5 stocks to watch on Friday: Tesla, Veralto, Flowserve and more
Justin Sullivan
U.S. stock index futures on Friday slid, while bonds sold-off, pushing Treasury yields higher, after a significantly hotter-than-expected non-farm payrolls report. Here are some stocks to watch on Friday: 

Shares of Tesla (NASDAQ:TSLA) slipped almost 3% in pre-market trading, after the electric vehicle giant said it would cut prices on some of its models in the U.S. in an effort to boost demand. The move comes just days after the company reported Q3 deliveries that missed estimates. As per the company's website, TSLA dropped prices for its Model 3 compact sedan and Model Y SUV in the U.S. by roughly 2.7% to 4.2%.

AutoZone (AZO) and O'Reilly Automotive (ORLY) fell more than 1% ahead of the opening bell, after Oppenheimer downgraded both stocks to a Perform rating from Outperform. The brokerage cited a "less upbeat stance" on auto parts retailers, though it noted that in its view, "underlying fundamentals" for the sector remained solid. However, Oppenheimer believes COVID-19 pandemic-related tailwinds for auto parts retailers will continue to fade.
Shares of Veralto (VLTO) fell more than 2% ahead of market open, after Citi started coverage on the stock with a Neutral rating. VLTO last week began trading as a spin-off from industrial conglomerate Danaher (DHR) and houses businesses including color-matching company Pantone and commercial printer Videojet. The brokerage highlighted the company's growth prospects while warning of softer demand trends across portions of the company's portfolio.
Flowserve (FLS) stock retreated 1% in pre-market trading, after the industrial pumps and valves maker said it would drop its planned acquisition of Velan (OTCPK:VLNSF). The decision came after the proposed deal was rejected by the French Ministry of Economy. FLS had announced its intention to buy Velan (OTCPK:VLNSF) back in February in a deal valued at $245M.

More on the markets 

Biggest stock movers today: Pioneer Natural Resources, Aehr Test Systems and more
JPMorgan's Kolanovic still expects recession, says 20% stock slide possible
Will The Surge In Interest Rates Cause A Recession And Bear Market?
What's Next For The U.S. After The Summer Spending Splurge
Yields Are Spiking, Buy Sprott Physical Gold Trust Anyway