Auto

Boost

Equinox

Change

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">Monday morning trading today has been marked by significant moves in several stocks, driven by a combination of company-specific developments and broader market trends. Here are the top three you should be watching.</p>
<p>Private equity giant KKR &amp; Co. Inc. (NYSE: KKR) is <a aria-label="set to join (opens in a new tab)" href="https://www.reuters.com/business/finance/crowdstrike-kkr-godaddy-join-benchmark-sp-500-2024-06-07/#:~:text=June%207%20(Reuters)%20-%20The,tab%20before%20markets%20open%20on" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">set to join</a> the <a href="https://tokenist.com/investing/spx-vs-spy/" rel="noopener noreferrer nofollow" class="deco-link">S&amp;P 500 index</a>, sending its shares soaring. General Motors (NYSE: GM) is <a href="https://www.cnbc.com/2024/06/07/gm-costco-auto-program-evs.html" target="_blank" aria-label="partnering (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">partnering</a> with Costco’s (NASDAQ: COST) Auto Program to boost electric vehicle (EV) sales, tapping into the retailer’s vast membership base. <br><br>Meanwhile, activist hedge fund Elliott Management has taken a <a href="https://www.cnbc.com/2024/06/10/southwest-luv-activist-elliott-stake.html" target="_blank" aria-label="substantial stake (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">substantial stake</a> in Southwest Airlines (LUV), pushing for leadership changes to turn around the struggling carrier.</p>
<h3 id="kkr-set-to-join-sp-500-stock-soars">KKR Set to Join S&amp;P 500, Stock Soars</h3>
<p>KKR’s impending inclusion in the S&amp;P 500 index has prompted a surge in its stock price, with shares up 10% to an all-time intraday high of $108.</p>
<p>The move is expected to drive demand from index-tracking funds, further bolstering the stock’s performance. KKR has outperformed the S&amp;P 500 over the past 1-year (+97.59%), 3-year (+101.49%), and 5-year (+379.62%) periods, showcasing the company’s strong growth trajectory. As of 11:40 AM EDT, KKR’s market cap stands at $99.656 billion.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="gm-partners-with-costco-to-boost-ev-sales">GM Partners with Costco to Boost EV Sales</h3>
<p>General Motors is leveraging Costco’s Auto Program to expand its reach in the EV market. The partnership enables Costco’s 50 million-plus US members to purchase GM’s electric vehicles at discounted prices. With a growing interest in EVs among Costco members, GM sees this collaboration as a significant opportunity to increase sales.</p>
<p>The automaker is gearing up to release a range of affordable EV models, including the Chevrolet Equinox EV and an updated Chevrolet Bolt. Costco members will enjoy $1,000 off select EV models from GM’s Cadillac and Chevrolet brands this summer. GM stock is trading at $47.48, up $1.75 or 3.85%, with a market cap of $53.969 billion at the time of writing.</p>
<h3 id="elliott-management-takes-stake-in-southwest-airlines-pushes-for-change">Elliott Management Takes Stake in Southwest Airlines, Pushes for Change</h3>
<p>Southwest Airlines shares have jumped nearly 8% in late-morning trading following the news that activist hedge fund Elliott Management has acquired a $1.9 billion stake in the company. Elliott aims to drive a leadership overhaul at the airline, pushing to replace the CEO and Chairman to restore Southwest’s “best-in-class” status.</p>
<p>The stock, currently trading at $30.26, has lagged behind the S&amp;P 500 over the 1-year (+1.07%), 3-year (-46.47%), and 5-year (-37.25%) periods. Southwest’s market cap currently stands at $18.109 billion.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The market snapshot was taken around 11:40 AM EDT, with U.S. markets set to close in 4 hours and 20 minutes.</em> <em>The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-southwest-airlines-kkr-and-general-motors/">Stocks to Watch Today: Southwest Airlines, KKR, and General Motors</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: Southwest Airlines, KKR, and General Motors

Table of Contents

Tokenist

Other articles published on Jun 10, 2024

Cryptocurrency Coins vs Tokens: What’s the difference?

Chainlink Breaks Key Support Levels and Concerns Analysts

Memereum Surpasses 21 Million Tokens Sold in Presale, Pioneers Blockchain-Based Insurance on Bina...

Tron Founder Justin Sun Nets $24.9M Profit from Crypto Trades

Digital Asset Investment Products Sees $2 Billion in Inflows

DeFi Trader, Tracer, Reveals Insiders’ List Of Top Meme Coins

Join our free newsletter for daily crypto updates!