Consumer Cyclicals

TradingKey - Samsung Electronics is in talks over a potential acquisition of U.S. data center cooling equipment maker Modine Manufacturing, with a deal potentially reached as early as the coming weeks, Bloomberg reported, citing people familiar with the matter. Following the news, shares of Modine Manufacturing (MOD) surged more than 25% in Friday's premarket trading.

TradingKey - On November 12, Eastern Time, Tesla (TSLA) shares extended their recent rebound, rising 1.69% to close at $397.45, with an intraday high of $401.22 and trading volume of approximately 29.15 million shares, marking five consecutive trading days of gains. Over the past five trading days, TSLA has logged a cumulative rebound of approximately 15.6%.

According to Bloomberg, citing people familiar with the matter, merger talks between SpaceX (SPCX) and Tesla (TSLA) have progressed, with a deal potentially being announced as early as December, though an option to delay the announcement until early 2027 has also been discussed. Boards and advisors from both companies are currently in discussions regarding transaction terms, the combined company's governance structure, and other matters.

TradingKey - Anthropic's latest prospectus discloses the company's major investors, ownership structure, and concurrent private placement arrangements for its IPO. Amazon (AMZN) and Google parent company Alphabet (GOOGL) are both key strategic investors in Anthropic.

TradingKey - In the third quarter of 2026, the performance of major global cloud service providers diverged further. Alphabet’s (GOOGL) Google Cloud revenue grew 103% year-over-year to $30.709 billion; Amazon’s (AMZN) AWS revenue increased 39.3% to $45.984 billion; and Microsoft’s (MSFT) Azure revenue rose 48% to $33.165 billion.

TradingKey - Tesla (TSLA) shares have shown a notable rebound following consecutive pullbacks. Technically, the stock is poised to challenge the $400–$404 resistance zone.