Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
Investing.com -- U.S. stock futures rose Tuesday, ahead of the release of key inflation data later in the session.
Here are some of the biggest premarket U.S. stock movers today:
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Intel (NASDAQ:INTC) stock rose 2.8% after President Donald Trump praised CEO Lip-Bu Tan following their meeting on Monday, days after seeking Tan’s resignation.
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Sinclair (NASDAQ:SBGI) shares surged 21% after the TV station owner said it was reviewing its business for potential mergers or a ventures unit spinoff.
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Celanese (NYSE:CE) shares tumbled 16% following the specialty chemical company’s warning that it sees “a softening demand environment across most key end-markets in the second half of the year.”
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Tencent Music Entertainment Group (NYSE:TME) stock climbed 4.6% after the Chinese music company reported better-than-expected results for the second quarter.
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Pony Ai (NASDAQ:PONY) stock gained 2.8% after the Chinese robotaxi operator reported a surge in second-quarter revenue, and said it was on track to reach its year-end vehicle target.
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On Holding stock soared 10% after the Switzerland-based sportswear maker beat analyst expectations for second-quarter sales and raised its full-year outlook.
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Hanesbrands (NYSE:HBI) stock soared 42% after a report said Canada’s Gildan Activewear (TSX:GIL) (NYSE:GIL) is nearing a deal to acquire the U.S. innerwear-maker for about $5 billion, including debt.
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Palo Alto Networks (NASDAQ:PANW) stock rose 1.2% after brokerage Piper Sandler raised its rating on the cybersecurity stock to ’overweight’ from ’neutral’, citing its early platformization success, which has helped reaccelerate bookings.