US PRE-MARKET MOVERS: FDX, SMCI, NXST, TGNA, PL, UL, MKC, ARM, CMG, FIGS

ES -0.4% NQ -0.5% RTY -0.4%

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  FDX +7.2%: Topped earnings expectations; raised outlook.


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  SMCI -26.5%: US probe into workers about NVDA chips illegally diverted to China.


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  NXST +1.3%, TGNA +9.4%: DOJ clear the NXST acquisition of TGNA.
  


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  PL +17.3%: Earnings beat w/ outlook strong.


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  UL +1.3%, MKC +0.5%: UL in talks to separate its food business and combine it with MKC in an all-stock deal.


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  ARM +2.6%: Double upgraded at HSBC.


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  CMG +1.2%: Upgraded at Mizuho to 'Outperform' from 'Neutral'.


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  FIGS +5.5%: Upgraded at Oppenheimer to 'Outperform' from 'Perform'.

20 Mar 2026 - 12:00- EquitiesUS Research- Source: Newsquawk