US PRE-MARKET MOVERS: BLK, JNJ, JPM, WFC, BE, LCID, GSAT, AAL/UAL, TSLA, MSFT, HPQ/DELL
ES +0.2% NQ +0.4% RTY +0.5%
- BLK +2.5%: EPS & rev. topped
- JNJ -0.4%: Despite strong report as top & bottom-line surpassed exp., marginally lifted FY rev. view & raised Q div. c. 3%
- JPM -1%: FY NII guidance fell short; note, EPS, rev., & FICC rev all beat
- WFC -2.2%: Rev. & NII missed
- BE +15%: Expanded its partnership w/ Oracle to support AI & cloud infrastructure buildout
- LCID +13.5%: To receive new investments from PIF & UBER w/ UBER/LCID expanding robotaxi partnership to at least 35k vehicles
- GSAT +8.7%: AMZN in advanced talks to acquire the Co.
- AAL +7.2% UAL +3.4%: United Airlines CEO pitched a possible merger w/ American Airlines to senior government officials
- TSLA +1.8%: Upgraded at UBS
- MSFT +0.9%: Sharply raised prices across its Surface device lineup amid a memory chip shortage
- HPQ -2.3% DELL -2.5%: NVDA denied reports that it is in discussions to acquire a PC manufacturer, calling the claims false; DELL & HPQ rallied on Mon. following the initial reports
Context
This pre-market update reflects varied reactions to earnings results and strategic moves across key stocks. Notably, BlackRock and Lucid Motors posted strong gains with positive earnings and new partnerships, while Wells Fargo and JPMorgan experienced declines after falling short on revenue expectations, highlighting a mixed sentiment in the financial sector. These moves could signal a volatile day ahead in equities, particularly among banks and tech, influenced by broader market conditions and specific corporate developments.
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