Editor
Wall Street is waking up to a mixed bag of early movers, as investors digest corporate earnings, analyst upgrades, and big tech announcements ahead of Monday’s opening bell. Here’s a closer look at the top stocks making waves in premarket trading.
Home Depot Holds Steady Amid Tariff Concerns
Shares of Home Depot rose 2.4% premarket after the retail giant reaffirmed its full-year guidance, providing reassurance to investors amid ongoing concerns about rising costs. Notably, Chief Financial Officer Richard McPhail told CNBC that the company has no intention of raising prices in response to tariffs.
“Sticking to guidance while avoiding price hikes in a tariff environment is a sign of strong supply chain management and customer-first strategy,” said Dana Reilly, a retail analyst at Brookstone Capital. “Investors are rewarding that discipline.”
Viking Holdings Dips Despite Beating Estimates
Cruise operator Viking Holdings saw its shares drop 5.6% despite reporting better-than-expected first-quarter results. The company posted a loss of $0.24 per share, narrower than the $0.29 loss analysts had forecast. Revenue also beat expectations, coming in at $897.1 million versus the $841.2 million estimate.
The decline may reflect broader concerns about long-term profitability and rising operational costs in the cruise industry. “It’s not unusual to see a selloff after earnings when the outlook doesn’t fully satisfy bullish expectations,” noted travel industry analyst Marcus Lang.
Amer Sports Surges on Strong Q1 Results
Amer Sports delivered a standout performance, surging 10% in premarket trading after a strong quarterly report. The company, known for brands like Wilson, Salomon, and Arc’teryx, reported adjusted earnings per share of $0.27 on $1.47 billion in revenue—easily topping Wall Street’s expectations.
“Amer is proving that premium sports gear remains resilient,” said Sophie Chen, consumer sector strategist. “The earnings beat signals growing consumer demand, particularly in the high-performance outdoor category.”
Hewlett Packard Enterprise Gets a Boost from Upgrade
Hewlett Packard Enterprise (HPE) climbed 3% after Evercore ISI upgraded the stock to “Outperform.” Analyst Amit Daryanani described HPE’s current valuation as an attractive entry point, citing improved risk-to-reward dynamics in its cloud and edge computing offerings.
The upgrade reflects renewed investor interest in traditional tech names with stable cash flow amid market volatility.
Uber & Pony AI Push Forward in Autonomous Mobility
Uber Technologies gained 1% after announcing a partnership with autonomous driving company Waymo to expand self-driving ride services in Atlanta. The news reflects Uber’s ongoing bet on the future of driverless transport.
Meanwhile, Chinese autonomous vehicle company Pony AI jumped more than 5% following strong quarterly results and plans to scale its robotaxi fleet to 1,000 vehicles by year-end. Investors are clearly optimistic about the commercial viability of autonomous transport in urban environments.
MongoDB Slips After Downgrade
Database platform MongoDB saw its stock dip 2% after Loop Capital downgraded it to “Hold.” Analyst Yun Kim pointed to sluggish adoption of the company’s Atlas cloud platform as a primary concern.
“Enterprise software adoption isn’t a sprint—it’s a marathon,” Kim wrote, adding that MongoDB may need more time to fully penetrate the market.
Bilibili Ticks Higher on User Growth
Chinese video-sharing platform Bilibili gained 3% after its first-quarter earnings topped expectations. The company also reported a jump in daily active users to 106.7 million, up from 102.4 million a year earlier, highlighting continued engagement and growth.
D-Wave Quantum Leads a Rally in Quantum Computing
D-Wave Quantum soared 18% after unveiling its latest quantum computing system, Advantage2. Other players in the space, such as Rigetti Computing and Quantum Computing Inc., also posted gains of 4.9% and 10.8%, respectively.
Quantum computing remains a frontier technology with long-term promise. “This isn’t just science fiction anymore,” said tech analyst Bryan Ford. “We’re seeing real systems with potential real-world applications.”
Looking Ahead
Today’s premarket activity highlights the variety of factors moving stocks—from strong earnings and strategic partnerships to tech breakthroughs and analyst shifts. As the trading day unfolds, investors will be watching whether these early moves hold or reverse in the face of broader market dynamics.
