UBS (UBS) – Shares were up 2% Monday morning following the weekend’s biggest news item: UBS will acquire struggling eurobank peer, Credit Suisse (CS). Credit Suisse shares were down more than 60% to under the $1 level.
Charles Schwab (SCHW) – With the stock down nearly 30% over the last two weeks, Schwab execs purchased about $7 million in company stock last week.
Enphase Energy (ENPH) – Shares were upgraded to the equivalent of a buy rating by analysts at Raymond James Monday morning. While the analysts said they were “trying to catch a proverbial falling knife,” they like the company’s exposure to the European solar market.
Farfetch (FTCH) – One of Morgan Stanley’s top ways to play reacceleration in the e-commerce market. Farfetch is “an online platform connecting sellers and buyers of personal luxury goods.”
MicroStrategy (MSTR)-A classic way to play bitcoin. Shares were up nearly 5% Monday morning following a weekend rally in bitcoin price. MicroStrategy has much of its cash position in bitcoin.