Tesla, Nvidia and Under Armour fall premarket; Robinhood, Dollar General rise

March 14, 2024 11:04 PM AEDT | By Investing

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Tesla, Nvidia and Under Armour fall premarket; Robinhood, Dollar General rise

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Investing.com -- U.S. futures edged higher Thursday, as investors awaited the release of more inflation data, looking for clues as to when the Federal Reserve will start its rate-cutting cycle.

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

Tesla (NASDAQ:TSLA) stock fell 1.5% after UBS cut its target price on the EV manufacturer, citing downside risks to delivery forecasts.
Nvidia (NASDAQ:NVDA) stock fell 1.8%, continuing the recent selloff of the dominant supplier of artificial-intelligence chips from an elevated level. The company's annual developer conference is set to take place on Monday.
Robinhood (NASDAQ:HOOD) stock soared 12% after the brokerage reported strong growth in assets under custody for the month of February.
SentinelOne (NYSE:S) stock fell 9.5% after the cybersecurity firm delivered underwhelming full-year guidance that overshadowed strong fourth-quarter results, causing the stock to suffer from comparison with rival CrowdStrike’s stellar results.
Under Armour (NYSE:UA) stock fell 7.8% after the sports apparel maker said that founder Kevin Plank will return to the company as CEO, as the company struggles to compete in a difficult macro environment.
Fisker (NYSE:FSR) stock slumped 40% after the WSJ reported that the electric vehicle startup has hired restructuring advisers to assist with a possible bankruptcy filing.
Dollar General (NYSE:DG) stock rose 6.1% after the discount retailer forecast upbeat 2024 sales, expecting steady demand from price-conscious shoppers.
Restaurant Brands (NYSE:QSR) stock rose 0.4% after the Burger King parent named Sami Siddiqui as its chief financial officer and made a slew of other leadership changes, as the company tries to navigate weakness in some international markets.
Dick’s Sporting Goods (NYSE:DKS) stock rose 4.6% after the retailer posted an upbeat fourth quarter earnings report, saying the holiday period was the strongest sales period in the company’s history.
Citigroup (NYSE:C) stock rose 1.6% after Goldman Sachs (NYSE:GS) upgraded its investment stance on the U.S. lender to ‘buy’ from ‘neutral’, citing its growth potential.

This article first appeared in Investing.com

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