As the US pre-market gears up, major indices are slightly in the green, with the S&P 500 (ES), Nasdaq (NQ), and Russell 2000 (RTY) all up by 0.1%. Here’s a look at the stocks making notable moves this morning:

Estée Lauder ($EL) +2.5%

Estée Lauder is experiencing a very choppy trading session following its earnings report. The company exceeded expectations on both profit and revenue; however, its future outlook has left investors wanting more. Despite the mixed sentiment, the stock is seeing a 2.5% increase in pre-market trading.

AMD ($AMD) +0.4%

AMD is making headlines with its announcement to acquire ZT Systems for $4.9 billion. This move is a strategic play to expand AMD’s data center and AI capabilities, a sector that is rapidly growing in importance. The acquisition news has given the stock a modest boost of 0.4% in early trading.

Boeing ($BA) +0.3% & Lockheed Martin (LMT) Flat

Boeing and Lockheed Martin are reportedly in talks to sell their joint venture, United Launch Alliance (ULA), for a sum between $2 billion and $3 billion. Boeing shares are up 0.3% on the news, while Lockheed Martin remains flat.

Mastercard ($MA) +0.3%

Mastercard has announced plans to reduce its global workforce by 3% as part of a broader company overhaul. This restructuring effort appears to be well-received by investors, with the stock ticking up by 0.3% pre-market.

HP Inc. ($HPQ) -2.7%

HP Inc. is under pressure after being downgraded by Morgan Stanley. The downgrade reflects limited upside potential for the stock’s valuation, leading to a 2.7% drop in pre-market trading.

Dutch Bros ($BROS) -2.7%

Dutch Bros is also facing headwinds, with a downgrade from Piper Sandler citing a balanced risk/reward scenario. The stock is down 2.7% in response.

FuboTV ($FUBO) +15%

FuboTV is the standout gainer this morning, surging 15% after successfully blocking the launch of the Venu Sports joint venture. This venture involved media giants Disney ($DIS), Fox ($FOX), and Warner Bros. Discovery ($WBD). A US District Court ruling in FuboTV’s favor has significantly boosted investor confidence.

Apple ($AAPL) Flat

Apple remains flat in the pre-market despite a cautious mention in the Wall Street Journal. The article highlights how Apple’s dominance in the App Store is facing challenges in Europe, which could have long-term implications for the tech giant.

Starbucks ($SBUX) -0.5%

Starbucks is down 0.5% following a cautious mention in the Wall Street Journal, reflecting some concerns among investors.