US PRE-MARKET MOVERS: WAL/JEF, MRVL, COST, GAP, PBR, NKE
SourceNewsquawk
SectionUS Equities
ES -0.6% NQ -0.8% RTY -0.8%
- WAL -6% JEF -4.5%: WAL filed a lawsuit & charged off $126.4mln in loan balances after JEF failed to make agreed-upon payments
- MRVL +12%: EPS, rev. topped w/ stellar guidance
- COST -0.5%: Top & bottom line surpassed exp.
- GAP -8%: Q metrics light & disappointing FY26 guidance w/ investors concerned about tariff headwinds weighing on margins
- PBR +2.5%: Profit beat as strong oil production & record exports offset weaker crude prices
- NKE flat: Will implement organisational changes aimed at improving efficiency & profitability W/ estimated pre-tax charges of C. $300mln