Delta, Apple, Domino's Pizza fall premarket; Tesla, GXO Logistics rise

Investing.com -- US stock futures edged lower Thursday, with investors wary ahead of the release of widely-watched inflation data.

Here are some of the biggest premarket US stock movers today Tesla (NASDAQ:TSLA ) stock rose 1.1% ahead of the EV manufacturer’s much-anticipated Robotaxi Day, an event that Wedbush analysts think “marks a new chapter of growth around autonomous, FSD, and AI future.” Delta Air Lines (NYSE:DAL ) stock slumped 6.2% after the carrier unveiled disappointing fourth-quarter guidance, saying the upcoming U.S. presidential election was expected to temporarily slow travel spending. Apple (NASDAQ:AAPL ) stock fell 0.5% after Jefferies said that latest indications suggest that demand for the iPhone 16 remains weak, with early data points suggesting a double-digit fall in iPhone volume. Boeing (NYSE:BA ) stock rose 0.2%, rebounding after falling over 3% the prior session, but Wells Fargo thinks an equity raise is on the way after union talks broke off once more. Domino’s Pizza (NYSE:DPZ ) stock fell 1.3% after the pizza chain posted a smaller-than-expected rise in third-quarter U.S. same-store sales as consumers curbed spending on dining out. GXO Logistics (NYSE:GXO ) stock rose 8.1% following a Reuters report that the logistics services provider is exploring a possible sale after receiving takeover interest. Medtronic (NYSE:MDT ) stock rose 1.1% after RBC Capital Markets upgraded its investment stance on the medical device company to ‘outperform’ from ‘sector perform’, citing increased confidence in the business fundamentals. Lululemon Athletica (NASDAQ:LULU ) stock fell 0.2% after CFRA downgraded its stance on the athletic wear retailer to ‘hold’ from ‘strong buy’, saying the company is dealing with inventory issues moving into the holiday season. CVS Health (NYSE:CVS ) stock rose 1.3% after Barclays upgraded the pharmacy chain to ‘overweight’ from ‘equal weight’, expecting a multi-year Medicare margin recovery to unlock significant value at its Aetna unit. PayPal (NASDAQ:PYPL ) stock fell 1.6% after Bernstein downgraded the payments company to ‘market perform’ from ‘outperform’, citing the recent rise in valuation. PepsiCo (NASDAQ:PEP ) stock fell 0.5% after TD Cowen downgraded the soft drinks giant to ‘hold’ from ‘buy’, saying aggressive pricing will likely compromise its near-term pricing power.

Source: Investing.com