Look at the firms that are generating news in the premarket trade.
The Atlassian Corporation Following Piper Sandler’s upgrade to overweight, shares increased by around 2%. the software stock may increase as more people move their data to the cloud. Investors can consider the stock’s current price to be a compelling entry point.
Paramount Global: The revelation that the legacy media company’s streaming division was in talks with multiple entities about a possible merger sent its stock up more than three percent.
Tesla: Before the bell, the shares of the electric car maker fell 1.5%. On Monday, it had jumped 6%. The business is expected to release its second-quarter delivery figures on Tuesday morning.
Horton, D.R., Lennar Corporation Tuesday saw a more than 2% decline in both home construction stocks following Citi’s downgrade to neutral. “We see risk and reward in 2H as roughly balanced, and move to the sidelines,” said analyst Anthony Pettinari, “there is much to like about DHI and LEN (share gain, strong cash flows, resilient GM).”
Source (CNBC)
