Ultime notizie per Ferguson Enterprises (NYSE:FERG) Azioni

FERGUSON ENTERPRISES INC

Ferguson Enterprises

Ferguson

Ferguson distributes plumbing and HVAC products to North American repair, maintenance and improvement, new construction, and civil infrastructure markets. It serves over 1 million customers and sources products from 36,000 suppliers. Ferguson engages customers through approximately 1,800 North American branches, over the phone, online, and in residential showrooms. According to Modern Distribution Management, Ferguson is the largest plumbing distributor and second-largest HVAC distributor (next to Watsco) in North America. The firm sold its UK business in 2021 and is now solely focused on the North American market.

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Tra utili attesi e voci di un deal miliardario, il mercato si muove. Riflettori su retail, tech e una biotech sotto osservazione.

Dollar General, Signet Jewelers e 3 altre azioni da tenere d&#39;occhio oggi

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Ferguson Enterprises Inc

Needham analyst Ryan MacDonald reiterates Yext (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) with a Buy and maintains $10 price target.

News

Price Target

Reiteration

Analyst Ratings

YEXT

Needham Reiterates Buy on Yext, Maintains $10 Price Target

TD Securities analyst Andrew Charles reiterates First Watch Restaurant Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRG#NASDAQ">FWRG</a>) with a Buy and maintains $19 price target.

FWRG

TD Securities Reiterates Buy on First Watch Restaurant Gr, Maintains $19 Price Target

Needham analyst Mayank Tandon reiterates Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) from Hold to Hold.

GWRE

Needham Reiterates Hold on Guidewire Softwareto Hold

Needham analyst Mike Cikos reiterates Couchbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BASE#NASDAQ">BASE</a>) with a Buy and maintains $22 price target.

BASE

Needham Reiterates Buy on Couchbase, Maintains $22 Price Target

U.S. stock futures were slightly higher on Wednesday after advancing for two consecutive days. Futures of major benchmark indices rose slightly in premarket.
On Wednesday morning, a tariff increase signed by Donald Trump on Tuesday evening <a href="https://www.benzinga.com/news/topics/25/05/45708977/trump-doubles-steel-tariffs-to-50-saying-it-will-secure-american-jobs-backs-us-steels-takeover-by-japans-nippon">took effect</a>, raising duties on steel and aluminum imports from 25% to 50%, with the UK being the sole trading partner exempted from this hike. 
This latest action by the president intensifies ongoing trade disputes between the U.S. and major partners like China and the EU.
Meanwhile, the 10-year Treasury bond yielded 4.47% and the two-year bond was at 3.96%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 98.7% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.11%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.13%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.07%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.29%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Wednesday. The SPY was up 0.18% at $597.17, while the QQQ advanced 0.16% to $528.17, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Sectoral moves led U.S. stocks to close higher on Tuesday. Most S&amp;P 500 sectors ended positively, with energy, materials, and information technology stocks posting the largest gains.
However, communication services and real estate stocks defied the broader market trend, finishing the session in the red.
Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares soared approximately 3%. Dollar General Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) shares skyrocketed about 16% after the company announced stronger-than-anticipated first-quarter earnings and boosted its full-year forecast.
Signet Jewelers Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) shares climbed more than 12% on Tuesday following better-than-expected first-quarter financial results and an upward revision of its FY26 guidance.
On the economic data front, U.S. job openings grew by 191,000 to 7.391 million in April, surpassing market expectations of 7.10 million. New orders for U.S.-manufactured goods fell 3.7% month-over-month to $594.6 billion in April, compared to a 3.4% increase in March.
The Dow Jones index ended 214 points or 0.51% higher at 42,519.64, whereas the S&amp;P 500 index rose 0.58% to 5,970.37. Nasdaq Composite advanced 0.81% to 19,398.96, and the small-cap gauge, Russell 2000, gained 1.59% to end at 2,102.98.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.81%</td>
<td>19,398.96</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.58%</td>
<td>5,970.37</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.51%</td>
<td>42,519.64</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.59%</td>
<td>2,102.98</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Jim Cramer cautioned that President Trump's erratic trade policies are <a href="https://www.benzinga.com/markets/equities/25/06/45763260/jim-cramer-says-trump-is-distorting-pretty-much-everything-and-thats-making-it-difficult-to-value-stocks-people-would-just-rather-be-short">skewing stock valuations</a> and encouraging short sellers anticipating daily market drops. 
The host of CNBC's "Mad Money" stated that Trump's tariff threats and aggressive global stance are rendering accurate stock pricing almost unachievable.
"When you examine the market's mistakes, they share a common theme: the president's distorting pretty much everything, especially with his tariffs and his jingoistic approach to the rest of the world," reported CNBC.
He also explained that in such a situation, investors would rather be short as they expect the market to come down every day.
Talking about equities, analysts at BlackRock said in their weekly note that they have flipped back to being pro-risk in April.
This came after &#8220;it became clear that hard economic rules limit how far U.S. policy can move from the status quo, such as how foreign investors fund U.S. debt,&#8221; the note stated.
&#8220;Our U.S. equity overweight relies on that rule, just as another rule – supply chains can't rewire overnight without serious disruption – proved binding on trade policy. This overweight is grounded in the artificial intelligence mega force – reinforced by Nvidia's earnings beat last week,&#8221; BlackRock&#8217;s note stated.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Wednesday:
<ul class="wp-block-list">
<li>May&#8217;s ADP employment data will be out by 8:15 a.m. ET.</li>
<li>May&#8217;s S&amp;P final U.S. services PMI will be released at 9:45 a.m., and ISM services data will be out by 10:00 a.m. ET.</li>
<li>Atlanta Fed President Raphael Bostic and Federal Reserve Governor Lisa Cook will speak at the Fed listens event at 10:15 a.m. ET.</li>
<li>Fed Beige Book will be out by 2:00 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) rose 1.84% in premarket on Tuesday as analysts expect it to report quarterly earnings of $1.20 per share on revenue of $4.54 billion, before the opening bell.</li>
<li>Thor Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) fell 0.19% ahead of its earnings, which are supposed to be released before the opening bell. Analysts expect earnings of $1.76 per share on revenue of $2.61 billion.</li>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) was 1.79% higher as analysts expect it to report quarterly earnings of $2.24 per share on revenue of $1.93 billion, before the opening bell.</li>
<li>Crowdstrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) dropped 6.5% as it expected second-quarter revenue to be between $1.145 billion and $1.152 billion, versus estimates of $1.23 billion.</li>
<li>Hewlett-Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) advanced 5.14% after reporting better-than-expected second-quarter earnings after the market closed on Tuesday.</li>
<li>Kosmos Energy Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>) gained 1.10% after it signed a memorandum of understanding with other firms to extend Ghana production licenses to 2040.</li>
<li>Mastercard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) was up 0.081% and PayPal Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) rose 0.38% after the two firms partnered on Mastercard One Credential to allow consumers to choose their payment method at checkout.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading lower in the early New York session by 0.52% to hover around $63.08 per barrel.
Gold Spot US Dollar rose 0.26% to hover around $3,362.08 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.16% at the 99.0700 level.
Asian markets closed higher on Wednesday as India's S&amp;P BSE Sensex, Japan's Nikkei 225, South Korea's Kospi, Australia's ASX 200, China&#8217;s CSI 300, and Hong Kong's Hang Seng indices rose. European markets were also higher in early trade.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/06/45764818/bill-ackman-urges-end-to-fannie-mae-freddie-mac-conservatorship-says-will-enable-them-to-operate-more-successfully-and-efficiently">Bill Ackman Urges End To Fannie Mae, Freddie Mac Conservatorship: Says Will Enable Them To &#8216;Operate More Successfully And Efficiently&#8217; </a></li>
</ul>
Photo courtesy: godongphoto / Shutterstock.com

Equities

CRWD

DLTR

NVDA

PYPL

Dow Futures Edge Higher After Two Days Of Gains: Expert Says Trump Tariffs 'Distorting Pretty Much Everything'

The White House on Monday revealed a new presidential portrait of Donald Trump, reigniting debate over the administration's use of official imagery for political branding and financial gain.
What Happened: The newly released portrait shows President Trump wearing a blue suit and red tie, set against a stark black background.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">NEW OFFICIAL PRESIDENTIAL PORTRAIT JUST DROPPED &#x1f525;&#x1f1fa;&#x1f1f8; <a href="https://t.co/mmDIGRRJNi">pic.twitter.com/mmDIGRRJNi</a>
&mdash; The White House (@WhiteHouse) <a href="https://twitter.com/WhiteHouse/status/1929634147183505703?ref_src=twsrc%5Etfw">June 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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His expression is serious, closely mirroring the <a href="https://www.benzinga.com/news/23/08/33851310/donald-trump-election-fraud-probe-georgia-grand-jury-reportedly-issues-10-indictments">defiant mug shot taken</a> in Georgia in 2023, <a href="https://www.washingtonpost.com/politics/2025/06/03/trump-portrait-white-house/">noted</a> The Washington Post. The image has been placed in the Eisenhower Executive Office Building near the West Wing and updated across official government and campaign platforms.
See Also: <a href="https://www.benzinga.com/news/politics/25/06/45764422/white-house-says-trump-is-sticking-to-the-big-beautiful-bill-despite-elon-musks-sharp-criticism-it-doesnt-change-the-presidents-opinion">White House Says Trump Is &#8216;Sticking To&#8217; The &#8216;Big, Beautiful Bill&#8217; Despite Elon Musk&#8217;s Sharp Criticism: &#8216;It Doesn&#8217;t Change The President&#8217;s Opinion&#8217;</a>
Why It's Important: The portrait marks a sharp contrast from Trump's first-term photo, which featured a more traditional, smiling pose.
Both the new image and another portrait released during his <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43077283/donald-trump-and-jd-vances-official-portraits-mugshot-meme-vs-smiling-boy-scout">January inauguration</a> draw comparisons to past imagery the Trump campaign has leveraged for merchandising, including T-shirts, mugs and even cryptocurrency-themed products, the report said.
Critics say Trump continues to blur the line between official presidential imagery and political messaging. His mug shot became a <a href="https://www.benzinga.com/news/23/08/34059149/trumps-mug-shot-fuels-7-1-million-fundraising-surge">powerful visual for supporters</a> and a fundraising tool for his campaign.
Some experts warn the administration is engaging in unprecedented self-promotion, especially after the Department of Agriculture displayed Trump's portrait next to Abraham Lincoln's on the National Mall.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45599346/why-googles-demis-hassabis-disagrees-with-co-founder-sergey-brin-on-when-agi-will-arrive-and-sets-a-much-higher-bar" target="_blank" rel="noreferrer noopener">Why Google's Demis Hassabis Disagrees With Co-Founder Sergey Brin On When AGI Will Arrive: ‘I Have Quite A High Bar'</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Joey Sussman / Shutterstock.com

Politics

White House Unveils New Portrait Of President Donald Trump Amid Criticism Over Self-Promotion

Pro-cryptocurrency senators are preparing to introduce a landmark legislation this month, aimed at dividing the oversight of digital assets between market regulators.
What Happened: Sen. Cynthia Lummis (R-Wyo.) said that the Senate is gearing up to advance its push for crypto-friendly measures, <a href="https://www.politico.com/live-updates/2025/06/03/congress/senate-crypto-stablecoins-legislation-market-republicans-00383565">Politico</a> reported Tuesday. The House Republicans have already<a href="https://www.benzinga.com/25/05/45213365/maxine-waters-to-obstruct-cryptocurrency-hearing-plans-shadow-hearing-instead"> introduced the CLARITY Act</a>, also known as the market structure bill, set for two separate hearings on Wednesday in the lower chamber&#8217;s Financial Services and Agriculture committees.
The proposed legislation <a href="https://www.benzinga.com/25/05/45213365/maxine-waters-to-obstruct-cryptocurrency-hearing-plans-shadow-hearing-instead">aims to split&nbsp;cryptocurrency oversight</a> between the Securities&nbsp;and Exchange Commission, supervised&nbsp;by House Financial Services and&nbsp;Senate Banking, and the Commodity&nbsp;Futures Trading Commission, monitored by Congress&#8217;s Agriculture committees. Put simply, it will clearly define whether cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) are securities or commodities.
Lummis confirmed that the Senate&#8217;s version of the bill would closely mirror the House bill. &#8220;We want to be bipartisan and bicameral,&#8221; she stated. She also suggested minor tweaks to the bill, with the intention of introducing it on a bipartisan basis.
See Also:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45677493/litecoin-enters-smart-contract-era-with-new-layer-2-chain" target="_blank" rel="noreferrer noopener">Litecoin Enters Smart Contract Era With New Layer-2 Chain</a>
Why It Matters: The Senate has been actively working towards establishing rules for digital assets. Last month, the upper chamber voted in favor of <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45510057/senate-crypto-bill-passes-key-vote-genius-act-moves-toward-final-passage">advancing the GENIUS Act</a>, also known as the stablecoin bill, overcoming a key procedural hurdle and paving the way for the bill's final passage. Lummis was confident that the <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45763451/ja">bill would become law</a> by next week.
The move to advance these bills comes in the wake of a growing recognition of the importance of clear regulatory policies for the cryptocurrency industry. In April, SEC Chair&nbsp;Paul Atkins&nbsp;<a href="https://www.benzinga.com/government/regulations/25/04/45027836/sec-chair-paul-atkins-says-crypto-deserves-clear-regulatory-rules-praises-crypto-mom-hester-peirces-efforts">highlighted the need for such policies</a> to help the industry thrive in the U.S.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/crypto/cryptocurrency/25/06/45745042/shiba-inu-burn-rate-soars-by-2408-is-a-breakout-imminent" target="_blank" rel="noreferrer noopener">Shiba Inu Burn Rate Soars By 2,408%: Is A Breakout Imminent?</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Image Via Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

Cynthia Lummis Says Senators Are Gearing Up To Introduce Landmark Legislation For Digital Asset Oversight

The Trump administration is reportedly planning to relax regulations&nbsp;that require companies to disclose&nbsp;executive perks such as private jet use and bodyguard services.
What Happened: The Securities and Exchange Commission (SEC) is organizing a roundtable discussion later this month to consider changes to CEO perks disclosure rules. The participants for this roundtable have not been confirmed yet, as per a <a href="https://www.semafor.com/article/06/03/2025/trump-administration-lays-groundwork-to-make-ceo-perks-easier-to-hide">report</a> from Semafor.
These perks, which have been growing at a faster rate than total CEO pay, have seen a surge due to the pandemic.&nbsp;Companies have been covering costs for private jets and remote work setups — perks that, once granted, are hard to roll back. The recent rise in spending on personal security likely stems from the murder of an insurance executive last year.
The SEC&#8217;s current definition of these benefits includes anything not &#8220;integrally and directly related&#8221; to the job. Since 2015, the agency has filed a lawsuit against at least 20 companies for concealing the cost of these benefits from shareholders.
Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) have faced scrutiny over executive jet use—Boeing admitted it failed to disclose $500,000 in private jet travel by former CEO Dave Calhoun, while Salesforce began reporting CEO Marc Benioff&#8216;s corporate jet flights between San Francisco and his Hawaii home, classifying some as commuting.
SEC did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment. 
SEE ALSO: <a href="https://benzinga.com/news/politics/25/06/45763037/marjorie-taylor-greene-says-shes-adamantly-opposed-to-trumps-big-beautiful-bill-over-this-ai-provision-i-would-have-voted-no-if-i-had-kn" target="_blank" rel="noreferrer noopener">Marjorie Taylor Greene Says She&#8217;s &#8216;Adamantly Opposed&#8217; To Trump&#8217;s &#8216;Big Beautiful&#8217; Bill Over This AI Provision: &#8216;I Would Have Voted NO If I Had Known This Was In There&#8217;</a>
Why It Matters: The move to make CEO perks easier to hide comes amid a broader criticism around the Trump administration favoring the rich at a time when the wealth gap in the U.S. is widening. For instance,&nbsp;Jeff Bezos<a href="https://www.benzinga.com/personal-finance/management/25/06/45757006/jeff-bezos-saved-6-2-billion-in-taxes-since-2017-experts-say-trumps-proposed-hike-wont-touch-capital-gains-loophole"> recently saved </a>$6.2 billion in taxes&nbsp;since 2017, a sum that may remain untouched by President Trump&#8217;s proposed tax hike. This has sparked debate about the fairness of the tax system and the need for reforms to address loopholes that benefit the ultra-wealthy.
Similarly,&nbsp;Senator Elizabeth Warren has <a href="https://www.benzinga.com/general/health-care/25/05/45582300/elizabeth-warren-says-jeff-bezos-and-elon-musk-are-popping-champagne-as-house-passes-trumps-big-beautiful-bill-she-calls-a-handout-to-billionaires">criticized </a>Trump&#8217;s tax package&nbsp;as a &#8220;big tax handout for billionaires,&#8221; paid for by cutting healthcare for millions. These discussions highlight the broader issue of wealth inequality and the role of government policy in addressing it.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/crypto/cryptocurrency/25/06/45763054/bitcoin-ethereum-dogecoin-slip-as-investors-anticipate-trump-jinping-call-too-early-for-an-eth-top-this-analyst-says-3000-is-on-target" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Slip As Investors Anticipate Trump-Jinping Call: Too Early For An ETH Top? This Analyst Says $3000 Is On Target</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

SEC May Loosen Rules On Executive Perks — Private Jet Rides, Bodyguards Could Stay Hidden: Report

U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 0.1% on Wednesday.
Shares of CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) fell sharply in today's pre-market trading after the company <a href="https://www.benzinga.com/quote/crwd/earnings">reported first-quarter results.</a>
CrowdStrike posted better-than-expected earnings for the first quarter and also raised its full-year guidance. However, the company said it expects second-quarter revenue to be between $1.145 billion and $1.152 billion versus estimates of $1.23 billion. The company anticipates second-quarter adjusted earnings of 82 cents to 84 cents per share versus estimates of 92 cents per share.
CrowdStrike shares dipped 7% to $454.70 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul class="wp-block-list">
<li>Asana, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) shares dipped 8.4% to $17.40 in today's pre-market trading after the company reported first-quarter results.</li>
<li>Outset Medical Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OM#NASDAQ">OM</a>) declined 6.8% to $18.09 in pre-market trading. Outset Medical named Renee Gaeta as CFO, effective immediately.</li>
<li>Merus NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) declined 5.5% to $59.01 in pre-market trading. Merus priced $300 million public offering of 5,263,158 common shares at $57 per share.</li>
<li>Quidelortho Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QDEL#NASDAQ">QDEL</a>) shares declined 4.3% to $29.00 in pre-market trading.</li>
<li>ATAI Life Sciences NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAI#NASDAQ">ATAI</a>) fell 3.4% to $2.27 in pre-market trading after declining more than 5% on Tuesday.</li>
<li>Doximity Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) fell 2.7% to $52.06 in pre-market trading after gaining around 4% on Tuesday.</li>
</ul>
Now Read This:<a href="Cramer: Should've Told Investors To 'Pull The Trigger' On Trade Desk, Can't Believe 'How Low' Gentex Has Fallen"> </a>
<ul class="wp-block-list">
<li><a href="Cramer: Should've Told Investors To 'Pull The Trigger' On Trade Desk, Can't Believe 'How Low' Gentex Has Fallen">Cramer: Should&#8217;ve Told Investors To &#8216;Pull The Trigger&#8217; On Trade Desk, Can&#8217;t Believe &#8216;How Low&#8217; Gentex Has Fallen</a></li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Movers

Trading Ideas

ASAN

ATAI

DOCS

MRUS

QDEL

CrowdStrike, Asana And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Piper Sandler analyst Alex Potter says that Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is the only automaker trying to source batteries from non-Chinese routes at scale as Elon Musk stresses the importance of localization.
What Happened: "Tesla is the only car company that is trying to source batteries, at scale, without relying on China,&#8221; a post shared by influencer Sawyer Merritt on X on Tuesday cited the note released by Potter.
The note also said that Tesla will become completely self-sufficient in the future and produce the components required to manufacture batteries, including raw materials.
"Eventually, Tesla will be making its own cathode active materials, refining its own lithium, building its own anodes, coating its own electrodes, assembling its own cells, and selling its own cars," the note said.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Piper Sandler analyst Alex Potter in new <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> note: &quot;Tesla is the only car company that is trying to source batteries, at scale, without relying on China.&quot; &quot;Eventually, Tesla will be making its own cathode active materials, refining its own lithium, building its own anodes,…
&mdash; Sawyer Merritt (@SawyerMerritt) <a href="https://twitter.com/SawyerMerritt/status/1929911393806897557?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
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Musk also weighed in, saying it's important to establish local supply chains, despite the immense effort, for companies to "mitigate geopolitical risk."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">It is important, albeit extremely hard work, to localize supply chains to mitigate geopolitical risk
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1929913821814206888?ref_src=twsrc%5Etfw">June 3, 2025</a></blockquote>
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Why It Matters: Amid escalating tensions between the U.S. and China, <a href="https://www.benzinga.com/markets/tech/25/06/45763345/amid-us-china-trade-war-global-automakers-warn-beijings-curbs-on-rare-earth-metals-could-significantly-impact-production">automakers have raised concerns</a> about Beijing restricting the exports of rare earth metals and other minerals crucial for producing vehicles.
Tesla, meanwhile, reached the one-million production milestone of the Powerwall as the company says it produces 1,000 Powerwall units a day and is on pace to produce over 700,000 units annually, as the company grapples with <a href="https://www.benzinga.com/tech/25/05/45663820/tesla-deliveries-drop-87-in-quebec-in-q1-hitting-2-year-low-amid-incentive-cuts-musks-political-ties">dwindling sales </a>throughout the globe.
Elsewhere, the Trump administration has accused China of violating the Geneva Trade Agreement, something which the government strongly denies and has asked the U.S. to withdraw <a href="https://www.benzinga.com/markets/25/05/45664337/china-tells-us-to-entirely-revoke-wrongful-unilateral-tariffs-after-court-blocks-trumps-liberation-day-levies">the unilateral tariffs</a>.
TSLA scores well on Momentum, Growth, and Quality metrics, but offers poor Value. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound"> Benzinga Edge</a> today!
Check out more of Benzinga&#8217;s Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/tech/25/06/45764059/ross-gerber-says-tesla-has-lot-of-work-to-do-on-fsd-ahead-of-robotaxi-launch-waymos-are-way-better">Ross Gerber Says Tesla Has &#8216;Lot Of Work To Do&#8217; On FSD Ahead Of Robotaxi Launch: &#8216;Waymos Are Way Better&#8217;</a></li>
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Photo courtesy: Shutterstock

Tech

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Macro Economic Events

Econ #s

Economics

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Management

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