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Charter Communications, Tesla, Pandora Media and more - PRE-MARKET

We are looking at what's moving the needle pre-market on Monday

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Wall Street futures are pointing to a higher open

Futures are indicating a higher start on Wall Street after a mixed finish Friday as European indices are also seeing green.

In focus in the US is the telecoms giant Charter Communications (NASDAQ:CHTR), whose shares rose 0.92% to US$370.26 each in pre-market deals as it poured cold water on plans for it to buy fellow telecoms firm Sprint Corp (NYSE:S) to create a media and comms titan.

The deal would see a huge new firm controlled by Japanese tech firm Softbank (NYSE: SFTBF), which owns Sprint, according to recent reports, but Charter has dismissed it.

 

Electric car giant Tesla (NASDAQ:TSLA) is up over 1% in pre-market. It comes after Elon Musk's firm handed over the first Model 3 off the production line to a Tesla employee buyer on Friday outside Tesla's factory in Fremont, California.

 

It also admitted the company faces “at least six months of manufacturing hell” to meet demand for its Model 3.

Also today, closely followed internet radio group Pandora Media (NYSE:P) is in focus with shares lower in New York ahead of its earnings after the bell. Shares shed 1.87% on Friday to close at US$9.47.

Wall Street expects the firm to report a quarterly loss at US$0.24 per share on revenue of US$369.27mln.

Elsewhere, Stifel Financial Corp (NYSE:SF) added 1.68% to $50.35 in early deals as it is due to report its quarterly earnings at US$0.75 per share on revenue of US$689.68mln

Meanwhile, tech group Dana Incorporated (NYSE:DAN) saw shares rise 3.3% in pre-market as it reported latest results.

Quick facts: Charter Communications, Inc.

Price: 576 USD

NASDAQ:CHTR
Market: NASDAQ
Market Cap: $118.02 billion
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