Check out the companies making headlines in premarket trading: Oil stocks — Energy stocks climbed in premarket trading amid a jump in oil prices after Israel launched airstrikes against Iran without U.S. support, drawing concerns over the supply outlook from the oil-rich Persian Gulf. Chevron and Exxon Mobil rallied about 3% each, while ConocoPhillips jumped more than 4%. EOG Resources gained more than 3%. Gold stocks — Stocks tied to gold advanced as investors flocked to the perceived safe haven amid the geopolitical escalation. Newmont and SSR Mining both rose more than 1%, as did the VanEck Gold Miners ETF (GDX) . Defense stocks — Weapons manufacturers rose amid elevated geopolitical risk following Israel’s attack on Iran. RTX and Northrop Grumman both surged more than 4%, Lockheed Martin gained 3.5% and L3Harris Technologies added 2.2%. Cruise lines and airlines — Travel companies slid as investors worried that heightened risk would deter vacationers and spikes in oil prices would hurt profit. Carnival fell more than 4%, and Norwegian Cruise Line and Royal Caribbean Cruises dropped more than 3% each. United Airlines weakened more than 5% while Delta Air Lines and American Airlines each declined more than 4%. Southwest Airlines shed more than 2%. Hotel stocks — Hotel and resort stocks declined as traders weighed the outlook for diminished travel demand following Israel’s strike on Iran. Hilton Worldwide and InterContinental Hotels Group slipped more than 2% apiece, while Marriott pulled back nearly 2%. RH — The home furnishings retailer jumped 19% after posting a surprise adjusted profit in its fiscal first quarter. RH earned an adjusted 13 cents per share, while analysts surveyed by LSEG expected a loss of 9 cents per share. Net income of $8 million reversed a year-earlier loss of $3.6 million, but revenue trailed Street estimates. RH shares were down more than 50% year to date ahead of the report. DraftKings — Shares of the sports betting app lost nearly 3% after imposing a 50-cent transaction fee in Illinois starting in September after state lawmakers passed a budget including what one analyst described as a surprise increase in an online gambling tax . Adobe — Shares fell more than 3% after the graphic design software company posted better-than-expected second-quarter earnings. StreetAccount cited concern over a “slight deceleration in Subscription and cRPO growth rates [and] implied Q4 growth outlook.” In the latest quarter, Adobe earned an adjusted $5.06 per share on $5.87 billion in revenue, above the $4.96 per share and $5.79 billion in revenue analysts surveyed by LSEG were expecting. Adobe also lifted its full-year guidance. GE Vernova — The turbine manufacturer slipped nearly 3% on the heels of a downgrade to peer perform from outperform at Wolfe Research. Analyst Nigel Coe cited concern over GE Vernova’s “challenging valuation” after a more than 48% gain for the stock in 2025. — CNBC’s Yun Li, Jesse Pound, Sean Conlon and Brian Evans contributed reporting.
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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