TheStreet's Joseph Woelfel reported on August trading pressure in his 5 Things Newsletter. , highlighting stocks to watch on Monday, August 2, 2021.
This week's earnings calendar included Alibaba ( (BABA) - Get Alibaba Group Holding Ltd. Sponsored ADR Report), Eli Lilly (LLY), and a slew of others. Plus, Woelfel outlined stocks to watch today. Among them:
- Square (SQ) - Get Report agreed to pay $29 billion to acquire Australia's Afterpay. The all-stock deal is Square's largest-ever acquisition.
- Parker-Hannifin (PH) - Get Report reached an agreement to buy British engineer Meggitt for 6.3 billion pounds, or roughly $8.8 billion.
- Zoom Video Communications (ZM) - Get Report reached a preliminary settlement on a user privacy lawsuit, agreeing to pay $85 million and improve its security and privacy practices.