Key Points to Watch Out For:
- Intel shares jump 6% in premarket trading on SoftBank investment.
- Palo Alto beats estimates, lifts annual outlook; stock up 5% premarket.
- Home Depot misses expectations, keeps guidance; down 2% before the open.
Intel (INTC): SoftBank Investment and Possible U.S. Stake
Shares gained 6% in premarket trading after SoftBank agreed to invest $2 billion. The announcement coincides with reports of a potential U.S. government bailout that could involve a 10% ownership stake. SoftBank shares slipped 4% in Tokyo following the news.
Medtronic (MDT): Board Shake-Up and Stock Gains
The medical device maker announced board changes after Elliott Investment Management emerged as a major shareholder, according to The Wall Street Journal. Shares advanced 3% in premarket trading, ahead of upcoming earnings.
Home Depot (HD): Weak Results, Guidance Reaffirmed
The home improvement retailer reported disappointing quarterly earnings but maintained its full-year outlook. Shares declined 2% before the open.
Palo Alto Networks (PANW): Strong Results and Raised Outlook
The cybersecurity company beat expectations and lifted its full-year sales and earnings guidance. Shares rose about 5% in premarket trading.
Tegna (TGNA): Merger Talks Intensify
Sinclair has proposed merging its television assets with Tegna, according to The Wall Street Journal. Tegna is also in discussions with Nexstar Media over a potential sale. Shares of Tegna advanced in after-hours trading, while Nexstar declined.
Rheinmetall (RHM), Leonardo (LDO), and Saab (SE:SAAB.B): Defense Stocks Retreat
European defense companies moved lower after President Trump’s meeting with Ukraine’s president on Monday about peace efforts with Russia. Shares of Rheinmetall, Leonardo, and Saab declined on concerns over potential de-escalation.
