
In the pre-market trading session, major U.S. indices showed mixed movements, with the S&P 500 (ES) and Nasdaq (NQ) remaining flat, while the Russell 2000 (RTY) declined by 0.4%. Intel Corporation (INTC) saw a notable increase of 5.5% following reports that Broadcom (AVGO) and Taiwan Semiconductor Manufacturing Company (TSM) are considering separate deals that could lead to a restructuring of Intel. In contrast, Conagra Brands (CAG) experienced a decline of 3% after lowering its full-year profit and operating margin guidance due to supply constraints. Additionally, Southwest Airlines (LUV) rose by 3% as it announced a significant reduction of over 1,750 corporate jobs, approximately 15% of its workforce, as part of a cost-cutting initiative. Other notable movers included Advanced Micro Devices (ADI), which rose by 6% after exceeding earnings expectations and announcing an 8% dividend increase along with a $10 billion share buyback authorization. Apple Inc. (AAPL) remained flat as it is expected to announce a new product, likely the iPhone SE 4, later today.
🚨 Pre-market Buzz! $GB $SERV $COMP $BKSY $SEDG $CELH $ADI $STM $GRMN $OXY $COF $DFS $ETSY $CDNS $ANET $TOL $CSGP $HHH $IFF $FOUR $TCMD $PHG $BMBL $NKLA https://t.co/nVPaUjWzZW
US PRE-MARKET MOVERS: $AAPL, $ADI, $CDNS, $BMBL, $FOUR $GB, $TOL, $IFF, $OXY, $HHH, $GRMN, $ETSY
Pre-market movers $AAPL flat: Expected to today announce a new product, with the most likely candidate the iPhone SE 4 $ADI +6%: EPS & rev. topped; Raised Q div. 8% & authorised additional $10bln for buyback $CDNS -3.5%: FY rev. & profit guidance disappoints citing soft…
