Levi Strauss, Tesla, Stellantis fall premarket; EQT Corporation rises

Investing.com -- US stock futures fell Thursday, with traders wary ahead of Friday’s all-important monthly jobs report and with tensions in the Middle East remaining fraught.

Here are some of the biggest premarket US stock movers today Levi Strauss (NYSE:LEVI ) stock fell 11% after the jeans maker announced it has put its Dockers brand under review for a possible sale and lowered its group-wide full-year revenue forecast. Tesla (NASDAQ:TSLA ) stock fell 1.6% with the EV manufacturer unlikely to grow annual sales this year even with price cuts, Bernstein says, warning of a rocky road ahead that is unlikely to be rescued by the launch of robotaxis. Hims Hers Health (NYSE:HIMS ) stock fell 7.8% after the Food and Drug Administration said there were no longer shortages of Eli Lilly’s obesity and diabetes drugs Zepbound and Mounjaro, hitting the telehealth company’s market as it sells direct-to-consumer generic prescription medicines, including weight-loss drugs. Stellantis (NYSE:STLA ) stock fell 3.9% after Barclays downgraded its investment stance on the Jeep maker to “equal weight” from “overweight”, in the wake of the auto giant cutting its guidance for this year. Amazon (NASDAQ:AMZN ) stock fell 0.7% after Morgan Stanley warned that Wall Street's profit expectations for the e-commerce giant, particularly for the fourth quarter of 2024, may be overly optimistic. Wolfspeed (NYSE:WOLF ) stock fell 4.7% after Mizuho downgraded its stance on the chipmaker to “underperform” from “neutral”, expecting slower global EV sales in the second half of 2024 and in 2025 and oversupply from China. EQT Corporation (NYSE:EQT ) stock rose 0.5% after Citigroup upgraded the energy company to “buy” from “neutral”, expecting a tighter US gas market in 2025.

Source: Investing.com