US PRE-MARKET MOVERS: FDX, SMCI, NXST, TGNA, PL, UL, MKC, ARM, CMG, FIGS
ES -0.4% NQ -0.5% RTY -0.4%
- FDX +7.2%: Topped earnings expectations; raised outlook.
- SMCI -26.5%: US probe into workers about NVDA chips illegally diverted to China.
- NXST +1.3%, TGNA +9.4%: DOJ clear the NXST acquisition of TGNA.
- PL +17.3%: Earnings beat w/ outlook strong.
- UL +1.3%, MKC +0.5%: UL in talks to separate its food business and combine it with MKC in an all-stock deal.
- ARM +2.6%: Double upgraded at HSBC.
- CMG +1.2%: Upgraded at Mizuho to 'Outperform' from 'Neutral'.
- FIGS +5.5%: Upgraded at Oppenheimer to 'Outperform' from 'Perform'.
Context
In the pre-market session, FedEx (FDX) is rallying on stronger-than-expected earnings and a raised outlook, which could signal confidence in logistics demand. Conversely, Super Micro Computer Inc. (SMCI) is tumbling sharply due to allegations regarding NVIDIA (NVDA) chips being illegally redirected to China, raising concerns over regulatory risks within the semiconductor sector. These divergent movements come amid broader market declines, suggesting a mixed sentiment across sectors.
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#CHIPOTLE MEXICAN GRILL INC#FEDEX CORP#NVIDIA CORP#PERFORM GROUP PLC#EQUITIES#EU SESSION#US SESSION#HIGHLIGHTED#RESEARCH SHEET#AIR FREIGHT & LOGISTICS#RESTAURANTS#PACKAGED FOODS & MEATS#SEMICONDUCTORS#ELECTRIC UTILITIES#AIR FREIGHT & LOGISTICS (GROUP)#HOTELS, RESTAURANTS & LEISURE#FOOD PRODUCTS#SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT (GROUP)#ELECTRIC UTILITIES (GROUP)#TRANSPORTATION#CONSUMER SERVICES#FOOD, BEVERAGE & TOBACCO#SEMICONDUCTORS & SEMICONDUCTOR EQUIPMENT#UTILITIES (GROUP)#S&P 500 INDEX#NASDAQ 100 INDEX#CMG#EVERSOURCE ENERGY#ES#FDX#MCCORMICK & COMPANY INC#MKC#NVDA#US PRE-MARKET#US RESEARCH#ARM#US EQUITIES