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AMD, Levi Strauss, DraftKings and more


Here are the companies making headlines before the call:

Advanced Micro Devices (AMD) – AMD fell 5.3% in the premarket after cutting its sales forecast. The chipmaker said it was hit by a bigger-than-expected drop in the personal computer market.

Levi Strauss (LEVI) – Levi Strauss took a 5.3% premarket hit after lowering its full-year sales and profit forecast. The apparel maker is feeling the impact of rising costs, supply chain issues and a stronger US dollar.

CVS Health (CVS) – Shares of CVS fell 5% in premarket trading after downgrading one of its Aetna Medicare Advantage plans in annual ratings issued by the Centers for Medicare and Medicaid Services.

DraftKings (DKNG) – Shares of DraftKings rose 5.6% in premarket after Bloomberg reported that the betting company is close to a major new partnership with Walt Disney(DIS) block of ESPN.

Elevator (LYFT) – Lyft fell 2.6% in the premarket after RBC downgraded the ride-hailing service’s stock to “sector perform” from “outperform.” RBC said its analysis of driver supply points to a less optimistic outlook for Lyft and its competitor Uber (UBER) has “structural advantages” over Lyft.

Ambak (AMBC) – Municipal bond insurer to receive $1.84 billion to settle lawsuits Bank of America (BAC). The suits stemmed from bond insurance policies that Ambac provided to Bank of America’s nationwide credit division before the 2008 financial crisis. Ambac rose 21.1% in the previous market.

Credit Suisse (CS) – Credit Suisse rose 5.6% in the premarket after the bank said it would buy back up to $3 billion in debt in an effort to reassure investors about its financial health.

Tilray (TLRY) – The cannabis producer jumped 5.4% in premarket trading, even as it reported a bigger-than-expected loss as well as slightly lower-than-expected revenue for the latest quarter. Tilray did confirm its full-year forecast and said it had hit nearly all of its savings target. tilray, Aurora cannabis (ACB), Canopy Growth Corp (CGC) and Cronos group ( CRON ) were among the cannabis stocks that rose Thursday after President Joe Biden announced the pardon for those convicted of federal marijuana possession charges.

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