Mattel, AMC Entertainment, Chevron rise premarket; Tesla, Domino's fall
Investing.com -- U.S. futures traded higher Monday, starting a crucial week, which includes more corporate earnings and a Federal Reserve meeting, on a positive note.
Here are some of the biggest premarket U.S. stock movers today:
Mattel (NASDAQ: MAT) stock rose 1.5% after the "Barbie" movie became the highest-grossing movie so far this year domestically, and this is expected to translate into higher sales of the toymaker’s iconic doll.
AMC Entertainment (NYSE: AMC) stock soared 40% after a judge blocked the theater chain's stock conversion plan that risked diluting investors' holdings.
Apple (NASDAQ: AAPL) stock rose 0.5% after Bloomberg reported that the tech giant is asking suppliers to produce about 85 million units of the iPhone 15 this year, roughly in line with the year before.
Tesla (NASDAQ: TSLA) stock fell 1.1% after UBS downgraded its stance on the EV manufacturer to ‘Neutral’ from ‘Buy’, saying the recent rally means the stock is now fairly valued.
Spotify (NYSE: SPOT) stock rose 0.2% after the music streaming company said it was raising the prices for its premium plans by $1 each in the United States, in an attempt to boost profitability.
Chevron (NYSE: CVX) stock rose 0.6% after the oil major revealed over the weekend a $6 billion net profit in the quarter ended June 30, ahead of expectations.
Johnson & Johnson (NYSE: JNJ) stock rose 0.8% after the drugmaker launched an exchange offer for its investors to exchange J&J's shares with those of its consumer health unit Kenvue (NYSE: KVUE).
Domino’s (NYSE: DPZ) stock fell 0.9% after the pizza chain missed expectations for second-quarter revenue, as elevated delivery fees and higher prices to boost margins hurt demand.
- Public Storage (NYSE: PSA) stock rose 0.1% after the self-storage properties operator agreed to buy Simply Self Storage from Blackstone Real Estate Income Trust for $2.2 billion.