Hanesbrands, Gildan Activewear: T-shirt makers surged more than 42% after reporting by Financial Times, and T-shirt makers surged more than 42%, citing Hanesbrands is approaching acquisition of nearly $500 million to Gildan. Gildan Share slides over 5%. Sinclair – Shares have skyrocketed over 18% after Sinclair, one of the television station’s biggest owners, launched a strategic review of businesses that could lead to venture business mergers or spin-offs. AG Holdings – Swiss Sportswear Company’s US stocks raised about 11% in its reported second quarter of 749 Swiss Francs, surpassing expectations of 705 million CHF from analysts voted by LSEG. The company also hiked year-round revenue guidance. CELANESE – The chemical maker tanked 15% after the company’s CEO said demand was still weak and uncertain, covering up its second quarter revenue beat. Bigbear.ai – IT Services Management Company has polled over 30% after disappointing its second quarter results. Bigbear.ai lost 71 cents per share, exceeding the estimated 6 cents per share losses by analysts voted by Factset. Revenue of $32.5 million has provided a forecast of $40.6 million on the street. Circle Internet Group – Stablecoin Issuer reported a significant increase in revenue in its first quarter revenue as a public company. Inventory rose by more than 6%. Intel – President Trump called for “success” after demanding CEO Ripbu Tang resignation. Intel shares rose 2% in pre-market trading. Semiconductor manufacturers are in the crosshairs of Trump, moving back and forth between approaches to CEOs. NVIDIA – Chipmakers were slightly lower on Tuesday. President Trump said he is open to enabling Nvidia to sell downgraded versions of its most advanced artificial intelligence chips to China. Apple – iPhone makers fell almost 1% on Monday after Tesla CEO Elon Musk threatened legal action against Apple on Monday on suspicion of antitrust violations regarding the ranking of the Grok AI chatbot app owned by Musk’s artificial intelligence startup Xai. Tesla rose 0.5%. -CNBC’s Alex Hurling, Fred Inbert and Yun Lee contributed to reporting.
The biggest moves of stock localities: HBI, ONON, CRCL, BBAI
