Morning Alert for 5th July 2024 from The Tokenist
What to look out for as another trading day kicks off!
Created at 8:22 AM EDT.
No major firms have reported/are to report earnings today.
⏰ Premarket News Roundup:
What’s moving the stocks in today’s premarket trading session?
Let’s take a quick look:
TSLA (+2.67%): Tesla's stock rose by 2.67% due to strong EV sales and the company's ongoing momentum in the market. (Read our article: Tesla Added to Chinese Government Fleet, Stock Sees Slight Gains).
WRK (+1.91%): WestRock's stock increased by 1.91% following the approval of its merger with Smurfit Kappa by shareholders.
MRNA (+1.42%): Moderna's stock went up by 1.42% after securing BARDA funding for its bird flu vaccine.
NXPI (+1.36%): NXP Semiconductors saw a 1.36% rise in its stock price, driven by positive performance and market outperformance.
FCX (+1.3%): Freeport-McMoRan's stock increased by 1.3% due to the commissioning of its new Indonesian smelter.
ON (+1.06%): ON Semiconductor's stock rose by 1.06% following the acquisition of SWIR Vision Systems, enhancing its intelligent sensing portfolio.
AVGO (+1.06%): Broadcom's stock increased by 1.06%, supported by bullish sentiments from hedge funds and its anticipated stock split.
HOLX (-1.2%): Hologic's stock fell by 1.2% despite recent positive movements, which could be attributed to market fluctuations.
AWK (-1.52%): American Water Works saw a 1.52% decline in its stock price, possibly due to recent debt-related concerns.
LEN (-1.58%): Lennar's stock dropped by 1.58% following a downgrade from Citi, impacting home builder shares.
*Change over the last 24 hours, accurate as of 8:22 AM EDT.