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Walmart, Super Micro Computer, BioNTech rise premarket; Lowe's falls

Published 19/11/2024, 14:02
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Investing.com -- US stock futures fell Tuesday, weighed by heightened geopolitical tensions after Russian President Vladimir Putin issued a thinly-veiled nuclear threat to the US.

Here are some of the biggest premarket US stock movers today:

  • Walmart (NYSE:WMT) stock rose 3.8% after the retail giant reported better-than-expected results for the third quarter, and hiked its annual earnings outlook.

  • Lowe’s (NYSE:LOW) stock fell 1.4% after the home improvement retailer reported a drop in annual comparable sales, reflecting continued softness in DIY bigger-ticket discretionary demand.

  • Alphabet (NASDAQ:GOOGL) stock fell 0.7% after Bloomberg reported the Department of Justice could recommend the tech giant sell off its Chrome browser as part of an antitrust crackdown.

  • Super Micro Computer (NASDAQ:SMCI) stock soared over 26% after the troubled server maker said it had appointed a new auditor and was on track to file its financial reports for the year.

  • Medtronic (NYSE:MDT) stock rose 0.2% after the medical tech company lifted the lower end of its annual profit forecast for a second time, banking on sustained demand for its medical devices in the US.

  • Trump Media & Technology Group (NASDAQ:DJT) stock fell 4.9%, handing back some of the previous session’s 16% gains following a report that the social media company was in talks to buy crypto trading platform Bakkt.

  • Berry Global (NYSE:BERY) stock rose 4.4% after the packing company agreed to be acquired by Amcor (NYSE:AMCR), down 1.1%, for about $8.4 billion in a sign that the merger landscape is starting to heat up.

  • BioNTech (NASDAQ:BNTX) stock rose 1.9% after Evercore ISI upgraded its stance on the drugmaker to ‘outperform’ from ‘in line’, citing a combination of opportunism, a cheap valuation, and an increasingly compelling fundamental outlook around its “deep and staggered” oncology pipeline.

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