NVIDIA denies H100/H200 shortages
Investing.com - U.S. stock futures dropped on Tuesday, as traders returned for a week shortened by a holiday but not devoid of potentially consequential events.
Here are some of the biggest premarket U.S. stock movers today:
- Zscaler (NASDAQ:ZS) shares rose after Morgan Stanley upgraded its outlook for the IT security company to "overweight" from "equal-weight."
- Fortinet’s (NASDAQ:FTNT) stock price edged down following a downgrade by analysts to "underweight" from "equal-weight."
- Amazon.com (NASDAQ:AMZN) shares slipped 1.2% after a Reuters report said U.S. sign-ups for its Prime membership program slowed during this year’s expanded Prime Day promotion. According to Reuters, Amazon secured 5.4 million new Prime members in the U.S. during the three-week lead-up and the four-day sales event from July 8 to July 11. That was around 116,000 fewer than a year earlier and about 106,000 below Amazon’s internal target, representing roughly a 2% decline in both measures.
- Low-cost carrier Frontier Group Holdings (NASDAQ:ULCC) surged by more than 10% after analysts at Deutsche Bank lifted their rating of the company and argued that it may be bolstered by the bankruptcy of peer Spirit.
- Kraft Heinz (NASDAQ:KHC) shares were muted after the U.S. packaged foods giant said it would split itself into two listed entities, with one focused on groceries and the other on items like sauces and spreads.
- Dow (NYSE:DOW) shares were slightly lower after the chemical manufacturer said it had sold a further stake in its infrastructure venture to Macquarie Asset Management for $540 million.
- Sailpoint (NASDAQ:SAIL) shares advanced by more than 3% after Morgan Stanley hiked its outlook for the software group to "overweight" from "equal-weight."
(Reuters contributed reporting.)