May. 26 at 12:56 PM
$PONY $ESLT $ITRN $VICR $LLY
PRE-MARKET MOVERS:
Currently Higher After Earnings:
- Pony AI (PONY) up 17.7%
- Elbit Systems (ESLT) up 12.1%
- Ituran (ITRN) up 4.5%
Currently Also Higher:
- Vicor (VICR) up 7.7% after raising Q2 revenue view to
$142M from
$126M
- Eli Lilly (LLY) up 1.2% after agreeing to acquire Curevo, LimmaTech Biologics, and Vaccine Company to build its infectious diseases portfolio
- Semiconductor stocks, including Micron (MU), up 8.5%, and Qualcomm (QCOM), up 3.1%, on hopes that easing geopolitical tensions around the Iran conflict could reduce supply-chain and risk-premium pressures across the semiconductor sector
- Space stocks rose, with Intuitive Machines (LUNR) gaining 10.1% and AST SpaceMobile (ASTS) up 6.2%, with Cantor Fitzgerald saying optimism around government and commercial space contracts grew following a
$90M U.S. Space Force award to Rocket Lab (RKLB) and continued positive commentary on industry demand
Currently Lower After Earnings:
- AutoZone (AZO) down 5.2%
Currently Also Lower:
- Ferrari (RACE) down 3.2% after unveiling the Ferrari Luce, a five-seat EV
- Exxon Mobil (XOM) and Chevron (CVX) down 1.2% and 1.0%, respectively, after Barclays said depleting inventories, shrinking OPEC spare capacity, and a "muted" U.S. production response to the Middle East war are reinforcing a tighter oil macro backdrop that is not fully reflected in equities
