Premarket movers: Mag 7 stocks were mostly, if modestly, higher: (Alphabet +0.6%, Amazon +0.1%, Apple +0.2%, Meta +0.3%, Microsoft +0.2%, Nvidia +0.1%, Tesla +0.2%) Avantor (AVTR) rises 4% after the life-sciences company reported adjusted Ebitda and net sales for the second quarter that beat the average analyst estimate. The company also boosted its adjusted profit guidance for the full year. Bloom Energy (BE) jumps 8% after the fuel-cell maker posted earnings that were more than double expectations and raised full-year guidance for the second consecutive quarter, a sign of rampant demand from data centers. Caterpillar (CAT) falls 4% after Baird cut its recommendation to neutral, citing a growing trend of state and local government actions targeting data centers, which have become a key growth driver for the industrial giant. Ford (F) rises 5% after the automaker raised its profit outlook for the second time this year as consumers continue to snap up the automaker’s high-margin sutility vehicles. Garmin (GRMN) climbs 7% after the maker of GPS smartwatches boosted its pro forma earnings per share guidance for the full year. GE Healthcare (GEHC) climbs 11% after the maker of X-ray equipment reported adjusted earnings per share for the second quarter that beat the average analyst estimate. The firm also posted a booking ratio that was ahead of expectations. GlobalFoundries (GFS) gains 7% after the semiconductor contract manufacturing and design company signed a letter of intent with the US Department of Commerce. Humana (HUM) drops 7% after the insurer maintained its yearly profit guidance despite a strong second quarter. Johnson Controls International (JCI) rises 5% after after the HVAC equipment maker boosted its adjusted earnings per share forecast for the full year KLA Corp. (KLAC) falls 8% after the semiconductor capital equipment company reported fourth-quarter results that Morgan Stanley called “uninspiring.”

Premarket movers: Mag 7 stocks were mostly, if modestly, higher: (Alphabet +0.6%, Amazon +0.1%, Apple +0.2%, Meta +0.3%, Microsoft +0.2%, Nvidia +0.1%, Tesla +0.2%) Avantor (AVTR) rises 4% after the life-sciences company reported adjusted Ebitda and net sales for the second quarter that beat the average analyst estimate. The company also boosted its adjusted profit guidance for the full year. Bloom Energy (BE) jumps 8% after the fuel-cell maker posted earnings that were more than double expectations and raised full-year guidance for the second consecutive quarter, a sign of rampant demand from data centers. Caterpillar (CAT) falls 4% after Baird cut its recommendation to neutral, citing a growing trend of state and local government actions targeting data centers, which have become a key growth driver for the industrial giant. Ford (F) rises 5% after the automaker raised its profit outlook for the second time this year as consumers continue to snap up the automaker’s high-margin sutility vehicles. Garmin (GRMN) climbs 7% after the maker of GPS smartwatches boosted its pro forma earnings per share guidance for the full year. GE Healthcare (GEHC) climbs 11% after the maker of X-ray equipment reported adjusted earnings per share for the second quarter that beat the average analyst estimate. The firm also posted a booking ratio that was ahead of expectations. GlobalFoundries (GFS) gains 7% after the semiconductor contract manufacturing and design company signed a letter of intent with the US Department of Commerce. Humana (HUM) drops 7% after the insurer maintained its yearly profit guidance despite a strong second quarter. Johnson Controls International (JCI) rises 5% after after the HVAC equipment maker boosted its adjusted earnings per share forecast for the full year KLA Corp. (KLAC) falls 8% after the semiconductor capital equipment company reported fourth-quarter results that Morgan Stanley called “uninspiring.”

Source:https://x.com/zerohedge/status/2082436386271961130