Before the bell rings, take a look at the businesses that are making news.
Levi Strauss: Stock rose 11% after reaffirming its full-year outlook and reporting first-quarter earnings of 38 cents per share, up 52% from last year, with revenues at $1.53 billion, a 3% increase.
Health Insurers: Stocks climbed as the Trump administration announced a 5.06% payment rate increase for Medicare, benefiting companies like Humana (up 15%), CVS Health (up 9%), and UnitedHealth (up 8%).
Lockheed Martin: Shares increased 2% following Vietnam’s commitment to purchase U.S. defense products.
Broadcom: Stock gained 3% after announcing a $10 billion share repurchase program, signaling board confidence in the company’s market position.
Marvell: Shares rose 4% after agreeing to sell its auto ethernet business to Infineon Technologies for $2.5 billion.
Johnson & Johnson: The stock climbed 2% after Goldman Sachs upgraded it to a buy rating, highlighting growth opportunities.
Charles Schwab: Shares increased 2.7% following an upgrade from Morgan Stanley to overweight, favoring brokers with stable revenue sources.
Ross Stores & Ralph Lauren: Stocks rose 2% and 4%, respectively, after Goldman Sachs upgraded both, citing improved performance prospects.
Greenbrier: The stock fell 2% after lowering its full-year revenue guidance to between $3.15 billion and $3.35 billion.
Eli Lilly: Shares gained 2% after an upgrade to buy by Goldman Sachs, noting an attractive entry point for investors.
Dave & Buster’s Entertainment: Shares rose nearly 2% after positive business outlook comments from management.
Janover: Shares dropped 17% in premarket trading after a previous 800% surge linked to a new crypto strategy focused on Solana.
Source (CNBC)
