Tesla, Carnival, Polestar fall premarket; Paramount Global rises

July 02, 2024 05:14 PM IST | By Investing
 Tesla, Carnival, Polestar fall premarket; Paramount Global rises

Investing.com -- U.S. stock futures slipped lower Tuesday, consolidating from record levels ahead of jobs data and a speech from Fed chair Jerome Powell.

Here are some of the biggest premarket U.S. stock movers today:

  • Tesla (NASDAQ:TSLA) stock fell 1.6% after the EV manufacturer’s June sales of China-made electric vehicles fell 24.2% from a year earlier, data from the China Passenger Car Association showed on Tuesday.

  • Paramount Global (NASDAQ:PARA) stock rose 3.1% after the New York Times reported that the billionaire Barry Diller is considering a bid to take over the company after the studio he formerly led pulled out of a merger with Skydance Media.

  • Boeing (NYSE:BA) stock fell 0.4% after the Associated Press reported that the U.S. Justice Department is waiting for the planemaker to accept a plea deal to settle felony fraud charges related to two fatal crashes of its 737 Max planes.

  • Carnival (NYSE:CCL) stock fell 1.1% and Norwegian Cruise Line (NYSE:NCLH) dropped 1.2% as Hurricane Beryl worked its way through the Caribbean, potentially disrupting cruise activity.

  • Polestar (NASDAQ:PSNY) stock fell 5% after the EV maker posted a first-quarter operating loss, adding that it will have to take steps to offset hefty EU and U.S. import tariffs on its Chinese-made electric cars.

  • Pure Storage (NYSE:PSTG) stock fell 5% after UBS downgraded the company, which develops all-flash data storage hardware and software products, to “sell” from “neutral”, highlighting concerns over slowing growth, market share decline, and an overvalued stock price.

  • CrowdStrike (NASDAQ:CRWD) stock slipped 2.5% after Piper Sandler downgraded its stance on the cybersecurity firm to "neutral" from "overweight", citing valuation concerns, saying risk/reward is less “favorable”.

  • Incyte (NASDAQ:INCY) stock fell 3.1% after BMO Capital Markets downgraded the pharmaceutical group to "underperform" from "market perform", citing concerns that revenues from its key eczema cream Opzelura would likely be "challenged".

This article first appeared in Investing.com


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Limited, Company No. 12643132 (“Kalkine Media, we or us”) and is available for personal and non-commercial use only. Kalkine Media is an appointed representative of Kalkine Limited, who is authorized and regulated by the FCA (FRN: 579414). The non-personalized advice given by Kalkine Media through its Content does not in any way endorse or recommend individuals, investment products or services suitable for your personal financial situation. You should discuss your portfolios and the risk tolerance level appropriate for your personal financial situation, with a qualified financial planner and/or adviser. No liability is accepted by Kalkine Media or Kalkine Limited and/or any of its employees/officers, for any investment loss, or any other loss or detriment experienced by you for any investment decision, whether consequent to, or in any way related to this Content, the provision of which is a regulated activity. Kalkine Media does not intend to exclude any liability which is not permitted to be excluded under applicable law or regulation. Some of the Content on this website may be sponsored/non-sponsored, as applicable. However, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content. Some of the images/music/video that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music or video used in the Content unless stated otherwise. The images/music/video that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.
This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Sponsored Articles


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.