Stock futures traded mostly lower Monday as investors increased bets the Federal Reserve would pull back on stimulus following a stronger-than-expected U.S. jobs report.
Here are some of the top movers during premarket trading on Monday:
1. Advanced Micro Devices - Up 0.3%
Advanced Micro Devices (AMD) - Get Advanced Micro Devices, Inc. Report shares wavered after analysts at BMO Capital Markets boosted their rating and target price for the chipmaker amid an improving earnings backdrop and market-share gains.
2. Tesla - Up 1.5%
Tesla (TSLA) - Get Tesla Inc Report shares advanced after Jefferies analysts upgraded their rating on the stock, predicting it would rally 22% over the next 12 months as the electric carmaker continues to prove both a leader and innovator in the mass-production EV and battery market.
3. AMC Entertainment - Down 1.9%
Shares of AMC Entertainment (AMC) - Get AMC Entertainment Holdings, Inc. Class A Report slipped as as meme-stock retail investors on stock-trading platform Stocktwits talked up the potential for the shares to extend gains. Microvast (MVST) - Get MICROVAST HOLDINGS, INC. Report was surging after also being mentioned by retail investors.
4. Golden Nugget Online Gaming - Up 54%
Golden Nugget Online Gaming (GNOG) - Get GOLDEN NUGGET ONLINE GAMING, INC. Report shares leaped after the company agreed to be acquired by online sports-gambling company DraftKings (DKNG) - Get DraftKings Inc. (DKNG) Report for about $1.56 billion. The transaction is expected to close in the first quarter.
5. Sanderson Farms - Up 7.9%
Shares of Sanderson Farms (SAFM) - Get Sanderson Farms, Inc. Report surged after the chicken producer agreed to be bought by a Cargill and Continental Grain joint venture in a deal valued at $4.53 billion. Sanderson Farms will be combined with Wayne Farms, a Continental Grain subsidiary, to form a new, privately held poultry business.