Tesla, Apple and Stellantis rise premarket; Equifax falls

Published 02/10/2025, 12:32
© Reuters

Investing.com -- U.S. stock futures fell sharply Thursday after the U.S. government was shut down, raising worries about potential future economic growth.

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

  • Tesla (NASDAQ:TSLA) stock gained 1.7% ahead of the electric vehicle manufacturer’s quarterly deliveries report, with analysts cautioning that the U.S. tax credit expiry may have front-loaded demand.

  • Apple (NASDAQ:AAPL) stock rose 0.5% after Morgan Stanley raised its price target for the tech giant, citing a stronger-than-expected start to the iPhone 17 cycle.

  • Stellantis (NYSE:STLA) stock soared 7.1% after Morgan Stanley said the carmaker is showing a long-awaited turnaround in market share, with U.S. sales momentum strengthening in September.

  • Biogen (NASDAQ:BIIB) stock rose 0.4%, with pharma names continuing to rally after Pfizer and President Trump unveiled a deal to cutMedicaid drug prices in exchange for tariff relief.

  • Credit bureaus Equifax (NYSE:EFX) and TransUnion (NYSE:TRU) fell 12% and 10%, respectively, after FICO, a data analytics company, launched a program that could allow mortgage lenders to get access to credit scores without relying on the bureaus.

  • Occidental Petroleum (NYSE:OXY) stock rose 1.6% after Berkshire Hathaway (NYSE:BRKb) announced it has reached a deal to buy the energy company’s petrochemical unit, OxyChem, for $9.7 billion in cash.

  • BP (NYSE:BP) ADRs fell 0.3% after Reuters reported that new chair Albert Manifold told staff that the company’s portfolio was “overly complex” and that it must speed up efforts to refocus on oil and gas.

  • Lithium Americas (NYSE:LAC) stock fell 3% after Canaccord Genuity downgraded the mining company to “sell” from "speculative buy”, saying the recent runup in the share price is overdone.

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