Premarket movers:
Mag 7 stocks are mostly higher: Tesla rises 3.6% after the EV maker unveiled its long-delayed Roadste | Hanami
Premarket movers:
Mag 7 stocks are mostly higher: Tesla rises 3.6% after the EV maker unveiled its long-delayed Roadster sports car (Meta Platforms (META) +0.5%, Microsoft (MSFT) +0.5%, Alphabet (GOOGL) +0.3%, Amazon (AMZN) +0.3%, Apple (AAPL) +0.3%, Nvidia (NVDA) -0.1%)
Fox Corp. (FOXA) gains 3.9% after BofA upgraded the media company by two notches, to buy from underperform, citing Fox’s deal to buy Roku.
Mobileye Global (MBLY) climbs 4% as Citi starts coverage on the maker of software and hardware technology for automobiles with a buy rating, expecting the company to benefit from growth in autonomous driving technology.
Semtech Corp. (SMTC) rises 4.4% after Northland Securities upgraded the company to outperform from market perform, a move that comes in the wake of its analyst day event, where it raised its third-quarter forecast.
Omeros (OMER) is down 4.1% after the drug developer said an advisory committee of the European Medicines Agency issued a negative opinion on the company’s application for its narsoplimab therapy.
Travelers (TRV) drops 4.6% after the insurance company reported net premiums written for the third quarter that met the average analyst estimate. Revenue declined modestly year on year, while catastrophe losses rose.
Truist Financial (TFC) falls 2.1% after the financial services company reported third quarter taxable equivalent net interest income that came in just short of expectations.
Wise (WSE) falls 2.3% after the payments firm reported cross-border volumes that missed analyst expectations.
Zeta Global (ZETA) is up 4.6% after Goldman Sachs upgraded the software company to buy from neutral, seeing potential for it to gain market share.(Historical earnings: For fiscal 2026 Q1 (period ended 2026-03-31), Tesla reported basic EPS of 0.15, diluted EPS of 0.13, net income of USD 0.477 billion, and revenue of USD 22.387 billion. In the prior-year period (ended 2025-03-31), basic EPS was 0.13, diluted EPS was 0.12, net income was USD 0.409 billion, and revenue was USD 19.335 billion. For fiscal 2025 full year (period ended 2025-12-31), basic EPS was 1.18, diluted EPS was 1.08, net income was USD 3.794 billion, and revenue was USD 94.827 billion.
Consensus expectations: The next upcoming consensus for fiscal 2026 Q3 expects EPS of 0.4511 and revenue of USD 28.024 billion.)