Premarket movers:
Mag 7 stocks are mixed: Apple (AAPL) +0.6%, Meta Platforms (META) -0.1%, Alphabet (GOOGL) -0.5%, Nvidia (NVDA) -0.6%, Amazon (AMZN) -0.6%, Microsoft (MSFT) -0.7%, Tesla (TSLA) -0.8%
Constellation Brands (STZ) is down 5.5% after the maker of Modelo Especial and Corona Extra reaffirmed its comparable earnings per share forecast for the full year. The company also announced the acquisition of SpikedAde, a vodka-based drink brand.
Flutter Entertainment (FLUT) is up 3% after Citi upgraded the stock to buy from neutral, saying recent share-price weakness on concerns over Brazil and September US sports results is overdone.
Neogen (NEOG) gains 13% after the life sciences firm reported adjusted earnings per share for the first quarter that exceeded Wall Street’s expectations.
NetApp Inc. (NTA) is up 1.8% after Evercore ISI upgraded the computer hardware and storage company to outperform from inline, seeing a strong growth outlook.
Penguin Solutions (PENG) gains 4.2% after the semiconductor device company reported fourth-quarter results that beat expectations and gave an outlook that is seen as strong.
Sigma Lithium (SGML) is up 4% after the company said it has resumed operations after a Brazilian court of appeals upheld its environmental licenses.
SpaceX (SPCX) falls 2.4% as the company is in talks with banks and investors to raise $40 billion to buy chips from Nvidia Corp., according to people familiar with the matter.