Premarket Stock Movers: Cleveland-Cliffs, Intel, Datadog, Amazon and Blue Owl Capital
Cleveland-Cliffs' stock rose over 10% premarket after the steelmaker reported better-than-expected Q3 earnings. The company posted adjusted EPS of $0.28 versus a FactSet estimate of $0.21. This comes amid legal threats from Canada regarding layoffs at its Stelco operations. Intel shares climbed nearly 4% following an upgrade to neutral by JPMorgan, citing solid management execution and growing confidence in the company's turnaround efforts. Datadog gained 3% after Bernstein upgraded it to outperform due to AI-driven growth potential.
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Topics: earnings M&A_rumors stock_upgrades