Here are some of the biggest premarket US stock movers today - Dec. 19 2024

[Abiel 475]

Here are some of the biggest premarket US stock movers today - Dec. 19 2024

 The Federal Reserve cut its key interest rate by 0.25% and signaled a cautious approach to further cuts. It now expects only two more rate reductions in 2025, down from four projected in September.  

 The Supreme Court will hear arguments on Jan. 10 regarding a law that could ban ByteDance’s TikTok. The ruling could have implications for $META and other social media companies.  

 OpenAI launched 1-800-CHATGPT, allowing users to interact with its chatbot by phone or WhatsApp. Consumers will get 15 minutes free per month, expanding the AI tool’s accessibility.  

 $AAPL is reportedly in talks with Tencent and ByteDance to integrate their AI models into iPhones sold in China, a key market for the tech giant, according to Reuters.  

 $MU is down 11.6% after issuing weak second-quarter guidance despite beating earnings expectations.  

 $TSLA is up 3.5% premarket, rebounding after an 8% decline on Wednesday. The stock remains up 77% for the year.  

 $NVDA is up 2.6% in premarket trading, recovering from recent declines tied to broader market trends.  

 $LEN is down 8.2% after reporting lower fourth-quarter earnings and revenue due to higher mortgage rates affecting the housing market.  

 $PLTR is up 2.7% after extending a U.S. Army contract worth up to $619 million, highlighting continued reliance on its data analytics services.  

 $LW has fallen 20% after disappointing earnings and announcing CEO Thomas Werner’s resignation, raising concerns about the company’s future.  

 $ACN and $KMX are up 5.9% and 6.4%, respectively, after both companies posted better-than-expected earnings results.

 $TRIP is up 10.7% after announcing plans to acquire Liberty TripAdvisor Holdings in a $435 million deal.  

 $DRI rose 8.2% after reporting better-than-expected fiscal second-quarter results, with a 6% sales increase and optimistic guidance.  

 $KMX up 7.2% after posting third-quarter earnings and revenue that surpassed analyst forecasts, driven by higher unit sales and strong profit margins.  

 $ACN is up 5.7% after exceeding first-quarter revenue estimates, supported by growing demand for its AI-powered services.  

 $AMZN rose 1.4%, recovering from a nearly 5% decline in the prior session, despite strikes at seven U.S. facilities aimed at pushing the retailer into union contract talks.  

 $DLTR named interim CEO Michael Creedon as its permanent chief executive.

 

Disclaimer:

The information provided is for informational purposes only and should not be considered financial advice. Market movements are subject to change as trading activity continues before and after the market opens. Traders and investors are encouraged to conduct their own research, verify news from reliable sources, and consider their financial situation before making trading and investment decisions. Trading involves risk, and past performance is not indicative of future results.