US PRE-MARKET MOVERS: NXST, SYY, META, AA/CENX, NFLX, LLY, AMD

ES +0.5% NQ +0.4% RTY +0.6%

  • NXST -3%: Judge temporarily paused Nexstar’s planned $6.2bln acquisition of Tegna for 14 days
  • SYY -2.2%: To acquire Restaurant Depot for $29.1bln enterprise value; reaffirms FY26 guidance
  • META +1%: Morgan Stanley added META to its Top Picks List
  • AA +8.2% CENX +8.4%: After aluminium prices surged to 4yr highs after Iranian airstrikes against two major Middle East producers over the weekend
  • NFLX -0.7%: Increased prices on all its plans in the US
  • LLY +0.7%: Enters Insilico drug discovery collab worth $2.75bln
  • AMD +0.8%: Upgraded at Philips
  • US Treasury to review private credit market risks
Context

In today's pre-market trades, we see various significant movers influenced by corporate developments and economic conditions. Nexstar is experiencing a decline due to legal complications halting its acquisition of Tegna, while aluminium stocks like Alcoa and Century Aluminum are surging on a spike in prices following geopolitical tensions. Meanwhile, Meta's upgrade by Morgan Stanley positions it favorably for investors, potentially impacting tech sector performance.

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