NVDA Q3 Earnings Alert: Why our AI share picker is still holding Nvidia sharesRead More

Deere, Snowflake and Starbucks fell premarket; Tesla, Salesforce rise

Published 24/09/2024, 12:08
© Reuters.
BA
-
DE
-
SBUX
-
CRM
-
V
-
LOW
-
TSLA
-
SNOW
-

Investing.com -- US stock futures traded with small gains Tuesday, as investors digested comments from a series of Fed officials as well as awaiting key inflation data.

Here are some of the biggest premarket US stock movers today

  • Boeing (NYSE:BA) stock fell 0.1% after the plane maker offered a sweetened labor deal to its more than 30,000 striking workers in the US Pacific Northwest, although their union has said it would not put the proposal to a vote.

  • Deere & Company (NYSE:DE) stock fell 1.1% after former President Donald Trump, the Republican presidential candidate, on Monday threatened the agricultural manufacturer with a "200% tariff" if it moves some production to factories in Mexico.

  • Salesforce (NYSE:CRM) stock rose 1.7% after Piper Sandler upgraded its investment stance on the software company to “overweight” from “neutral”, noting the potential for free cashflow per share to double to $20 by 2029.

  • Tesla (NASDAQ:TSLA) stock rose 0.9%, with Barclays (LON:BARC) expecting the EV manufacturer’s third-quarter electric vehicle deliveries to jump by 8% versus the year-ago period to roughly 470,000 units.

  • Visa (NYSE:V) stock fell 1.9% with the US Department of Justice preparing to file an antitrust lawsuit against the credit card giant, accusing it of anti-competitive behavior.

  • Snowflake (NYSE:SNOW) stock fell 3.5% after the cloud data storage company announced plans for a private placement of $2 billion convertible notes.

  • Starbucks (NASDAQ:SBUX) stock fell 1.6% after Jefferies downgraded its stance on the coffee chain to “underperform” from “hold”, saying its CEO-fueled rally was “overdone”.

  • Lowe’s (NYSE:LOW) stock rose 1.6% after Oppenheimer upgraded its stance on the retailer to “outperform” from “perform”, saying demand trends within home improvement tend to improve as lending rates moderate,

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.