Here’s a look at the biggest movers in premarket trading: Boeing – Shares rose 4% as the aircraft maker reached an agreement with unions representing factory workers, potentially avoiding a costly strike. MarineMax – Shares rose 6% after Citi raised the stock to buy from neutral. The company highlighted the upside of the low-interest-rate environment and limited downside risks. Palantir Technologies, Dell Technologies – Shares of Palantir and Dell rose 8% and 5%, respectively, in the postmarket on Friday after it was announced that both would join the S&P 500 index. Palantir will replace American Airlines, while Dell will replace Etsy. Merck – Pharmaceutical shares fell 2% after rival Summit Therapeutics released results from a Phase 3 trial of its lung cancer drug. Summit said its product achieved “clinically meaningful benefits” compared to Merck’s Keytruda. Summit shares soared more than 30%. ARM Holdings — The chip stock rose nearly 3% after the Financial Times reported that Apple will use Arm’s artificial intelligence chip technology in its upcoming iPhone 16, due for release on Monday. United States Steel — Shares rose about 3% after JPMorgan upgraded the industrial stock to overweight from neutral. The firm believes the recent selloff represents a buying opportunity with valuation support and expects the stock to fall further if the planned sale to Nippon Steel falls through. JetBlue Airways — Shares rose 2% after Bank of America upgraded the airline stock to neutral from underperform and raised its price target, citing improving conditions including lower fuel prices. The rating change also came after JetBlue raised its third-quarter earnings outlook last week. — CNBC’s Jesse Pound, Ha-Kyung Kim, Sarah Min and Sean Conlon contributed to the report.
BA, DELL, MRK, etc.
