Why These 5 Stocks Are Trending on Monday

In this article we take a look at five stocks that are trending on Monday. If you want to read our detailed analysis of these stocks, go to read Why These 10 Stocks Are Trending on Monday.

5. Caterpillar Inc. (NYSE:CAT) shares have surged 4% after Mircea Dobre of Baird made the stock a ‘fresh pick’ and reiterated an ‘outperform’ rating. Dobre has a $290 price target as Caterpillar Inc. (NYSE:CAT)’s earnings could potentially benefit from a newly passed infrastructure bill which could increase demand. Fisher Asset Management owned 6,836,104 shares of Caterpillar Inc. (NYSE:CAT) at the end of September.

4. Live Nation Entertainment, Inc. (NYSE:LYV) is down 4.7% after a crowd surge at a Travis Scott concert during the Astroworld music festival led to tragedies that should never have happened. Lawsuits have been filed given the potential negligence at the concert and Live Nation is the owner of the Astroworld music festival’s promoter. Melvin Capital Management was among the elite fund holders of Live Nation Entertainment, Inc. (NYSE:LYV) at the end of June.

3. Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) shares are up 1.6% after the company said data indicates a single dose of REGEN-COV could reduce the risk of contracting Covid-19 by almost 82% in the two to eight month period after taking it. The monoclonal antibodies could be used for individuals whose immune systems aren’t shielded enough by existing vaccines. ARK Investment Management owned 713,048 shares of Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) at the end of Q2.

2. Autolus Therapeutics plc (NASDAQ:AUTL) shares have surged 26.5% after a fund managed by Blackstone, Blackstone Life Sciences, agreed to invest up to $250 million in the company. Of the total, up to $150 million will be used to help Autolus Therapeutics plc (NASDAQ:AUTL) develop and commercialize its leukemia therapy treatments. Blackstone Life Sciences has also agreed to purchase $100 million of Autolus Therapeutics plc (NASDAQ:AUTL)’s stock. Citadel Investment Group was long 2,762,754 shares of Autolus Therapeutics plc (NASDAQ:AUTL) at the end of June.


1. Blackstone Inc. (NYSE:BX) is in the spotlight today for Blackstone Life Sciences’s deal to invest in Autolus Therapeutics plc (NASDAQ:AUTL). Shares of Blackstone Inc. (NYSE:BX) have rallied over 126% year to date due to the rally in the stock market and the strengthening U.S. economy. Billionaire Stephen Schwarzman owns substantial shares in Blackstone Inc. (NYSE:BX) at the end of Q2.

Disclosure: None.