All articles tagged with #premarket trading
Micron Technology (MU) fell more than 2% in Thursday premarket trading as risk appetite cooled for tech stocks. The stock remains above longer-term trend lines but faces near-term pressure, with resistance around 1,089.50 and support near 991. Analysts remain bullish overall, and investors are awaiting the Sept. 22 earnings report; MU also has notable ETF exposure in SPMO, SOXQ and DAX.
US chip stocks rose in premarket trading after President Trump claimed Apple will work with Intel to design and manufacture chips in the United States. Intel jumped about 8.9% in premarket trading, with Nvidia, AMD and Broadcom up roughly 1–3%, and peers like ARM, Microchip, Applied Materials and Micron higher by about 2.8–5%. Semiconductor ETFs also advanced (iShares up ~3.9%, VanEck ~3.3%, Roundhill Memory ~6.2%), as the news ties into Intel’s 18A-P fabrication progress and a broader push to bring chip manufacturing back home.
Shares of Kohl's (NYSE:KSS) surged over 62% in premarket trading amid speculation of a short squeeze, with the stock experiencing a trading halt; the company has also been the subject of acquisition rumors.
Super Micro Computer's shares have dropped by 10% in premarket trading, continuing a downward trend for the company. This decline is part of a broader movement in the tech sector, affecting related stocks and market dynamics.
AstraZeneca's stock rose after an upgrade from Jefferies following positive results in a breast cancer therapy trial. Urban Outfitters and Foot Locker saw their stocks downgraded by Jefferies due to potential consumer spending pullbacks. Dow's stock rose after an upgrade from JPMorgan, citing potential upside from higher oil prices. Nike's stock slipped after a downgrade from Jefferies, citing wholesale pressures and macro headwinds in China. Opendoor Technologies' stock fell after Citi cut its price target, expressing concerns about the low number of preexisting homes on the market. Chinese e-commerce stocks, JD.com and PDD Holdings, lost value as sentiment around China's economy worsened. Media stocks rose after a preliminary labor agreement was reached between writers and studios. HP's stock fell after Berkshire Hathaway sold a significant number of shares. Sealed Air's stock jumped after an upgrade from Citi, citing a discounted valuation and potential portfolio transformation. Nio's stock fell on news of the company considering raising $3 billion from investors.
Autodesk's shares are rising in premarket trading after the company reported strong fiscal second-quarter earnings, indicating that it is on track for several years of digitization momentum. Analysts are optimistic about the company's performance.
Fortinet stock experienced a significant drop in premarket trading after the company revealed that deals were being delayed due to macroeconomic uncertainty, causing other cybersecurity stocks like Palo Alto and CrowdStrike to also decline.
General Motors reported better-than-expected second-quarter earnings and raised its financial guidance, leading to a rise in the company's stock price during premarket trading.
Tesla's stock has received its fourth consecutive downgrade, causing it to fall in premarket trading. This streak is not ideal for investors.
Microsoft's stock rose 7.4% in premarket trading following better-than-expected earnings and guidance, putting it on track for its biggest percentage gain since November 2022 and a potential record price gain. The surge in Microsoft's stock could add about 134 points to the Dow's price, but Dow futures fell 0.1%.