CVS Health, Ford, McCormick, and Nio Gain in Premarket; Boeing Declines

US stock futures traded mostly lower on Tuesday in anticipation of significant economic data being released soon.

Here are some of the notable premarket movers in US stocks today:

• CVS Health: Shares rose 2.2% following reports that the health care company is considering options, including the possibility of separating its retail and insurance divisions.

• Ford: The stock increased by 2.4% after Goldman Sachs upgraded its rating from “neutral” to “buy,” highlighting margin potential from a growing mix of software and services.

• Boeing: Shares fell 0.6% after reports indicated that the aircraft manufacturer might seek to raise at least $10 billion by issuing new stock.

• Trump Media & Technology Group: The stock surged 5.2% after the company announced that its custom-built content delivery network is now operational from multiple locations across the country.

• Nio: Shares rose 4.5%, while Li Auto gained 3.7% and Xpeng increased by 3.5% after the Chinese electric vehicle manufacturers reported growth in vehicle deliveries for September and the third quarter of 2024.

• McCormick: The stock climbed 1.8% after the spice manufacturer raised its annual earnings forecast, buoyed by better-than-expected third-quarter results.

• Tesla: Shares edged up 0.5% ahead of its upcoming report on third-quarter deliveries, with analysts anticipating an 8% increase compared to the same period last year.

• ZIM Integrated Shipping Services: The stock dropped 5.1% due to a strike by US dockworkers, which has resulted in the closure of several ports.