US PRE MARKET MOVERS: ASML, MS, PYPL, CAG, PNC
Markets reacted to strong AI-driven earnings from ASML and a major acquisition bid for PayPal, while Elevance Health and Conagra fell on margin and profit guidance concerns.
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US pre-market movers ES +0.1% NQ +0.4% RTY unch. ASML +3.5%: EPS & rev. beat w/ strong next Q top line guidance & raising FY outlook MS +1.2%: Impressive Q metrics w/ strong rev. breakdown PYPL +20%: Stripe & Advent submitted an offer to acquire Co. for $60.50/shr; closed Tues. at $47.37/shr PNR -20%: CFO resigns w/ dismal prelim Q2 results LION +9%: Attracts takeover interest from Bollore & Banijay BLK +4.8%: AUM, EPS & rev. surpassed St. exp. $ELV -9%: Benefit expense ratio +80bps Y/Y, although top & bottom line w/ solid FY profit outlook PNC +1.3%: EPS, rev., & NIl topped $MRK +2.4%: Phase 3 Keytruda study met primary endpoint of PFS CAG -4%: Sees FY profit below estimates TRV -0.5%: Downgraded at MS
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