Nvidia, JPMorgan and Walt Disney rise premarket; Tesla, Stellantis fall

Investing.com -- U.S. stock futures rose Monday, continuing the recent positive tone as investors digested ongoing trade negotiations as well as the potential for future Federal Reserve rate cuts.

Here are some of the biggest premarket U.S. stock movers today:

• Nvidia (NASDAQ:NVDA) stock rose 0.5%, bouncing despite the FT reporting that investors sold more than $1 bln of the company’s stock in the past 12 months, mainly in June, as they capitalized on a sharp valuation spike on the company’s role in the artificial intelligence industry.

• Tesla (NASDAQ:TSLA) stock fell 0.6%, with the EV manufacturer expected to unveil its second-quarter delivery numbers on Wednesday, as it grapples with flagging demand and controversy around the political stances of CEO Elon Musk.

• JPMorgan Chase (NYSE:JPM), Bank of America (NYSE:BAC), Citigroup (NYSE:C) and Wells Fargo (NYSE:WFC) all rose after the Federal Reserve’s annual "stress test" provided an optimistic showing, potentially leading to the banks increasing the excess capital they plan to distribute to shareholders via dividends or stock buybacks.

• Juniper Networks (NYSE:JNPR) stock rose 8.4% after the U.S. Justice Department settled its lawsuit challenging server maker Hewlett Packard Enterprise’s (NYSE:HPE) all-cash acquisition of the networking gear maker for $14 billion. HPE stock rose 5.6%.

• Hyatt Hotels (NYSE:H) stock rose 0.5% after the hotel chain said it will sell the entirety of Playa Hotels’ owned real estate portfolio to Tortuga Resorts for $2 billion. Hyatt had bought Playa for $2.6 billion including debt in February.

• Stellantis (NYSE:STLA) stock fell 0.4%, with the auto giant recalling 250,651 vehicles in the U.S. due to an improperly sealed side curtain airbag, the U.S. National Highway Traffic Safety Administration said.

• Walt Disney (NYSE:DIS) stock rose 2% after Jefferies upgraded its stance on the entertainment giant to “buy” from “hold”, expressing optimism about Disney’s cruise business, projecting over $1 billion in revenue uplift for 2026 fiscal year.

• Oracle (NYSE:ORCL) stock rose 1.9% after Stifel upgraded the software giant to “buy” from “hold”, citing positive cloud growth expectations.

• Kratos Defense & Security Solutions (NASDAQ:KTOS) stock rose 2.6% after Goldman Sachs upgraded the IT security company to “buy” from “neutral”, citing its strategic investments in defense supply chain areas that are "critical to the future of warfare."