U.S. stock futures kicked off the final week of the month with a decline on Monday morning. In premarket trading, Dow Jones Industrial Average futures and S&P 500 futures were down by 0.2%, while Nasdaq 100 futures slipped 0.1%.
Spotlight on Crown Castle
One company drawing attention is Crown Castle (CCI). In premarket trading, its shares showed promise, pointing up 2.34% to $106. The owner of wireless towers has become the focus of renewed activist interest.
Elliott Investment Management has acquired a substantial stake in excess of $2 billion in Crown Castle. According to sources familiar with the matter cited by The Wall Street Journal, Elliott plans to engage with the company to explore ways to enhance its shareholder value. This move follows Elliott’s initial position in Crown Castle, which had little impact.
iRobot Benefits from Amazon’s Antitrust Approval
iRobot (IRBT), a leading smart-vacuum-cleaner company, continues to rally on the back of growing hopes that Amazon (AMZN) will obtain full EU antitrust approval for its $1.4 billion acquisition.
Dish Network Stumbles After Disappointing Earnings
Dish Network (DISH), a satellite-television provider, saw its stock drop by 3.28% to $3.54 following disappointing earnings earlier this month. Analysts responded with downbeat notes after Dish reported an unexpected loss in the third quarter and announced the sale of certain assets.
Zscaler Set to Report Quarterly Earnings
Cybersecurity firm Zscaler (ZS) is slated to release its fiscal first-quarter earnings after the closing bell on Monday. The stock remained relatively flat in premarket trading, hovering around $193.20.
Upcoming Reports from Major Companies
Throughout the week, reports are anticipated from several key players in the market, including Salesforce (CRM), Intuit (INTU), Workday (WDAY), Snowflake (SNOW), CrowdStrike Holdings (CRWD), Splunk (SPLK), Hewlett Packard Enterprise (HPE), NetApp (NTAP), Dollar Tree (DLTR), Okta (OKTA), Dell Technologies (DELL), Marvell Technology (MRVL), UiPath (PATH), and Kroger (KR).