US PRE-MARKET MOVERS: Mag-7, MKC, CEG, APLS, CNTA, MU/SNDK, FDS, SNX, DOCU

ES +0.7% NQ +0.6% RTY +1.1%

  • Mag-7: MSFT +1.4% GOOGL +1% META +1% AMZN +0.8% AAPL +0.7% NVDA +0.6% TSLA +0.5%
  • AAPL: Removed vibe coding AI app-building app Anything from the App Store for violating guidelines
  • MKC +5.5%: EPS & rev. beat; elsewhere, Unilever confirmed MKC talks
  • CEG -3%: Initial FY26 profit view way short of exp.
  • APLS +141%: To be acquired by BIIB for $41/shr + CVR; APLS closed Mon. at $17.09/shr
  • CNTA +48%: To be acquired by LLY for $38/shr in cash + potential $9 in future milestones; CNTA closed Mon. at $27.58/shr
  • Memory Names MU -1.5% SNDK -1.6%: Continue their aggressive sell off seen last week & on Mon.
  • FDS +6.7%: Top & bottom-line surpassed exp.; raises FY outlook
  • SNX +3%: Strong report; Q1 metrics topped w/ strong FY guidance
  • DOCU -3%: Downgraded at BofA
  • Samsung Electronic faces a labour dispute after negotiations between mgmt. & workers ended w/o agreement
Context

The pre-market movers indicate a positive start for major indices, with notable gains from the Mag-7 tech stocks, particularly Microsoft and Google. The strong earnings beats from companies like McCormick and FactSet, as well as significant acquisition news in the biotech sector (APLS and CNTA), reflect underlying strength in specific sectors, while downgrades on DocuSign and ongoing weakness in memory stocks like Micron and SanDisk suggest a mixed sentiment overall. Traders should closely monitor these names for potential volatility as the market reacts to this early news flow.

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