US PRE-MARKET MOVERS: AAPL, META, NKE, LITE, NOW, Application Software names, Memory names
Importance
Level 1
ES +0.1% NQ +0.1% RTY flat
- AAPL -0.7%: Led global smartphone shipments in Q1, +5% Y/Y, even as overall shipments fell due to a shortage of memory components
- META +0.6%: Upgraded at CFRA
- NKE -0.6%: Downgraded at Piper Sandler
- LITE +5.5%: Demand from US hyperscalers for its optical components is accelerating & on track to fill its order books through ‘28
- NOW -1.6%: Downgraded at UBS
- Citi "turning more selective" in the application software group w/ 6 downgrades; SMWB -3.4% DOCU -2.2% VEEV -1.4% NICE -1.4% ADSK -1% CCC -0.9%
- Mizuho reiterated ‘Outperform’ rating on memory, storage group & raised PT on some names incl. SNDK +2.5% & WDC +1.7%
#AUTODESK INC#WESTERN DIGITAL CORP#UBS AG#SOFTWARE#SERVICENOW INC#CCC SA#EQUITIES#EU SESSION#US SESSION#HIGHLIGHTED#RESEARCH SHEET#FOOTWEAR#APPLICATION SOFTWARE#SYSTEMS SOFTWARE#TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS#INTERACTIVE MEDIA & SERVICES#ELECTRIC UTILITIES#TEXTILES, APPAREL & LUXURY GOODS#TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS (GROUP)#INTERACTIVE MEDIA & SERVICES (GROUP)#ELECTRIC UTILITIES (GROUP)#CONSUMER DURABLES & APPAREL#SOFTWARE & SERVICES#TECHNOLOGY HARDWARE & EQUIPMENT#MEDIA & ENTERTAINMENT#UTILITIES (GROUP)#S&P 500 INDEX#NASDAQ 100 INDEX#APPLE INC#AAPL#ADSK#EVERSOURCE ENERGY#ES#META PLATFORMS INC#META#NIKE INC#NKE#NOW#WDC#US PRE-MARKET#US RESEARCH#US EQUITIES