US PRE-MARKET MOVERS: Mag-7, AVGO, LULU, GIII, COO, U

ES -0.5% NQ -1.1% RTY -0.6%

• Mag-7: MSFT +0.5% TSLA +0.1% AAPL -0.1% AMZN -0.4% META -0.5% GOOGL -0.6% NVDA -1.4%
• Google Cloud has quietly cut staff
• Tesla upgraded at JPM
• AVGO -1.7%: Weakness continues after losses of 12.6% on Thurs. following disappointing earnings report
• LULU -10.5%: Cut FY guidance alongside downbeat comms.
• GIII +7%: Shallower loss per shr. than exp., rev. beat & raised FY profit view
• COO +6%: EPS & rev. topped
• U +5%: Upgraded to 'Outperform' at Edgewater Research