4 tickers trending on Yahoo Finance

Stock futures rose on Monday morning as inflation and retail sales data are in focus this week.

Here are 4 tickers trending on Yahoo Finance in premarket trading:

Occidental Petroleum Corporation (OXY): Shares of Occidental Petroleum were higher in premarket trading Monday after billionaire investor Warren Buffet increased his holding to 26.8% by buying an additional 51.99 million shares, according to Securities & Exchange Commission filings. The move came shortly after the Federal Energy Regulatory Commission (FERC) said in late August that Berkshire Hathaway’s additional investment in Occidental was “consistent with the public interest,” giving Buffett the nod to purchase “up to 50%” of the oil major’s common shares.

Bristol-Myers Squibb Company (BMY): Bristol Myers Squibb rose in premarket trading Monday after The Food and Drug Administration on Friday approved Bristol Myers Squibb’s psoriasis pill Sotyktu, the first medicine of its type and the last of three potential blockbuster drugs the company sought to bring to market this year. The approval came after Phase 3 testing trials, in which the pill was tested against a placebo as well as another oral therapy, Amgen’s Otezla.

“Sotyktu has the potential to become the new standard of care oral treatment for people with moderate-to-severe plaque psoriasis, given its profile in helping patients achieve clearer skin as demonstrated in the POETYK PSO clinical program,” said April Armstrong, MD, MPH, clinical investigator in the POETYK PSO-1 trial and Associate Dean and Professor of Dermatology at the University of Southern California.

Oracle Corporation (ORCL): Shares of Oracle moved higher ahead of Monday’s earnings report, which will be after market close. Investors will be looking to see for an update on the integration of Cenner, the second-largest designer of software used by doctors and hospitals to manage and store medical records, which it bought earlier this year for $28.3 billion.

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“Worse-than-anticipated foreign exchange headwinds during the fiscal first quarter could drive the reported results to levels below the Street’s expectations,” analysts at Guggeheim Securities wrote in a note to investors. The company is expected to also cut back on new hires within the next year or undertake another restructuring, per Bloomberg Intelligence.

AMC Entertainment Holdings, Inc. (AMC): Shares of AMC Entertainment moved higher in premarket trading after Cineworld Group Inc., one of the world’s largest theater chains and a competitor of Leawood-based AMC Entertainment Holdings Inc., announced last week it filed for Chapter 11 bankruptcy protection. AMC CEO Adam Aron posted several tweets in response to the news, promising that AMC is in “a very, very different situation.” The company reported a net loss of $121.6 million in the quarter, that was substantially less than the $344 million loss the year before.

Dani Romero is a reporter for Yahoo Finance. Follow her on Twitter @daniromerotv

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