US PRE-MARKET MOVERS: Semis, GM, DT, SHW, NUE, KO, AMT, CNC, UPS, GLW, SPOT

This pre-market report highlights a mix of strong earnings and guidance upgrades from companies like General Motors and Sherwin-Williams, which could positively influence their respective sectors.

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General Motors (GM) sees no changes in consumer car shopping due to gas prices

Saudi Aramco extends suspension of LPG deliveries through May

US PRE-MARKET MOVERS: Semis, GM, DT, SHW, NUE, KO, AMT, CNC, UPS, GLW, SPOT

A Japanese oil tanker passes through the Strait of Hormuz with Iran's coordination; Idemitsu is an oil tanker that was carrying 2mln bbls of crude oil; it had been stationed in Saudi Arabia since late February

Coca-Cola (KO) CFO says bottlers would have greater impact if higher aluminum and pet prices sustain; on aluminum can shortage in India says, 'have had some disruption in can supply and our cross enterprise procurement team'

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ES -0.6% NQ -1.2% RTY -0.8%

  • OpenAI misses targets, stoking data centre spending concerns; NVDA -1.7% TSM -3.1% MU -3.5% INTC -4% AVGO -4.3% AMD -5.2% ORCL -7.7% Semi ETF SOXX -3.7%
  • GM +5.2%: Metrics topped, lifted FY EBIT view w/ midpoint of profit outlook also impressing
  • DT +4.8%: Starboard delivers letter to Co. & looks forward to continuing constructive engagement w/ mgmt. & board
  • SHW +3.6%: EPS & rev. beat
  • NUE +3.5%: EPS & rev. topped
  • KO +2.3%: Q report impresses
  • AMT +1.5%: Adj. EBITDA & rev. topped Wall St. exp.
  • CNC +1.6%: Top & bottom-line surpassed exp. alongside lifting FY guidance
  • UPS -3.2%: Q1 metric topped & reaffirmed FY outlook, but shares fall as profit fell ~28% Y/Y
  • GLW -8%: Next Q rev. guidance disappointed
  • SPOT -10.5%: Rev. light
Context

Conversely, semiconductor stocks like NVIDIA and Intel are under pressure following disappointing results from OpenAI, reflecting broader concerns over data center spending. The divergence suggests a risk-off sentiment in tech while indicating strength in other areas of the market, which traders should monitor for potential volatility in related stocks.

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