Stocks making big premarket moves: Cheniere Energy, Nike, Kratos, ASML and more

CNBC

4 days ago

Check out the companies making the biggest moves in premarket trading: Energy stocks — Many companies jumped after the European Union agreed to buy $750 billion worth of U.S. energy as part of a trade deal. Shares of Venture Global climbed 6%, New Fortress Energy rose 5%, Cheniere Energy and NextDecade rallied nearly 4%, Eaton and Constellation Energy each added about 2% and EQT moved up more than 1%. Nike — Shares added 4% after JPMorgan upgraded to overweight from neutral. JPMorgan said the athletic shoe maker can recover over the next several years. Defense stocks — Military and defense companies rose premarket Monday after President Donald Trump said that the EU would be "purchasing hundreds of billions of dollars worth of military equipment" as part of the U.S. trade deal with the European Union. Kratos Defense and Security Solutions and Lockheed Martin advanced 2.3% and 1%, respectively. RTX gained about 1%. ASML , STMicroelectronics — U.S.-listed shares of the European semiconductor equipment and semiconductor manufacturers gained 3.7% and 1.4%, respectively, on the back of the U.S. and European trade deal. Stellantis — Shares of the Netherlands-based maker of Chrysler and Jeep automobiles slipped 3% following the U.S.-European trade deal, which imposes a 15% blanket tariff on EU goods, including automotive products . The European Automobile Manufacturers Association said the levies will continue to have a negative impact on the industry. PagerDuty — The cloud computing provider popped 6% following a Reuters report that it's exploring a potential sale after receiving buyer interest. Cisco Systems — The maker of computer networking equipment lost 1.3% after a downgrade at Evercore to in line from outperform. The investment bank said any upside in Cisco is now largely priced into the stock. Revvity — Shares of the biotechnology company sank nearly 6% following its latest quarterly results and updated full-year guidance. The diagnostics researcher earned an adjusted $1.18 per share on revenue of $720.3 million, above the $1.14 and $710.4 million that analysts polled by FactSet were estimating. Revvity cut its earnings forecast for 2025 to between $4.85 and $4.95 per share, excluding one-time items, down from prior guidance of $4.90 to $5.00, with the midpoint below the consensus estimate of $4.93. Tesla — The EV-maker added 1.6%. CEO Elon Musk confirmed Sunday that Tesla signed a $16.5 billion chip contract with Samsung Electronics. Texas Instruments — The stock rose 1.3% following an upgrade to outperform from peer perform at Wolfe Research. The firm said it sees a cyclical recovery ahead at the end of a multiyear capital spending cycle. —CNBC's Alex Harring, Sean Conlon and Pia Singh contributed reporting.