Published
7 months agoon
By
adminCheck out the companies making headlines in premarket trading. USA Rare Earth — The rare earth miner jumped 8.8% after CEO Barbara Humpton told CNBC that the company is in “close communication” with the White House. GameStop — The meme stock fell 2.7% after the company said in a filing it’s selling a combination assets ranging from common stock to debt for an undisclosed amount. Applied Materials — Shares slipped 2.2% after acknowledging in a regulatory filling that new U.S. export restrictions will hurt revenue. Applied Materials said the restrictions will lower fourth-quarter revenue by about $110 million and its fiscal year 2026 revenue by around $600 million. Uranium Energy — The uranium miner fell 2% after planning a secondary offering of 15.5 million shares. Goldman Sachs is the sole underwriter. Entergy — The utility rose 2% after announcing plans to provide power for Google ‘s planned technology investment worth around $4 billion in Arkansas. As part of the investment, Google will develop a new data center in West Memphis, Arkansas, the company’s first in the state. Zillow — Gordon Haskett Research Advisors upgraded Zillow to buy from hold, sending the real estate platform up more than 1%. The Wall Street researcher said the recent sell-off is overdone, creating an attractive buying opportunity. Zillow has declined 17% over the past two weeks on concerns regarding competitive encroachment and legal woes. Red Cat Holdings — The drone stock added 4% after Needham initiated research coverage at a buy. The firm said that the unmanned aerial systems industry is entering a supercycle and that Red Cat is well position to capture rising demand. Freeport-McMoRan — The copper and gold miner gained more than 1% after UBS upgraded Freeport to buy from neutral, saying it has been overly punished after declaring force majeure at its Grasberg mine in Indonesia following a deadly collapse. Force majeure is a legal declaration allowing a company to temporarily halt contractual supply obligations. “We believe the market is pricing in an overly pessimistic outcome for Grasberg recover, therefore see the risk vs reward as attractive,” UBS analyst Daniel Major wrote. — CNBC’s Yun Li, Fred Imbert and Sarah Min contributed reporting
This industrial giant is emerging as a big AI play, says Wells Fargo
Novo Nordisk’s strategy tested as investors push back on board revamp
Alibaba plans AI subscriptions, stablecoin-like payments with JPMorgan
UK borrowing costs spike on report government to scrap plans to raise income tax
Trump’s threatened the BBC with a $1B lawsuit: Here’s what’s going on
UBS’s picks for global returns next year
Wells Fargo sees Caterpillar continuing to roar higher, emerging as an artificial intelligence play. The bank initiated shares of...
Flags with the logos of Danish drugmaker Novo Nordisk, maker of the blockbuster diabetes and weight-loss treatments Ozempic...
Key Points Alibaba plans to use “tokenization” of payments for cross-border transactions in its business-to-business arm. Kuo Zhang, president...
Rachel Reeves, U.K. chancellor of the exchequer, delivers a speech in London, UK, on Tuesday, Nov. 4, 2025. Bloomberg...
US President Donald Trump speaks to reporters as he arrives at Palm Beach International Airport on Oct. 31,...
Investors looking for global diversification opportunities should look to a specific subset of stocks in Europe, according to UBS...
Eakarat Buanoi | Istock | Getty Images LISBON, Portugal — Top tech executives told CNBC they’re concerned about...
Tan Su Shan, deputy chief executive officer and managing director of institutional banking at DBS Group Holdings Ltd., speaks during...
CHENGDU, CHINA – OCTOBER 18: People walk past the Louis Vuitton store at Taikoo Li, a high-end shopping area that...
The United States said Thursday it will remove tariffs on some foods and other imports from Argentina, Ecuador, Guatemala and...
