US PRE-MARKET MOVERS: CRWD, GTLB, ROST, MRNA, INTC, TSLA, CRWV, ANF

ES +0.4% NQ +0.6% RTY +0.8%

  • CRWD +0.1%: EPS & rev. beat w/ guidance largely in line with exp.
  • GTLB -10%: Issued new rev. guidance that drew increased investor scrutiny around its growth outlook & valuation despite rising interest in its AI offerings
  • ROST +7.5%: EPS, rev. topped, approved a new $2.5bln buyback prog., raised Q div. 10% & issued strong outlook
  • MRNA +9.5% ROIV +4%: MRNA reached a $2.5bln settlement in LNP delivery tech lawsuit
  • INTC +1.5%: Board chair Frank D. Yeary will retire following annual meeting in May
  • TSLA +1.6%: Reinstated w/ ‘Buy’ at BofA (prev. ‘Neutral’)
  • CRWV +5%: Perplexity has signed a multi-year deal w/ CRWV to help power a new generation of services
  • ANF -6.5%: Muted FY sales outlook
Context

The pre-market moves highlight significant earnings results that could influence trading sentiment today. Notably, CrowdStrike (CRWD) reported a slight earnings beat, which aligns with expectations, while Ross Stores (ROST) surged following strong results and a buyback announcement, suggesting robust consumer demand. Conversely, GitLab (GTLB) is facing scrutiny after a disappointing revenue forecast, potentially impacting investor confidence in its growth amid growing interest in AI technology.

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