US PRE-MARKET MOVERS: MSTR, UBER, X, DIS/FUBO, AAL, BA, PLTR, PYCR/PAYX, HNHPF

ES +0.8% NQ +1% RTY +1%

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  MSTR +4%: To target a capital raise of up to $2B of preferred stock.


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  UBER +5.5%: Best ideas list @ Wedbush & announces $1.5bln accelerated share buyback prog.


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  X +4%: Co. & Nippon Steel file lawsuits after Biden blocks $14.9bln deal.


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  DIS +0.5% reportedly near a deal to merge Hulu+ live into FUBO +45%.


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  AAL +5%: Upgraded at a couple of brokerages.


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  BA +2%: Upgraded at Barclays; said it has shored up its balance sheet so it is no longer an overhang, while its FCF trajectory is "much more reasonable”.


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  PLTR -1%: MS assumes coverage with ‘Underweight’ rating; notes it is winning early rounds of AI, but valuation premium negatively skews risk/reward.


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  PYCR +20%: PAYX in advanced negotiations to acquire its smaller competitor in payroll processing, Paycor.


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  HNHPF +1%: Foxconn’s Q4 rev. hit a record $64.7bln, topping exp., driven by strong AI server demand.

06 Jan 2025 - 13:06- EquitiesResearch Sheet- Source: Newsquawk