4 stocks to watch on Monday: Tesla, McDonald's and more
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The futures were mixed in Monday's premarket trading following a rally to close out the end of last week. A surprise OPEC output cut impacted Wall Street sentiment during the morning. Here are some stocks to watch on Monday:

Tesla (NASDAQ:TSLA) reported deliveries that reached 422,875 vehicles in Q1, ticking past analysts' consensus, which called for a figure of around 421.2K. Elon Musk's EV maker said it produced 440,808 vehicles during the quarter. TSLA slipped about 2% before the opening bell.
McDonald's (MCD) has reportedly closed its U.S. offices early this week in order to announce a layoff plan. According to the Wall Street Journal, the fast food giant asked employees to work from home as it delivered the news of job cuts virtually.
Life Storage (LSI) advanced in premarket trading, rising about 3% on news of a merger deal. Under the agreement, the self-storage company will combine with rival Extra Space Storage (EXR) in an all-stock transaction valued at $12.4B. The deal calls for each share of LSI to be exchanged for 0.895 shares of EXR.
World Wrestling Entertainment (WWE) is reportedly approaching a deal to sell itself to talent-agency company Endeavor Group Holdings (EDR), which owns the mixed martial arts promoter Ultimate Fighting Championship. According to CNBC, the negotiation is in an advanced stage and a deal could be announced as early as Monday. WWE dipped about 4% in premarket action.


Looking at the broader market, see why Seeking Alpha contributor Mott Capital Management argues that the bear market is not over yet, as a recent rise in the Nasdaq has been driven by CTA flows.