Let’s check out some companies that are catching our eye in pre-market trading. Tesla – The electric vehicle stock rose about 6% before the close after its second-quarter deliveries beat Wall Street expectations. Atlassian Corporation – Shares rose nearly 2% following an upgrade to overweight by Piper Sandler. Analyst Rob Owens opined that the software stock has potential to grow as consumers move their data to the cloud. Owens added that the stock’s current price is an attractive entry point for investors. Paramount Global – Shares of this long-established media company rose more than 3% following news that its streaming division is in talks with multiple companies about a possible merger. One of the parties involved is Warner Bros. Discovery, and the deal could see Paramount+ merge with Max, CNBC previously reported. DR Horton, Lennar Corporation – Both homebuilding stocks fell more than 2% on Tuesday following a downgrade to neutral by Citi. “There’s a lot to like about DHI and LEN (share growth, strong cash flow, GM resilience). Risk/reward is roughly balanced in the second half, so I’m on the sidelines,” analyst Anthony Pettinari said. CrowdStrike Holdings — The cybersecurity company fell 2% after Piper Sandler downgraded it to neutral from overweight, noting that the stock has a high valuation and no catalysts for further upside in the near term. — CNBC’s Samantha Subin and Hakyung Kim contributed to the report.
TSLA, CRWD, PARA, TEAM, etc.
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