As the US pre-market session kicks off, equity futures are showing mixed movements:

• S&P 500 (ES): +0.2%
• Nasdaq (NQ): +0.7%
• Russell 2000 (RTY): -0.2%
• Dow Jones (YM): Flat

Let’s dive into the standout stock movers making headlines this morning:

Big Gainers and Newsworthy Moves

1. Broadcom ($AVGO): +17.5%
   Broadcom is surging after delivering a strong earnings beat. The company raised its quarterly dividend by 11% and provided optimistic commentary on future AI opportunities. This blend of robust performance and a bullish outlook is fueling investor enthusiasm.
2. RH ($RH): +14%
   RH shares are climbing after the company raised its Q4 and FY25 revenue growth guidance. Management’s upbeat tone on future performance is resonating with the market.
3. Tesla ($TSLA): +1.1%
   Tesla is up following a policy recommendation from the Trump transition team to repeal the autonomous car-crash reporting requirement, a rule Tesla had opposed. This regulatory shift could reduce compliance burdens for the EV giant.
4. Norwegian Cruise Line ($NCLH): +2.5%
   Norwegian Cruise Line received an upgrade from Barclays, lifting investor confidence in the stock.
5. PayPal ($PYPL): +2%
   PayPal gained ground after Wolfe Research upgraded the stock, reflecting growing optimism in its performance.
6. Penn Entertainment ($PENN): +6%
   Penn is climbing after being upgraded by JPMorgan to an ‘Overweight’ rating, highlighting confidence in its future potential.
7. Affirm ($AFRM): +7%
   Affirm shares jumped as the company announced a long-term capital partnership with Sixth Street Specialty Lending ($TSLX). The partnership includes plans to invest up to $4 billion in Affirm loans, signaling a strong commitment to future growth.

Stocks Under Pressure

1. T-Mobile ($TMUS): -1.2%
   T-Mobile slipped after announcing a $14 billion shareholder return program and plans for $80 billion in investments and capital returns through 2027. While ambitious, the market appears cautious about the impact on near-term cash flow.

Steady Performers

1. Costco ($COST): Flat
   Costco posted solid results, beating on US comparable sales, EPS, and revenue. The results reflect robust consumer spending, but the stock remained flat, suggesting these outcomes were already priced in.

Today’s pre-market session highlights the ongoing impact of earnings, upgrades, and macroeconomic policies on stock performance. Watch for continued movement as market sentiment unfolds during the regular trading hours.