U.S. Premarket Stock Movers: Intel Slumps 8%, Deckers Soars 12%, Centene Tumbles 13%
U.S. stock futures were slightly higher on Friday as investors digested a wave of corporate earnings and looked ahead to next week’s Federal Reserve policy meeting. Among the key factors influencing the market were the U.S. premarket stock movers in July.
Below are the biggest premarket U.S. stock movers today:
📉 Major Losers
| Stock | Move | Reason |
|---|---|---|
| Intel (NASDAQ:INTC) | ▼ 8% | Forecasted steeper Q3 losses and announced plans to cut headcount to 75,000 by year-end, down 22% from 2024 levels, via attrition and other means. |
| Centene (NYSE:CNC) | ▼ 13% | Posted a surprise quarterly loss due to higher medical costs linked to its insurance plans. |
| Charter Communications (NASDAQ:CHTR) | ▼ 7.6% | Missed Q2 earnings expectations amid continued customer losses. |
| Sarepta (NASDAQ:SRPT) | ▼ 10% | European regulators recommended against approving Elevidys, its gene therapy for Duchenne muscular dystrophy. |
📈 Major Gainers
| Stock | Move | Reason |
|---|---|---|
| Deckers Outdoor (NYSE:DECK) | ▲ 12% | Reported strong Q1 sales, driven by demand for Hoka and Ugg brands. |
| Newmont (NYSE:NEM) | ▲ 1.9% | Beat Q2 profit estimates on higher gold prices and strong operations. |
| Paramount Global (NASDAQ:PARA) | ▲ 1.1% | FCC approved its $8B merger with Skydance Media. |
| Boyd Gaming (NYSE:BYD) | ▲ 0.8% | Posted better-than-expected Q2 earnings due to strong core customers and improved retail play. |
| Phillips 66 (NYSE:PSX) | ▲ 0.6% | Topped Q2 profit estimates with higher refining margins and lower expenses. |
🔎 Market Outlook
Despite some mixed earnings, S&P 500 and Nasdaq futures remained slightly positive ahead of next week’s Fed policy meeting (July 29–30). Investors will closely watch for any hints on future interest rate cuts, as well as updates on manufacturing and services activity in the coming days.
Will Intel’s cost-cutting efforts help restore investor confidence, or will weak Q3 guidance weigh on the stock further? Drop your thoughts in the comments!
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