U.S. Stocks to Watch: Tesla, AMD, AppLovin, Trilogy Metals, Constellation Brands, Aehr Test Systems, and More

Dow Jones
2025/10/07

Stock futures slipped Tuesday as investors were taking profits following seven straight days of gains for the benchmark S&P 500. The U.S. government shutdown also entered its seventh day.

These stocks were poised to make moves Tuesday:

Tesla fell 1% in premarket trading after ending up 5.5% on Monday. The electric-vehicle maker on Monday teased a major announcement, sharing a short video on social-media platform X that showed the headlights of a vehicle surrounded by darkness. A separate video showed a Tesla wheel or fan spinning and ended with the date "10/7." What Tesla will unveil Tuesday isn't known but the company for months has teased the launch of a more affordable model.

Advanced Micro Devices rose another 3% in premarket trading following a 24% gain Monday as the chip maker announced a long-term deal to become a key supplier to OpenAI's artificial-intelligence infrastructure buildout. OpenAI received a warrant to purchase up to 160 million shares of AMD stock at 1 cent each, representing roughly 10% of AMD's total shares outstanding. AMD's market cap grew $63.36 billion to $330.6 billion on Monday, according Dow Jones Market Data, the stock's largest one-day market cap gain on record.

Chip rivals Nvidia was up 0.4% and Broadcom rose slightly in the premarket, following moderate losses Monday.

AppLovin was down 2.7% in the premarket session after Bloomberg reported the Securities and Exchange Commission was investigating the data-collection practices of the mobile advertising tech company. An AppLovin spokesperson told Barron's that "generally, we do not comment on the existence or nonexistence of any potential regulatory matters. That said, as a global public company, we regularly engage with regulators and if we get inquiries we address them in the ordinary course. Material developments, if any, would be disclosed through the appropriate public channels." The stock fell 14% Monday.

Trilogy Metals soared 159% to $5.41 after the White House said late Monday it was investing $36.5 million, or about 10%, in the small Canadian miner company. The U.S. government will take warrants to purchase an additional 7.5% of the stock. Coming into Tuesday, shares have risen 331% over the past 12 months.

Lucid Group's third-quarter deliveries missed expectations even as the EV maker posted 47% growth from the same period a year earlier. Lucid said it delivered 4,078 vehicles in the quarter. It produced 3,891 vehicles in the period, with more than 1,000 additional vehicles built for Saudi Arabia for final assembly. The stock fell 0.8% in premarket trading.

Constellation Brands rose 3.2% after the company reduced its fiscal-year guidance even as fiscal second-quarter earnings and sales beat analysts' expectations. The company estimated earnings for the year of $9.86 to $10.16 a share, down from prior guidance of between $10.77 and $11.07. Like many other alcohol and beverage companies, Constellation has struggled lately as younger consumers cut back on drinking alcohol because of rising prices, health concerns, and the popularity of other recreational options. The stock has fallen 37% this year.

Aehr Test Systems posted slightly better-than-expected fiscal first-quarter results, but shares of the semiconductor equipment maker tumbled 15% after the company swung to a loss from a year earlier. CEO Gayn Erickson said the company remained cautious due to ongoing tariff-related uncertainty and wasn't reinstating formal guidance yet, but was "confident in the broad-based growth opportunities ahead across AI and our other markets."

Verizon Communications rose 0.6% in premarket trading. Shares dropped 5.5% Monday after the telecommunications company appointed lead independent director Daniel Schulman as its CEO. The leadership change came as the company attempts to stop customers from switching to rivals like T-Mobile and AT&T. Shares of T-Mobile and AT&T were largely unchanged in the premarket session, following losses between 2% and 5% Monday.

Amazon.com shares were up 0.2% in premarket trading as Amazon Prime Day, the company's second Prime sales event of the year, kicked off at 3:01 a.m. Eastern Time. Prime's Big Deal Days, for Amazon Prime members, will take place on Tuesday and Wednesday.

Earnings reports are expected Tuesday from McCormick & Co. and Penguin Solutions.

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