Palantir ( PLTR ) – The data analytics company’s stock plunged 15.6% in premarket trading after it reported an unexpected quarterly loss and cut its full-year guidance due to the uncertain timing of some government contracts. Signify Health ( SGFY ) – CVS Health ( CVS ) is planning a bid for Signify in an effort to expand into home health services, according to people with knowledge of the matter who spoke to the Wall Street Journal. The newspaper had reported last week that Signify was exploring strategic alternatives, including a sale. Its stock rose 16.7% in the premarket. Global Blood Therapeutics ( GBT ) – The maker of treatments for blood disorders will be bought by Pfizer ( PFE ) for $5.4 billion, or $68.50 per share in cash. Shares in Global Blood have surged 88% in the past two sessions on reports that a deal is near and gained another 4.2% in premarket trading. Tyson Foods (TSN) – The beef and poultry producer reported quarterly earnings of $1.94 per share, 4 cents per share below estimates. However, revenue beat forecasts as beef demand remained high. Chicken volume was down 2.1 percent, but Tyson said business continues to improve. Tyson shares fell 2.5% in premarket trading. Barrick Gold (GOLD) – The miner’s shares added 3.2% in premarket trade after better-than-expected quarterly results, helped by higher copper production. Baidu ( BIDU ) – The China-based search engine company won approval to operate driverless taxi services in two Chinese cities, the first such approvals in the country. Baidu added 1.2% in premarket action. First Solar (FSLR) – The solar company was upgraded to “buy” at Guggenheim and to “overweight” at JP Morgan Securities, both of which said First Solar is among those poised to benefit most from the U.S. reduction in inflation passed by the Senate. First Solar gained 4.2% in premarket action, with other solar stocks rallying. Emerson Electric ( EMR ) – The manufacturing company is selling its InSinkErator garbage disposal business to appliance maker Whirlpool ( WHR ) for $3 billion. Avalara ( AVLR ) – The tax software provider has agreed to be acquired by private equity firm Vista Partners for $8.4 billion, including debt, or $93.50 per share. Avalara fell 4% in the premarket but had risen 30% since reports of a potential deal first surfaced in early July.
