Premarket movers Mag 7 are mixed: Amazon falls 2% after Jeff Bezos filed to sell $4.07 billion of stock (Nvidia +1.3%, Tesla +0.6%, Apple -0.2%, Meta -1.7%, Alphabet -1.5%, Microsoft -2%). Ameresco (AMRC) rallies 30% after the energy company boosted its adjusted earnings per share guidance for the full year. BioNTech SE (BNTX) falls 3% after the company lowered its revenue outlook as demand for its Covid-19 vaccine shrank more than expected. Caterpillar (CAT) posted second-quarter earnings and revenue that beat Wall Street expectations as the company’s power-generation business continued to post strong growth off the back of data center spending. Shares are up 8%. DuPont de Nemours (DD) falls 3% after the chemicals company reported second-quarter results and gave a full-year forecast. McDonald’s (MCD) climbs about 2% after the fast-food restaurant owner and operator posted second quarter results. Nike (NKE) falls 3% after JPMorgan cut its recommendation on the sportswear and sneaker company to underweight, noting financial impacts from the company’s “Win Now” business strategy. Onsemi (ON) rises 7% after the chipmaker’s second-quarter revenue and earnings beat the average analyst estimate. Analysts note that AI data-center demand is boosting results. Palantir (PLTR) jumps 15% after the company boosted full-year revenue and income forecasts and described commercial demand for its data analytics tools as “otherworldly.” Powell Industries (POWL) drops 11% after the maker of circuit breakers and other electrical equipment posted fiscal third-quarter EPS and revenue that missed expectations. Rockwell Automation (ROK) falls 5% after the maker of industrial automation products posted third quarter results and provided a year forecast. Snap (SNAP) gains 5% after the the social media platform posted higher-than-projected quarterly sales and gave an upbeat forecast for the current period. The results signal optimism ahead of the September commercial debut of its first pair of augmented reality glasses. Spotify (SPOT) falls 4% after the music streaming service’s third-quarter monthly active users and operating income forecasts missed the average analyst estimate. Voyager Technologies (VOYG) rises 15% after the defense company raised its revenue outlook for the full year. Wayfair (W) falls 3% after the online furniture and home goods retailer posted second quarter results.

Premarket movers Mag 7 are mixed: Amazon falls 2% after Jeff Bezos filed to sell $4.07 billion of stock (Nvidia +1.3%, Tesla +0.6%, Apple -0.2%, Meta -1.7%, Alphabet -1.5%, Microsoft -2%). Ameresco (AMRC) rallies 30% after the energy company boosted its adjusted earnings per share guidance for the full year. BioNTech SE (BNTX) falls 3% after the company lowered its revenue outlook as demand for its Covid-19 vaccine shrank more than expected. Caterpillar (CAT) posted second-quarter earnings and revenue that beat Wall Street expectations as the company’s power-generation business continued to post strong growth off the back of data center spending. Shares are up 8%. DuPont de Nemours (DD) falls 3% after the chemicals company reported second-quarter results and gave a full-year forecast. McDonald’s (MCD) climbs about 2% after the fast-food restaurant owner and operator posted second quarter results. Nike (NKE) falls 3% after JPMorgan cut its recommendation on the sportswear and sneaker company to underweight, noting financial impacts from the company’s “Win Now” business strategy. Onsemi (ON) rises 7% after the chipmaker’s second-quarter revenue and earnings beat the average analyst estimate. Analysts note that AI data-center demand is boosting results. Palantir (PLTR) jumps 15% after the company boosted full-year revenue and income forecasts and described commercial demand for its data analytics tools as “otherworldly.” Powell Industries (POWL) drops 11% after the maker of circuit breakers and other electrical equipment posted fiscal third-quarter EPS and revenue that missed expectations. Rockwell Automation (ROK) falls 5% after the maker of industrial automation products posted third quarter results and provided a year forecast. Snap (SNAP) gains 5% after the the social media platform posted higher-than-projected quarterly sales and gave an upbeat forecast for the current period. The results signal optimism ahead of the September commercial debut of its first pair of augmented reality glasses. Spotify (SPOT) falls 4% after the music streaming service’s third-quarter monthly active users and operating income forecasts missed the average analyst estimate. Voyager Technologies (VOYG) rises 15% after the defense company raised its revenue outlook for the full year. Wayfair (W) falls 3% after the online furniture and home goods retailer posted second quarter results.

Source:https://x.com/zerohedge/status/2084612017231462792