Today’s stocks to watch: Intel, Disney, and PDD
Key Points to Watch Out For:
- JDE Peet’s jumps 17% following acquisition deal with KDP.
- Intel gains 3% in premarket after U.S. investment details emerge.
- Orsted plunges 18% after order to halt Revolution Wind project.
Keurig Dr Pepper (KDP) and JDE Peet’s (JDEP): $18B acquisition
Keurig Dr Pepper announced an $18 billion deal to acquire the owner of Peet’s Coffee, ahead of the planned spin-off of its coffee brands. JDE Peet’s shares surged 17%, while Keurig Dr Pepper slipped 2% in premarket trading.
Intel (INTC): U.S. government equity investment
Intel shares advanced 3% in premarket trading, extending Friday’s gains. The rally followed the disclosure of terms surrounding a U.S. government equity investment in the company, announced late last week.
Orsted (DK:OMS): suspension of offshore wind project
Shares in the Danish offshore wind developer tumbled 18% after President Trump ordered a halt to work on the Revolution Wind project, located off Rhode Island’s coast.
PDD (PDD): results outlook and tariff exposure
Temu’s parent company is set to report earnings, offering insight into the impact of U.S. tariffs. PDD shares posted modest premarket gains ahead of the results release.
Comcast (CMCSA) and Walt Disney (DIS): TV license dispute
In a late-night post, President Trump suggested revoking licenses for ABC and NBC, citing biased coverage against conservatives. ABC is owned by Disney, while NBC is owned by Comcast.
Heico (HEI): earnings due after market close
The aerospace manufacturer will report results following the closing bell. With a light U.S. earnings calendar today, Heico will be among the few corporate updates investors watch closely.
