US PRE-MARKET MOVERS: TSM, ELV, GE, PEP, UAL, SRPT, USB, MMC, UNP, ALB/SQM, ADM/INGR, MP

ES flat NQ flat RTY -0.4%

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  TSM +4%: Net profit beat & rose to a record high driven by strong demand for AI chips; Strong next Q. rev outlook


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  ELV -3%: Profit missed, weak FY outlook & warned on costs


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  GE +2.5%: Top & bottom line beat alongside raising FY outlook


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  PEP +2%: EPS & rev. topped


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  UAL -2.7%: Rev. missed w/ next Q profit midpoint guide light


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  SRPT +40%: Announced job cuts & restructuring plans


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  USB –2%: EPS & rev. fell short w/ slightly disappointing next Q NII view


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  MMC +1%: Major metrics surpassed Wall St. expectations


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  UNP +5%: Explores potential rival bid; CEO has expressed interest in a transcontinental railroad, implying poss. interest in CSX +5% or NSC +2.5%


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  ALB +1.5% SQM +1.5%: China’s Zangge Mining halted lithium prod. at a unit in Qinghai province on orders from local officials


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  ADM -6.5% INGR -5.5%: Major US corn syrup makers pressured after Trump said he has been speaking to KO about using real cane sugar in Coke in the US & they agreed


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  MP -6%: Announced $500mln underwritten public offering of common stock w/ shares priced between $54.50-56.00

17 Jul 2025 - 12:15- EquitiesUS Research- Source: Newsquawk