Take a look at some of the biggest premarket changes:
Shell – Shares of the US-traded energy giant rose more than 2% in premarket trading after Shell apologized for buying a shipment of Russian oil. The company has said it will no longer purchase Russian oil locally and is closing other operations in the country.
Dick’s Sporting Goods. Retail shares rose more than 4% in premarket trading after Dick’s released fourth-quarter results. According to estimates compiled by Refinitiv, the quarter beat expectations on adjusted earnings and revenue. The company said same-store sales grew 5.9%, faster than in the fourth quarter of 2019 before the pandemic.
Carnival Cruise Line, Norwegian Cruise Line Holdings – Shares in cruise lines rebounded Tuesday morning after a sharp fall in the previous session. Shares of Carnival and Norwegian rose more than 3% in premarket trading.
Enphase Energy, SunPower – Shares of solar and other clean energy companies rose in premarket trading as the continued rise in oil prices shifted focus to alternative energy sources. Shares of Enphase Energy and SunPower rose more than 3% in premarket trading.
Chevron, Exxon Mobil – Traditional energy stocks point to a strong open as oil prices rose again on Tuesday morning. Shares of Chevron and Exxon rose about 1% in premarket trading.
Dish Network – Telecommunications shares rose more than 2% in premarket trading after Dell upgraded Dish’s rating to neutral. The investment firm said in a note that Dish’s assets in the spectrum are undervalued.
Apple – Shares of the tech giant rose slightly in premarket trading on Tuesday. Later in the day, Apple will hold a product launch, and some Wall Street analysts are expecting the company to announce a budget iPhone.