US PRE-MARKET MOVERS: MS, BAC, PNC, SNAP, GTLB, AVGO, AMT, ASML, SEDG, WULF
SourceNewsquawk
SectionUS Equities
ES flat NQ flat RTY -0.2%
- MS +2.6%: EPS, rev., NII & FICC sales all surpass exp.
- BAC +1.4%: EPS, rev., & NII topped although FICC trading rev. missed
- PNC -0.3%: Top line & NII light
- SNAP +9%: Raises Q1 outlook & will lay off ~16% of its workforce
- GTLB +6%: Expanded its partnership w/ Google Cloud
- AVGO +2.9%: Co. & META announced multi-year, multi-gen strategic partnership to support Meta’s AI compute infrastructure, extending through 2029
- AMT +1.1%: Upgraded at Mizuho
- ASML -1.1%: Next Q rev. guide light, but did raise FY net sales view w/ strong Q1 numbers
- SEDG -2.6%: Downgraded at Goldman
- WULF -8%: Announced disappointing prelim Q numbers
- Smartphones: IDC said global smartphone market fell 4.1% in Q1 as a memory chip shortage & Iran war pressured costs & growth