U.S. STOCKS ON THE MOVE-IBM, Wayfair, Netflix

Kaman

19/01/2024 14:21

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U.S. stock index futures edged higher on Friday, driven by gains in chip and
megacap stocks, while investors reassessed expectations of a March rate cut and
awaited earnings reports from corporate America.  .N 
    
    At 9:10 ET, Dow e-minis  1YMc1  were up 0.46% at 37,834. S&P 500 e-minis
 ESc1  were up 0.38% at 4,829.75, while Nasdaq 100 e-minis  NQc1  were up 0.62%
at 17,216.75.
 
 The top three NYSE percentage gainers premarket  .PRPG.NQ :
 ** Kaman Corporatn  KAMN.K , up 101.0%
 ** Tricon Residential Inc  TCN , up 28.5%
 ** Spirit Airlines Inc  SAVE.K , up 26.3%
 
 The top three NYSE percentage losers premarket  .PRPL.NQ :
 ** Chegg Inc  CHGG.K , down 9.8%
 ** Metropolitan Bank Holding Corp  MCB , down 6.3%
 ** Coursera Inc  COUR.K , down 6%
 
 The top three Nasdaq percentage gainers premarket  .PRPG.O :
 ** Mesa Air Group Inc  MESA.O , up 85.9%
 ** Processa Pharmaceuticals Inc  PCSA.O , up 59.3%
 ** IX Acquisition Corp  IXAQW.O , up 56.3%
 
 The top three Nasdaq percentage losers premarket  .PRPL.O :
 ** C3is Inc  CISS.O , down 68.1%
 ** Katapult Holdings Inc  KPLTW.O , down 52.3%
 ** TG Venture Acquisition Corp  TGVCW.O , down 45.3%
 
 
 ** Travelers Companies Inc  TRV.N : up 5.4% premarket
 BUZZ - Shares rise ahead of results due early Friday  urn:newsml:reuters.com:*:nL1N3E82LZ 
    
 ** Super Micro Computer Inc  SMCI.O : up 10.4% premarket
 ** Nvidia Corp  NVDA.O : up 1.6% premarket
 ** Advanced Micro Devices Inc  AMD.O : up 1.6% premarket
 ** Broadcom Inc  AVGO.O : up 1.5% premarket
 BUZZ - Rosy outlook powers chip stocks  urn:newsml:reuters.com:*:nL4N3E923T 
    
 ** Esperion Therapeutics Inc  ESPR.O : down 20.5% premarket
 BUZZ - Slides on deep-discounted stock offering  urn:newsml:reuters.com:*:nL1N3E90PF 
    
 ** Coherus BioSciences Inc  CHRS.O : up 7.9% premarket
 BUZZ - Rises after liver cancer treatment shows promise in mid-stage study
 urn:newsml:reuters.com:*:nL4N3E92AE 
    
 ** Spirit Airlines Inc  SAVE.N : up 26.3% premarket
 BUZZ - Gains as company mulls options to refinance debt  urn:newsml:reuters.com:*:nL4N3E923G 
    
 ** International Business Machines Corp  IBM.N : up 2.1% premarket
 BUZZ - Rises after brokerage upgrades on improving enterprise spending
 urn:newsml:reuters.com:*:nL4N3E92D0 
    
 ** Wayfair Inc  W.N : up 14.5% premarket
 BUZZ - Climbs as furniture retailer cuts 1,650 jobs  urn:newsml:reuters.com:*:nL4N3E92IJ 
    
 ** Schlumberger NV  SLB.N : up 1.9% premarket
 BUZZ - Rises on Q4 profit beat, dividend increase  urn:newsml:reuters.com:*:nL4N3E92H6 
    
 ** AST SpaceMobile Inc  ASTS.O : down 21.9% premarket
 BUZZ - Descends after stock offering, new investments from AT&T, Google
 urn:newsml:reuters.com:*:nL1N3E90VI 
    
 ** Huntsman Corp  HUN.N : down 2.2% premarket
 BUZZ - Falls on EBITDA forecast cut  urn:newsml:reuters.com:*:nL4N3E92JX 
    
 ** Processa Pharmaceuticals Inc  PCSA.O : up 59.3% premarket
 BUZZ - Soars on expanding into breast cancer treatment trial  urn:newsml:reuters.com:*:nL4N3E92RG 
    
 ** Netflix Inc  NFLX.O : up 0.6% premarket
 BUZZ - Up after Benchmark raises PT on ad strength  urn:newsml:reuters.com:*:nL4N3E92M2 
    
 **  Kirkland's Inc  KIRK.O : up 9.1% premarket
 BUZZ - Up after rise in holiday sales, CEO change  urn:newsml:reuters.com:*:nL4N3E92IV 
    
 **  Kaman Corp  KAMN.N : up 101.0% premarket
 BUZZ - Surges on Arcline Investment's $1.8 bln buyout deal  urn:newsml:reuters.com:*:nL4N3E92SA 
    
 ** State Street Corp  STT.N : up 5.0% premarket
 BUZZ - Climbs on Q4 results beat  urn:newsml:reuters.com:*:nL4N3E92W2 
    
 ** Silk Road Medical Inc  SILK.O : up 8.0% premarket
 BUZZ - Rises after Stifel upgrades to 'buy', lifts PT  urn:newsml:reuters.com:*:nL4N3E92VL 

 (Compiled by Rajarshi Roy and Aatreyee Dasgupta)
 ((Rajarshi.Roy@thomsonreuters.com))