Premarket movers Mag 7 stocks are mostly higher: (Nvidia (NVDA) +1.9%, Alphabet (GOOGL) +1.1%, Amazon (AMZN) +1%, Tesla (TSLA) +1%, Apple (AAPL) +0.4%, Meta Platforms (META) +0.05%, Microsoft (MSFT) -1.4%) Candel Therapeutics (CADL) tumbles 34% after the biotech delayed its application for aglatimagene in prostate cancer to mid-2027 while talks with the FDA continue. Cerebras Systems (CBRS) gains 15% after the chipmaker gave a sales guidance well above estimates, while unveiling new deals with Oracle and Microsoft. Cisco (CSCO) falls 3% after the networking gear maker’s fiscal first quarter product order growth disappointed. Gross margins are seen coming under pressure in the next few quarters as revenue has become more reliant on AI hyperscalers. Flowers Foods (FLO) falls 9% after the packaged bakery foods producer cut its sales guidance for the full year, which missed the average analyst estimates. Sales for the third-quarter also came below Wall Street’s consensus. Liftoff Mobile (LFTO) gains 21% after the mobile advertising company’s third-quarter adjusted earnings per share beat the average analyst estimate. Lowe’s (LOW) slips 2% after Stifel cut its recommendation on the home improvement retailer to sell and reduced the price target to a Street-low $190 from $195. Nu Holdings (NU) rises 4% after quarterly profit that beat analyst estimates as the Brazilian fintech pushes into new markets. Palo Alto Networks (PANW) gains 4% after the cybersecurity stock received an upgrade by KeyBanc, which sees security budgets on a material acceleration in 2027 due to more threats caused by AI. Sellas Life Sciences (SLS) rises 11% after the drug developer said it expects to report topline results from a late-stage trial of its experimental cancer therapy in November.