As we head into the trading day, let’s dive into today’s pre-market movers and market indicators to keep an eye on for insights into current market sentiment. Here’s what you need to know.

Index Futures Overview

• S&P 500 (ES): -0.1%
• NASDAQ 100 (NQ): -0.2%
• Russell 2000 (RTY): +0.1%

While both the S&P 500 and NASDAQ futures are showing slight dips, the Russell 2000 has ticked up by 0.1%, indicating some strength in small-cap stocks. This mixed outlook could suggest a cautious start to the day with investors weighing both positive and negative drivers across various sectors.

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Major Stock Movers

1. Disney ($DIS) +9.5%

• Disney’s shares are surging in pre-market trading following a strong earnings report. The company exceeded Wall Street’s expectations on both earnings per share (EPS) and revenue. Additionally, Disney’s guidance for fiscal year 2025 profit was better than expected, a bullish sign that is driving investor optimism around the stock.

1. Cisco ($CSCO) -0.7%

• Cisco’s EPS and revenue came in slightly above estimates, but the revenue experienced a quarter-over-quarter decline. However, Cisco did offer an optimistic outlook for the next quarter and raised its full-year guidance, balancing out some of the concerns over current quarter softness.

1. ASML ($ASML) +4.8%

• ASML’s stock is climbing following the company’s reaffirmed 2030 sales outlook. They expect the semiconductor market to grow at a robust 9% annual rate from 2025 through 2030. This bullish outlook reflects confidence in long-term demand for semiconductors, a vital sector for modern tech.

1. Capri Holdings ($CPRI) -3.5%

• Capri Holdings announced the termination of its merger with Tapestry ($TPR), citing regulatory hurdles in the US as the reason. The news has caused a 3.5% dip for Capri, while Tapestry has risen 8.5%, with investors responding positively to the cancellation.

1. CNH Industrial ($CNH) +6.5%

• CNH shares are on the rise after Greenlight Capital’s David Einhorn disclosed a new position in the stock, which he labeled as “cheap.” Einhorn’s investment adds credibility and potential upside to the stock, and investors are reacting to this positive endorsement.

1. American Airlines ($AAL) +2.5%

• American Airlines received an upgrade from Barclays, which expects airline industry fundamentals to improve significantly by 2025. This optimistic outlook has helped lift American Airlines in pre-market trading.

1. Charles Schwab ($SCHW) +4.5%

• Charles Schwab has reported strong numbers for October, with bank deposits reaching $83.26 trillion and core net new assets at $24.6 billion. These solid metrics underscore investor confidence in Schwab’s growth potential, leading to a 4.5% gain.

1. Alphabet ($GOOGL) -0.6%

• Google’s parent company, Alphabet, is facing scrutiny as the Consumer Financial Protection Bureau (CFPB) considers placing Google under federal supervision. Investors are reacting cautiously to this regulatory news, contributing to a slight dip in the stock.

1. Super Micro Computer ($SMCI) -12%

• Super Micro Computer is extending its losses from Wednesday after announcing a delay in filings for the quarter ending September 30th. This delay has raised concerns among investors, who are showing signs of skepticism regarding the company’s financial reporting.

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Summary

Today’s pre-market activity presents a diverse mix of winners and losers. Disney and ASML are leading the way with strong guidance and industry confidence, while regulatory challenges are impacting stocks like Capri and Alphabet. American Airlines and Charles Schwab are both benefiting from sector upgrades and robust metrics, underscoring growth expectations in travel and financials.

As the market opens, watch for further volatility, especially with stocks like Super Micro Computer, which are under additional scrutiny. Investors may need to weigh optimism for 2025 against short-term challenges across the board.