Deere, Snowflake and Starbucks fell premarket; Tesla, Salesforce rise

Investing.com -- US stock futures traded with small gains Tuesday, as investors digested comments from a series of Fed officials as well as awaiting key inflation data.

Here are some of the biggest premarket US stock movers today Boeing (NYSE:BA ) stock fell 0.1% after the plane maker offered a sweetened labor deal to its more than 30,000 striking workers in the US Pacific Northwest, although their union has said it would not put the proposal to a vote. Deere & Company (NYSE:DE ) stock fell 1.1% after former President Donald Trump, the Republican presidential candidate, on Monday threatened the agricultural manufacturer with a "200% tariff" if it moves some production to factories in Mexico. Salesforce (NYSE:CRM ) stock rose 1.7% after Piper Sandler upgraded its investment stance on the software company to “overweight” from “neutral”, noting the potential for free cashflow per share to double to $20 by 2029. Tesla (NASDAQ:TSLA ) stock rose 0.9%, with Barclays expecting the EV manufacturer’s third-quarter electric vehicle deliveries to jump by 8% versus the year-ago period to roughly 470,000 units. Visa (NYSE:V ) stock fell 1.9% with the US Department of Justice preparing to file an antitrust lawsuit against the credit card giant, accusing it of anti-competitive behavior. Snowflake (NYSE:SNOW ) stock fell 3.5% after the cloud data storage company announced plans for a private placement of $2 billion convertible notes. Starbucks (NASDAQ:SBUX ) stock fell 1.6% after Jefferies downgraded its stance on the coffee chain to “underperform” from “hold”, saying its CEO-fueled rally was “overdone”. Lowe’s (NYSE:LOW ) stock rose 1.6% after Oppenheimer upgraded its stance on the retailer to “outperform” from “perform”, saying demand trends within home improvement tend to improve as lending rates moderate,

Source: Investing.com