Peter Nurse

Investing.com — Focus on stocks premarketOn Monday, March 14th, trade will be possible Refresh to see the most recent updates.

• Sanofi (NASDAQ:) ADRs fell 2.7% after data showed the ’s experimental cancer medicine failed to slow the progression of a common type of breast cancer.

• FordThe stock of (NYSE:) rose 0.7% following the deepening of the partnership between Volkswagen and the U.S. automaker. This will allow the U.S. to produce an additional electric car for Europe.

• Chevron Stock in (NYSE:) fell 2.5% Occidental Petroleum (NYSE:) stock fell 3% after Morgan Stanley downgraded the two energy companies to ‘equal-weight’ from ‘overweight’, citing valuation concerns.

• Bank of America (NYSE:) stock rose 1.5%, typifying the gains of the banking sector, with the hitting 2.10%, its highest level since July 2019, ahead of Wednesday’s expected Federal Reserve rate hike.

• Tencent Holdings(OTC) ADRs will fall sharply following the Wall Street Journal’s report that the bank is being fined for breaking central bank regulations regarding its WeChat Pay mobile phone network.

• Alibaba ADRs dropped 4.5% at the NYSE JD.com(NASDAQ:) ADRs declined 5.3% with these ecommerce businesses being concerned that they might be removed from New York due to not satisfying auditing requirements.

• Tyson Foods (NYSE:) stock fell 1.5% after BMO Capital Markets downgraded the food processor to ‘market perform’ from ‘outperform’, citing its valuation as well as likely lower margins.

• Turquoise Hill (NYSE:) stock soared 31% after Rio Tinto (NYSE:), down 2.3%, offered to buy the 49% stake in the mining company it doesn’t already own, at a hefty premium to Friday’s stock price close.