Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.
A big shake-up at Ford (F) tops the list today. Mark Fields is out as CEO and Jim Hackett is taking his place as Ford struggles with declining sales and profits and underperforming stock. Ford hired Hackett—a former Steelcase executive—to run its “Smart Mobility” innovation unit last year.
There’s a major deal in the chemicals sector. Shares of Huntsman (HUN) soared in early trading on news that it’s merging with Swiss rival Clariant in a stock swap deal that values the combined companies at $20 billion. The company will be called HuntsmanClariant, with headquarters in Switzerland, but main operations in Texas.
We’re also watching shares of Warren Buffett’s Berkshire Hathaway (BRK-A) after an article in Barron’s said the stock could rise as much as 20% by the end of 2018 even if Buffett decides to retire. The paper says Berkshire’s book value will grow, fueled by the company’s diversified earnings stream, long-term focus and a cash stockpile totaling nearly $100 million.
And in the tech space, Qualcomm (QCOM) shares got a nice pop this morning after JPMorgan upgraded the stock to overweight from neutral. The firm citing improved valuation and benefits from its deal with NXP Semiconductors (NXPI).