Check out the companies making the biggest moves in premarket trading: Defense stocks — Defense stocks jumped after President Donald Trump called for a defense budget of $1.5 trillion in 2027, saying in a Truth Social post he wanted to build a “Dream Military.” Lockheed Martin and L3Harris Technologies rallied 8%, while Northrop Grumman soared 8.5%. General Dynamics and RTX gained about 5%. Applied Digital — Shares moved nearly 5% higher after the company posted an earnings and revenue beat for its fiscal second quarter. Applied Digital’s revenue came in at $127 million, versus the $88 million LSEG consensus estimate. It also broke even on a per-share basis, versus a loss of 12 cents a share expected from analysts. The company said it is in advanced discussion with another investment-grade hyperscaler across multiple regions. Gap — The retailer added 4% on the back of an upgrade to buy at UBS, which said it expects an inflection in sales and earnings growth. Alcoa — The aluminum company fell 3.8% following a downgrade at JPMorgan to underweight . The firm pointed to uncertainty around tariffs and the stocks’ relative valuation. Generac — The power generator maker rose 2% following an upgrade to buy from neutral at Citi. The bank said the stock’s more than 20% pullback since late October is overdone, calling for more than 45% upside. Constellation Brands — The maker of Corona and Modelo climbed 1.6% following the release of its third-quarter results. Constellation reported adjusted earnings of $3.06 per share on revenue of $2.22 billion. Analysts polled by LSEG had expected earnings of $2.63 per share on revenue of $2.16 billion. Shell — The petrochemical giant fell more than 2% after Shell issued an update to its fourth quarter outlook, noting weakness in its Chemicals & Products segment, and that Trading & Optimisation will be “significantly lower” than in the third quarter. — CNBC’s Fred Imbert 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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© 2026 incapitalquest.com – All rights reserved.