Stock futures pulled back again on Monday, Nov. 13, as a retreat from records set five days ago looked to continue into a new week. 

Dow Jones Industrial Average futures were down 83 points, S&P 500 futures fell 8 points, and Nasdaq futures dipped 22 points. 

The Dow finished Friday, Nov. 11, lower in its first weekly decline after eight straight weeks of gains. Even so, the two days of losses didn't pull the index too far from its records -- the index remained less than 200 points from an all-time closing high set on Nov. 8. The S&P 500 also fell on Friday in its first weekly loss in nine weeks. 

Stocks have pulled back on concerns the path to tax cuts could be bumpier than initially expected. Doubts were raised late last week after details of the Senate's tax plans conflicted with the House GOP's proposed legislation. The House is expected to bring a vote for its Tax Cut and Job Acts bill to the floor this week. 

General Electric Co. (GE) - Get Report announced Monday it was cutting its quarterly dividend by 50% to 12 cents from 24 cents a share, its second cut since the Great Depression. The Boston-based company last reduced the quarterly payout in 2009 -- before then, it had not done so since 1938.

CEO John Flannery is expected on Monday to unveil a plan for the conglomerate that includes a focus on three of its biggest business lines, but stops short of a breakup or more radical restructuring of company, The Wall Street Journal reported. Flannery, who took over as CEO on Aug. 1, is expected to focus on GE's aviation, power and health-care divisions.

General Electric is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells GE? Learn more now.

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Crude oil prices inched higher on Monday after crude oil production among Organization of Petroleum Exporting Countries fell and growth forecasts rose. OPEC production fell to 32.59 million barrels a day in October, down by 151,000 barrels a day from September, according to the cartel's monthly report. Lower production in Venezuela, Iraq, Nigeria and Iran was partly responsible for the decline. An OPEC production cut agreement is set to expire in March 2018, though some members have expressed a willingness to extend the agreement. 

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West Texas Intermediate crude was up 0.3% to $56.89 a barrel on Monday.

Tyson Foods Inc. (TSN) - Get Report jumped 2% on Monday after exceeding profit and sales estimates over its recent quarter. Fourth-quarter earnings of $1.43 a share beat analysts' targets by a nickel. Revenue surged nearly 11% to $10.15 billion, $260 million above consensus. Total sales volume increased 3.2%. Chicken sales rose 8%, beef 9.5%, pork 10%, and prepared foods 23%. 

Qualcomm (QCOM) - Get Report is preparing to reject rival Broadcom Ltd.'s (AVGO) - Get Report $103 billion takeover bid as early as this week, four people familiar with the matter told Reuters. Qualcomm's board is poised to rebuff Broadcom's bid as insufficient as early as Monday, although it may decide to spend a few more days this week to prepare its full response to Broadcom, the sources told Reuters. Qualcomm CEO Steven Mollenkopf feels that Broadcom's bid of $70 a share undervalues the chipmaker and doesn't price in the uncertainty associated with getting the deal approved by regulators, the sources said.

Broadcom is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells the stock? Learn more now.

Mattel Inc. (MAT) - Get Report  surged in premarket trading, putting shares on track to open at a three-month high, following multiple media reports of a takeover approach from rival Hasbro Inc. (HAS) - Get Report . Hasbro's market cap of around $11.5 billion could likely absorb a takeover of Mattel, which has seen a nearly 50% collapse in its share price this year amid a fast-changing retail market that has already claimed rival Toy R Us by way of a September bankruptcy filing. Hasbro's approach to Mattel was made recently, a person familiar with the matter told The Wall Street Journal. 

In other deal news, Brookfield Property Partners LP (BPY) - Get Report  confirmed its plans to purchase GGP Inc. (GGP) . Brookfield already owns around 34% of GGP -- this deal would see it purchase the shares it does not already own. Brookfield approached GGP's board with an offer on Saturday which values the company at $21.8 billion. Bermuda-based Brookfield seeks to buy GGP for $23 a share in a cash-and-stock deal. 

Nvidia Corp. (NVDA) - Get Report was upgraded to market perform from underperform at BMO Capital after the chipmaker reported a better-than-expected quarter last week. BMO's price target was raised to $200 from $135. Analysts specifically pointed to outperformance at its datacenter operations. 

Nvidia is a holding in Jim Cramer's Action Alerts PLUS Charitable Trust Portfolio. Want to be alerted before Cramer buys or sells NVDA? Learn more now.

Updated from 7:54 a.m. ET, Nov. 13. 

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