Premarket Stock Movements: Macy's, Meta, Apple, Novartis and Others
Macy’s shares dipped slightly in premarket trading despite beating second-quarter revenue estimates and raising full-year guidance. Meanwhile, Meta rose on a JPMorgan upgrade citing AI potential, while Apple gained after unveiling new products. Novartis climbed nearly 2% following reports of board restructuring demands from a major shareholder. Copper miners saw significant declines as prices fell after hitting record highs earlier in the week; Freeport-McMoRan and Southern Copper dropped over 6%. AeroVironment surged more than 5% on strong first-quarter results. American Eagle Outfitters, Navan, Cooper Companies, and Enbridge all experienced sharp drops due to earnings misses or disappointing guidance. The mixed premarket session highlights varied investor reactions across sectors—from retail and tech to energy and mining—reflecting ongoing concerns about corporate performance amid shifting market conditions.
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Topics: analyst_upgrade corporate_governance earnings_report product_launch stock_performance