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

In today's pre-market trades, we see various significant movers influenced by corporate developments and economic conditions.

Newsquawk StaffPublished On the live feed at 5 more headlines followed before this page went public
Newsquawk headlinesUTC

US BROKER MOVES: ADI upgraded at Arete; CART upgraded at Jefferies

Sibanye-Stillwater has warned EU's “strategic project” label for its USD 870mln lithium operation falls short of necessary protections to survive global price shocks, Semafor reports

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

Yemen's armed forces revealed the approaches of the next stage in case of expanding the scope of the war and said: "We will use the trump card of closing Bab al-Mandab to American and Israeli ships and the sea and air blockade of Israel and the US."

Sysco (SYY) confirms it is to acquire Restaurant Depot for USD 29.1bln enterprise value; reaffirms FY26 guidance

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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

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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