US PRE-MARKET MOVERS: XLE, NKE, RH, CALM, NCNO, TH, BAC, UNH, RIVN
ES +0.8%, NQ +1.0%, RTY +0.8%
- XLE -2.1%: Trump says could leave Iran within two to three weeks.
- NKE -11.1%: Soft guidance; downgraded at JPM, GS, & BofA.
- RH -19.4%: Profit, rev. & outlook missed.
- CALM +3.9%: EPS & rev. beat.
- NCNO +23.2%: Quarterly metrics & guidance topped expectations.
- TH +33.4%: Secured over $550M data centre hub contract.
- BAC +1.2%, WFC +1.5%: Banks upgraded at HSBC to 'Buy' from 'Hold'.
- UNH +1.3%: Upgraded at Raymond James to 'Outperform' from 'Market Perform'.
- RIVN +2.6%: Upgraded at DA Davidson to 'Neutral' from 'Underperform'.
Context
The pre-market moves reflect significant shifts in sentiment, particularly with Nike facing a sharp decline due to soft guidance and multiple downgrades from major banks, which suggests a bearish outlook for its near-term performance. In contrast, Cal-Maine Foods and nCino have posted strong beats, indicating a resilient outlook that may drive further interest. Investors should also note the upgrades for Bank of America and UnitedHealth, which may bolster confidence in their respective sectors amid mixed overall market sentiment.
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