In premarket trading, several stocks are experiencing significant movement. Here are the key highlights:

Nike (NKE):

• After reporting an earnings miss for the first time in three years, Nike shares dropped by nearly 3%.
• Nike’s fiscal fourth-quarter earnings per share were 66 cents, slightly lower than the consensus estimate of 67 cents, as reported by Refinitiv.
• However, Nike’s revenue exceeded expectations.

Apple:

• Apple shares rose by 0.8%, inching closer to reaching a $3 trillion market cap.
• Citi raised its price target on Apple shares to $240, the highest on the Street, contributing to the stock’s upward movement.

Carnival:

• Carnival’s stock increased by 3% in premarket trading after Jefferies upgraded the cruise line to a buy from hold.
• Optimism surrounding Carnival stems from positive changes under CEO Josh Weinstein’s first-year tenure and improving leverage.

Savers Value Village:

• After a significant surge of 27% on its first day of trading, Savers Value Village’s shares declined by 2% in the premarket.
• The for-profit thrift operator priced its shares at $18 and closed at $22.91.

Dominion Energy:

• Dominion Energy’s shares fell by nearly 2% after revising its second-quarter operating earnings guidance.
• The company lowered its earnings range to 44 to 50 cents per share, citing mild weather and unplanned outages at the Millstone Power Station.

Constellation Brands:

• Despite reporting an earnings beat, Constellation Brands, the owner of Corona and Pacifico, experienced a 1.6% slip in its stock.
• The company’s first-quarter adjusted earnings per share were $2.91, surpassing analysts’ expectation of $2.83.
• Revenue amounted to $2.52 billion, higher than the anticipated $2.47 billion.

Freyr Battery:

• Following an 11% gain the previous day, Freyr Battery’s stock increased by another 5% in premarket trading.
• Morgan Stanley upgraded the company to overweight from equal weight, further fueling the positive sentiment.

Please note that these premarket moves may not necessarily reflect the stocks’ performance during regular market hours.

Data Table:

Disclaimer: The stock market is volatile, and premarket movements may not indicate future performance. Investors should conduct thorough research before making any investment decisions.