Another trading week begins and there are some notable stocks in play in pre-market deals in New York.
In focus is telecoms group Sprint Corp (NYSE:S), which closed 0.28% lower on Friday, Today, it emerged that the firm and T-Mobile US plan to announce a merger agreement without any immediate asset sales.
The pair are trying to keep as much of their spectrum holdings and cost synergies as they can before regulators ask for concessions, according to sources.
Exclusive: T-Mobile, Sprint plan merger without selling assets: (Reuters) - T-Mobile U.S. Inc and Sprint Corp plan… https://t.co/QouwQbtY9m pic.twitter.com/m3tNJP1iKr
— Vantagepoint (@getvantagepoint) 16 October 2017
Film streaming giant Netflix Inc (NASDAQ:NFLX) shares are up 1.12% to US$ 201.72 ahead of it posting quarterly results later after the bell.
"The Street" expects the group to pots quarterly earnings at US$0.32 per share on revenues of US$2.97 billion.
On Friday, the group's shares hit an all-time high Friday, briefly passing through $200 for the first time ever, an incredible milestone.
Last week saw a clutch of well-regarded analysts hiking their price forecasts for the video streamer.
Meanwhile, elsewhere analysts are expecting tech group Celanese Corporation (NYSE:CE) to have earned US$1.93 per share on revenue of US$1.49 billion in its latest quarter. It also is reporting after the bell.
Shares closed on Friday, 0.36% higher at US$107.35.
McClatchy Co (NYSE:MNI), the California based publishing group, is forecast to report a quarterly loss of US$0.55 per share on revenues of US$224.00 million. Shares shed 1.02% to stand at US$7.73 on Friday.
Atlantic Capital Bancshares Inc (NASDAQ:ACBI) saw shares lose 0.54% on Friday. The group has reported the resignation of its president and chief operating officer Mike Kramer.