Stock futures traded mostly lower Monday as investors increased bets the Federal Reserve would pull back on stimulus following a stronger-than-expected U.S. jobs report.
Here are some of the top movers during premarket trading on Monday:
1. Advanced Micro Devices – Up 0.3%
Advanced Micro Devices (AMD) – Get Report shares wavered after analysts at BMO Capital Markets boosted their rating and target price for the chipmaker amid an improving earnings backdrop and market-share gains.Â
2. Tesla – Up 1.5%
Tesla (TSLA) – Get Report shares advanced after Jefferies analysts upgraded their rating on the stock, predicting it would rally 22% over the next 12 months as the electric carmaker continues to prove both a leader and innovator in the mass-production EV and battery market.
3. AMC Entertainment – Down 1.9%
Shares of AMC Entertainment (AMC) – Get Report slipped as as meme-stock retail investors on stock-trading platform Stocktwits talked up the potential for the shares to extend gains. Microvast (MVST) – Get Report was surging after also being mentioned by retail investors.
4. Golden Nugget Online Gaming – Up 54%
Golden Nugget Online Gaming (GNOG) – Get Report shares leaped after the company agreed to be acquired by online sports-gambling company DraftKings (DKNG) – Get Report for about $1.56 billion. The transaction is expected to close in the first quarter.
5. Sanderson Farms – Up 7.9%
Shares of Sanderson Farms (SAFM) – Get Report surged after the chicken producer agreed to be bought by a Cargill and Continental Grain joint venture in a deal valued at $4.53 billion. Sanderson Farms will be combined with Wayne Farms, a Continental Grain subsidiary, to form a new, privately held poultry business.
