Check out the companies that made the biggest premarket moves: Cleveland-Cliffs – The steelmaker’s stock gained more than 10% after the company posted better-than-expected earnings for the third quarter. Cleveland-Cliffs reported adjusted earnings of 28 cents per share, beating the FactSet estimate of 21 cents per share. The report comes after the Canadian government last week threatened legal action, including the potential sale of Canadian assets, over plans to cut hundreds of jobs at Stelco operations. Intel – Shares rose nearly 4% after JPMorgan upgraded the chipmaker to neutral from underweight. “Although [the] the turnaround will take years, the execution of mgmt has been hindered, and our confidence is building,” wrote analyst Harlan Sur. Datadog – Cloud monitoring company gained 3% after Bernstein’s upgrade to outperform the market performance. Bernstein analyst Peter Weed said AI tailwinds will boost the stock. Amazon – The e-commerce giant gained more than 1% of the price target. accelerated growth in Amazon Web Services, the potential of the Bedrock AI platform and the efficiency supported by robotics – Alternative asset managers increased 1% after The Wall Street Journal reported late Friday, citing sources, that investment bankers had approached the company about a full or partial sale.
Stocks that made the biggest premarket: CLF, INTC, DDOG, AMZN