Street Calls of the Week
Investing.com -- U.S. stock futures traded in a stable manner Friday, as investors digested the new trade tariffs from the Trump administration ahead of key inflation data.
Here are some of the biggest premarket U.S. stock movers today:
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Intel (NASDAQ:INTC) stock gained 3.7% and GlobalFoundries (NASDAQ:GFS) rose 9.9% after the Wall Street Journal reported the Trump administration is weighing options to substantially lower America’s reliance on semiconductor imports by boosting local manufacturing.
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Johnson & Johnson (NYSE:JNJ), Pfizer (NYSE:PFE) and Eli Lilly (NYSE:LLY) all rose after U.S. President Donald Trump announced fresh 100% tariffs on imports of branded pharmaceuticals.
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Wayfair (NYSE:W) stock slipped 3.5% and Bed Bath & Beyond dropped 1.8%, with furniture companies hit by Trump’s announcement of tariffs on kitchen cabinets and upholstered furniture.
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Boeing (NYSE:BA) stock rose 0.7% after both Norwegian Air and Turkish Airlines agreed to purchase more planes from the U.S. aircraft manufacturer.
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Meta Platforms (NASDAQ:META) rose 0.3% after the tech giant said it would offer an ad-free subscription option to Facebook and Instagram users in the United Kingdom in the coming weeks.
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Costco (NASDAQ:COST) stock fell 0.6% despite the warehouse retailer impressing with its fourth quarter earnings, helped by its new global locations, digital upgrades and the impact of its expanded hours for executive members.
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Concentrix (NASDAQ:CNXC) stock slumped 19% after the call-center operator missed its quarterly earnings expectations and lowered its full-year forecast.
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Xpeng (NYSE:XPEV) stock rose 4.2% after Morgan Stanley added the Chinese electric-vehicle maker to its key focus lists, highlighting its strong model pipeline and positioning as a leading AI adopter.
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Apellis Pharmaceuticals (NASDAQ:APLS) stock fell 9.5% after Goldman Sachs downgraded its rating on the clinical-stage biopharmaceutical company to “sell” from “neutral”, citing concerns about the growth trajectory of the company’s geographic atrophy treatment Syfovre.