AT&T (T) – The stock traded lower following a report suggesting Amazon is in talks with mobile carriers to offer low-cost mobile phone service to Prime subscribers. Shares of Verizon (V) and T-Mobile (TMUS) were down premarket as well.
Nike (NKE) – Shares of the athletic apparel company were higher premarket in sympathy with Lululemon Athletica (LULU), which surged following strong Q1 results.
XPeng (XPEV) – Shares of Chinese EV stocks gained following a report suggesting the country will extend and optimize a tax exemption on new energy vehicles.
ProShares UltraPro QQQ (TQQQ) – This 3x leveraged Nasdaq ETF continues to gain amid strength in the tech sector this year on AI-related optimism. US Senate passage of a debt limit bill has also lifted the broader market on Friday, sending major indices higher.
SentinelOne (S) – Shares fell over 30% after the company issued weak Q2 guidance and saw multiple analyst downgrades.