US PRE-MARKET MOVERS: AAPL, SNDK, DECK, SOFI, CL, TSLA, VZ, CVX, SCHW, NVDA, WDC

ES -0.4% NQ -0.5% RTY -0.8%

Trump names Warsh new Fed Chair

• AAPL -0.5%: Despite initially rising after EPS, rev., & Greater China sales beat w/ exceptionally strong demand for the latest iPhone models
• SNDK +22%: Smashed profit exp., beat on rev. & raised guidance, citing exceptionally strong demand for memory & storage products
• DECK +12%: Top & bottom-line surpassed exp. alongside lifting FY outlook
• SOFI +6%: EPS, rev. topped w/ solid FY outlook
• CL +2.7%: Results impressed
• TSLA +2.5%: SpaceX is considering a potential merger with Tesla, or alternatively with AI firm xAI
• VZ +2.3: EPS, rev., & postpaid phone net additions topped w/ strong FY profit view
• CVX +0.2%: Beats Q4 profit estimate & eyes Venezuela investment opportunities
• SCHW -0.2%: Paul Woolway will retire as CEO on 1st July & Tyler Woulfe will succeed him; also, raises Q div. 19% to $0.32/shr
• NVDA -1%: China has reportedly given conditional approval to DeepSeek for H200 chip
• WDC -2%: Plans to monetise its remaining 7.5mln SNDK shares before 1yr anniversary of the separation