Stocks making the biggest moves premarket: TSLA, AAPL, AMZN, SPOT
Check out the companies making headlines in premarket trading. Tesla — The electric vehicle company pulled back more than 4% after Barclays cut its price target on Tesla, citing “confusing” visibility into first-quarter earnings. Netflix — The streaming giant’s stock added 2% following the company’s first-quarter earnings and revenue beat. Netflix also said it sees no significant impact from tariffs. On Monday, several Wall Street analysts increased their price targets on the stock. Amazon — Shares of the e-commerce giant ticked 1.7% lower following Raymond James’ downgrade to outperform from strong buy. The firm also slashed its price target, citing headwinds tied to tariffs and concerns with the economic backdrop Apple — Shares slipped nearly 3%, as the company continues to contend with uncertainty surrounding President Donald Trump’s tariffs. The iPhone maker is down more than 11% in April. Alphabet — The tech giant fell 1.4% after a federal judge last week determined Alphabet holds an illegal monopoly in online advertising markets. That comes ahead of the Google-parent’s earnings results set to release Thursday. Spotify — The streaming music company rose 1% after an upgrade to outperform from peer perform at Wolfe Research. The investment firm said Spotify’s moves to diversify away from music should help expand its margins. Hertz Global — The car rental company dropped more nearly 10%, giving back a chunk of its sharp gains from last week. Hertz shares more than doubled last week after billionaire investor Bill Ackman disclosed a stake in the company. Newmont — Shares of the gold miner climbed more than 3% as the precious metal climbed to fresh record highs above $3,400 per ounce. The VanEck Gold Miners ETF (GDX) also traded over 3% higher. — CNBC’s Jesse Pound, Alex Harring, Michelle Fox and Sarah Min contributed reporting. Get Your Ticket to Pro LIVE Join us at the New York Stock Exchange! Uncertain markets? Gain an edge with CNBC Pro LIVE , an exclusive, inaugural event at the historic New York Stock Exchange. In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12. Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!
