US PRE-MARKET MOVERS: APO, JEF, JHG, SFD, CNM, CNXC, RL, CRWV
ES -0.2% NQ -0.2% RTY -0.3%
- APO -2.8%: Reportedly capped withdrawals from its Debt Solutions fund at 5% of outstanding shares after redemption requests reached 11.2%
- JEF +9.6%: SMFG is reportedly working on plans for a possible takeover of Jefferies
- JHG +3.8%: Trian and General Catalyst agree to increase merger consideration to $52.00/shr in cash for JHG.
- SFD +6.4%: Earnings beat
- CNM -2.9%: Revenue outlook fell short
- CNXC -7.8%: Profit metrics & guidance missed
- RL +1.8%: Upgraded at Citi to' Buy' from 'Neutral'
- CRWV +2.00%: Reinstated coverage at BofA with a 'Buy' rating
Context
In the pre-market, we see notable movements tied to earnings updates and strategic corporate actions. Jefferies is benefitting from potential acquisition interest, while companies like SFD are seeing gains due to earnings beats, suggesting a focus on fundamentals that could impact sector sentiment. Conversely, APO's restrictions on fund withdrawals could create negative sentiment, influencing broader market dynamics as interest in liquidity remains critical.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#RALPH LAUREN CORP#EQUITIES#EU SESSION#US SESSION#HIGHLIGHTED#RESEARCH SHEET#APPAREL, ACCESSORIES & LUXURY GOODS#ELECTRIC UTILITIES#TEXTILES, APPAREL & LUXURY GOODS#ELECTRIC UTILITIES (GROUP)#CONSUMER DURABLES & APPAREL#UTILITIES (GROUP)#S&P 500 INDEX#EVERSOURCE ENERGY#ES#RL#US PRE-MARKET#US RESEARCH#US EQUITIES