Take a look at some of the biggest movers in the premarket:
Tractor Supply (TSCO) – Tractor Supply said it expected record-breaking sales and earnings for the current quarter, and that comparable-store sales for the farm supply company would grow by 20% to 25%. Tractor Supply shares are up 47% since nationwide lockdowns began in mid-March, the best gain of any retail stock in the S&P 500.
Walt Disney (DIS) – Disney will submit a plan today to Orange County officials for reopening its Walt Disney World resort. Disney needs approval from the county and then from the governor before Walt Disney World can reopen.
Boeing (BA) – The jet maker plans to announce 2,500 voluntary layoffs this week, according to union officials. This would be the first phase of wider job cuts that Boeing has said will amount to about 10% of its workforce.
Tesla (TSLA) – Tesla has cut vehicle prices in North America by as much as 6%, following a decline in auto demand since pandemic-related lockdowns began.
Sanofi (SNY) – Sanofi will raise more than $11 billion from its sale of shares in U.S. partner Regeneron (REGN), selling 21.6 million shares at $515 per share. The French drugmaker could wind up raising $11.7 billion if underwriters exercise an option to buy 1.2 million addition Regeneron shares.
Amazon.com (AMZN) – Amazon is in advanced talks to buy Zoox, according to The Wall Street Journal. Zoox is a developer of technology for self-driving taxis that can be summoned by phone.
Twitter (TWTR) – Twitter has applied fact-checking notices to tweets by President Donald Trump for the first time, applying them to two tweets about alleged fraud related to mail-in ballots. Twitter had instituted a policy earlier this month saying it would apply fact-checking labels to topics subject to misinformation.
Walmart (WMT) – Walmart struck a deal with second-hand apparel seller ThredUp, allowing customers to browse ThredUp offerings on its website and get free shipping if they spend $35 or more.
Domino’s Pizza (DPZ) – Domino’s said it has seen a rebound in demand during the first eight weeks of the current quarter, though growth in the U.S. has been much stronger than in international markets. Comparable-store sales in the U.S. increased by 14% between March 23 and May 17, but international sales were up by just 1% during that same period.
Brown-Forman (BF.B) – UBS downgraded the spirits maker’s stock to “sell” from “neutral,” saying the pandemic and its economic fallout present short and long term challenges that are not reflected in the stock’s price.
Freshpet (FRPT) – Jefferies rates the fresh pet food seller as a “buy” in new coverage, saying Freshpet is positioned to sustain mid-20s annual sales growth with a best-in-class business model and a natural competitive moat.