US PRE-MARKET MOVERS: NVDA, CSCO, BA, WHR, TTWO, FISV, KLAR
The pre-market movements are primarily driven by strong corporate earnings and strategic developments.
Tate & Lyle (TATE LN) reportedly working with advisers following takeover interest, Bloomberg reports
Iran's Foreign Minister criticises UAE for being an active partner in Israeli aggression, IRIB reports
US PRE-MARKET MOVERS: NVDA, CSCO, BA, WHR, TTWO, FISV, KLAR
Allies of UK MP Streeting are claiming that ministers who were prevented from raising their concerns about the Prime Minister’s leadership during a Cabinet meeting on Tuesday will head to No 10 this afternoon, Telegraph reports
Fiserv (FISV) to develop first-party agents with OpenAI on the Agentos platform
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ES +0.3% NQ +0.3% RTY +0.1%
- NVDA +2%: Huang said China meetings were “excellent” & US reportedly approved ~10 Chinese firms to buy H200 chips, but Bessent later said “would be news to him”
- CSCO +17%: EPS & rev. beat, issued stronger-than-exp. guidance, highlighted surging AI infrastructure orders despite announcing job cuts
- BA +1.4%: Bessent, on trade w/ China, thinks there will be large BA orders
- WHR -1.5%: Downgraded at Goldman Sachs
- TTWO +4.5%: GTA 6 pre-order emails have reportedly been sent out to some with a pre-order window between May 18th-21st
- FISV +2%: To develop first-party agents with OpenAI on the Agentos platform
- KLAR +11.5%: rev. & GMV topped
Notably, Cisco's significant EPS and revenue beat, alongside robust AI infrastructure orders, could point to a favorable outlook for tech stocks, while Nvidia benefits from improved relations with China. Conversely, Whirlpool's downgrade indicates potential headwinds in the consumer durables sector, which traders should monitor for broader implications on associated stocks.
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