Micron falls premarket; Darden Restaurants, CarMax and Accenture rise

  • December 19, 2024

Investing.com -- US stock futures rose Thursday, bouncing after the previous session’s sharp selloff in the wake of the Federal Reserve taking a more hawkish stance to interest rate cuts next year.

Here are some of the biggest premarket US stock movers today:

  • Micron (NASDAQ: MU ) stock slumped 11% after the chipmaker offered up disappointing second-quarter guidance, expecting sales in that quarter to be around $7.9 billion, below consensus of $9 billion.

  • Tripadvisor (NASDAQ: TRIP ) stock gained 11% after the online travel agency said it would buy Liberty TripAdvisor Holdings (OTC: LTRPA ) in a deal valued at about $435 million.

  • Darden Restaurants (NYSE: DRI ) stock gained 9.3% after the restaurant operator posted fiscal second-quarter results ahead of expectations, with sales rising 6%, while adding upbeat guidance.

  • CarMax (NYSE: KMX ) stock rose 6.9% after the used car retailer reported third-quarter earnings and revenue that topped analyst expectations, driven by increases in unit sales and strong margins.

  • Accenture (NYSE: ACN ) stock gained 6.1% after the IT service provider beat estimates for first-quarter revenue, on the back of growing demand for its services to help clients adopt AI-powered tools.

  • Lamb Weston (NYSE: LW ) stock slumped 20% after the frozen potato snacks maker trimmed its annual profit and sales forecasts, and also named insider Michael Smith to replace its CEO following pressure from activist investor Jana Partners.

  • Amazon (NASDAQ: AMZN ) stock rose 1.5%, rebounding after falling almost 5% in the previous session, even as workers at seven US facilities chose to strike during the holiday shopping rush, aiming to pressure the retailer into contract talks with their union.

  • Dollar Tree (NASDAQ: DLTR ) stock rose 1.1% after the discount store announced that interim CEO Michael Creedon would take on the role full-time.