Check out the companies making headlines in front of the bell: Levi Strauss – Jeans makers surged 11% after repeating their annual outlook. However, Levy pointed out that he excluded the impact from White House tariffs. The company also posted first-quarter adjusted revenue of 38 cents per share. This was 52% higher than last year. Revenue of $1.53 billion also showed a 3% increase compared to last year. Health Insurance Company – Healthcare stocks jumped after the Wall Street Journal reported Monday that the Trump administration would raise Medicare insurance companies’ payment rates to 5.06% compared to the 2.23% increase proposed by the Biden administration. Stocks in Humana, CVS Health and UnitedHealth rose 15%, 9% and 8% respectively. Lockheed Martin – Aerospace and defense stocks added 2% after Vietnam said they would buy US defense and security products to narrow the trade gap. Broadcom – Shares rose 3% after Chipmaker announced approval of its $10 billion stock repurchase program by the end of the year. The announcement “reflects the board’s confidence in the strength of Broadcom’s diversified semiconductor and infrastructure software product franchise,” CEO Hock Tan said in a statement. Marvell – The company rose 4% in pre-market transactions after it agreed to sell its automotive Ethernet business to Infineon Technologies for $2.5 billion in cash. The transaction is expected to end this year. Johnson & Johnson – Pharma Stock rose 2% following an upgrade at Goldman Sachs to buy from Neutral. Analyst Asad Haider pointed out “various opportunities across the field of treatment.” Charles Schwab – Financial stocks earned 2.7% behind Morgan Stanley upgrades. Morgan Stanley said he likes brokers with more defensive revenue streams and singular factors for revenue growth. Ross Store, Ralph Lauren – After Goldman Sachs upgraded its apparel inventory to overweight, Ross Store and Ralph Lauren popped 2% and 4% respectively. Banks pointed out that they should perform better in the future against the slower macroeconomic background. Meanwhile, Ralph Lauren has global diversification and pricing power to limit the downside risks caused by tariffs. GREENBRIER – The stock slipped 2% after railcar manufacturers cut their year-round revenue guidance. Greenbrier expects revenue to reach between $3.15 billion and $3.35 billion. Previously, it was induced revenues of between $3.35 billion and $3.65 billion. Eli Lilly – The stock added 2% after Goldman Sachs took on compensation for the drug giant with a purchase rating. Analyst Asad Haider has focused on “persuasive entry points” at the current level of stock. Dave & Buster’s Entertainment – Shares rose nearly 2% after the entertainment company’s management issued positive comments about the business outlook. “We expect results in March and April to be significantly improved from the trends in the fourth quarter and February, and we expect results to continue to improve in the coming months,” interim CEO Kevin Sheehan said. Janover – Shares fell 17% after the software company raised more than 800% on Monday following the announcement of its cryptocurrency strategy focused on Solana tokens. The company will also change its name and ticker this year. – CNBC’s Michelle Fox, Alex Hurling, Fred Inbert, Tanaya Machell and Sarah Min contributed the report. Get tickets for Pro Live Join us on the New York Stock Exchange! An uncertain market? Earn Edge with CNBC Pro Live, the first exclusive event on the historic New York Stock Exchange. Access to expert insights is paramount in today’s dynamic financial situation. As a CNBC Pro subscriber, we encourage you to take part in the first exclusive, in-person CNBC Pro live event held at the iconic NYSE on Thursday, June 12th. Join ProSCarter Worte, an interactive pro clinic led by Dan Niles and Dan Ives, along with a special edition of Pro Talks with Tom Lee. You will also get the opportunity to network with CNBC experts, talent and other pro subscribers during exciting cocktail hours on the legendary trading floor. Tickets are limited!
The biggest moves stock localities: Levi, UNH, MRVL, AVGO
