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Slack Technology (WORK), Salesforce (CRM), Nordstorm (JWN), Tesla (TSLA), HP (HPQ), Peloton (PTON), ViacomCBS (VIAC) Stocks Surged On Wednesday

Inside the Dow Jones, following news in the Wall Street Journal on negotiations for the purchase of Slack Technologies Inc (WORK) (up 37.59%) by the customer engagement software giant, Salesforce.com Inc (CRM) lost 5.37%. Operators believe the deal could start a wave of tech industry mergers and acquisitions. A collaborative work site, an operation that has greatly benefited from coronavirus lockdowns, has been developed by Slack.

Nordstrom Inc (JWN) was up 11.65 percent, after posting earnings per share of 34 cents in the third quarter, compared to the FactSet average of 5 cents. Compared to a forecast of $3.13 billion, sales of U.S. clothing, accessories and cosmetics chain; totaled $3.09 billion. The EBIT was $106 million versus 48 million by consensus.

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Tesla Inc (TSLA) was up 3.35 percent, which has just passed Wall Street’s $500 billion market capitalization, recalls nearly 9,500 vehicles, mainly 2016 Model Xs due to a failure to repair a roof and bolt part as announced by the U.S. highway safety agency.

HP Inc (HPQ) up 2.3% after posting better-than-expected sales for the second consecutive quarter, and raised its dividend by 10%. The IT group expects sales to surpass expectations for the first quarter of its fiscal year. HP posted non-GAAP earnings of 62 cents per share and revenue of $15.3 billion for the fiscal fourth quarter.

Peloton Interactive Inc (PTON) rose up 1.44 percent on Wednesday. Some consumers facing distribution problems would switch their orders to rivals Nautilus or Icon Health & Fitness, according to the Wall Street Journal. Nautilus’ CEO Jim Barr, interviewed by the WSJ, reported that the sales of connected bikes are going very well. Finally, the newspaper reports that questions about deliveries have not impacted the financial results of Peloton at this point.

ViacomCBS Inc (VIAC) rose 0.90% on Wednesday. The entertainment company was expected to sell publisher Simon and Schuster for more than $2 billion to the German Bertelsmann company, Reuters heard from a source close to the matter.

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