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Deere, Snowflake and Starbucks fell premarket; Tesla, Salesforce rise

Published 24/09/2024, 09:08 pm
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Investing.com -- US stock futures traded with small gains Tuesday, as investors digested comments from a series of Fed officials as well as awaiting key inflation data.

Here are some of the biggest premarket US stock movers today

  • Boeing (NYSE:BA) stock fell 0.1% after the plane maker offered a sweetened labor deal to its more than 30,000 striking workers in the US Pacific Northwest, although their union has said it would not put the proposal to a vote.

  • Deere & Company (NYSE:DE) stock fell 1.1% after former President Donald Trump, the Republican presidential candidate, on Monday threatened the agricultural manufacturer with a "200% tariff" if it moves some production to factories in Mexico.

  • Salesforce (NYSE:CRM) stock rose 1.7% after Piper Sandler upgraded its investment stance on the software company to “overweight” from “neutral”, noting the potential for free cashflow per share to double to $20 by 2029.

  • Tesla (NASDAQ:TSLA) stock rose 0.9%, with Barclays (LON:BARC) expecting the EV manufacturer’s third-quarter electric vehicle deliveries to jump by 8% versus the year-ago period to roughly 470,000 units.

  • Visa (NYSE:V) stock fell 1.9% with the US Department of Justice preparing to file an antitrust lawsuit against the credit card giant, accusing it of anti-competitive behavior.

  • Snowflake (NYSE:SNOW) stock fell 3.5% after the cloud data storage company announced plans for a private placement of $2 billion convertible notes.

  • Starbucks (NASDAQ:SBUX) stock fell 1.6% after Jefferies downgraded its stance on the coffee chain to “underperform” from “hold”, saying its CEO-fueled rally was “overdone”.

  • Lowe’s (NYSE:LOW) stock rose 1.6% after Oppenheimer upgraded its stance on the retailer to “outperform” from “perform”, saying demand trends within home improvement tend to improve as lending rates moderate,

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