz
re|chinaz
name
Greater China
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lineage
source
FACTIVA
subcat
sc
fcode
chinaz
codetype
re
code
chinaz
re
devgcoz
re|devgcoz
name
Emerging Market Countries
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FACTIVA
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eco
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devgcoz
codetype
re
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devgcoz
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dvpcoz
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Developing Economies
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lineage
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FACTIVA
subcat
eco
fcode
dvpcoz
codetype
re
code
dvpcoz
re
easiaz
re|easiaz
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Eastern Asia
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lineage
source
FACTIVA
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sc
fcode
easiaz
codetype
re
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easiaz
re
namz
re|namz
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North America
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FACTIVA
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SYND
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Syndication
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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.