News Update – Pre-Markets

The companies are making news before the bell rings.

Raymond James upgraded the stock of Planet Fitness to strong buy from market perform. The company has a business that is resistant to recession and has very little debt maturities. Raymond James stated that its current valuation is below its historical average.

Before the opening of trading on Monday, October 3, the S&P 500 will have a new entrant in the form of Pacific Gas and Electric Company. The transaction is expected to be completed this week.

Macau plans to allow tour groups from mainland China as soon as November. MGM Resorts' shares rose.

The ride-sharing company's shares fell 4% before the market opened. According to the Wall Street firm, a survey shows that drivers prefer to use the other apps.