Stocks making the biggest moves in the premarket: Wynn Resorts, Petrobras, Hanesbrands and more

Take a look astatine immoderate of the biggest movers successful the premarket:

Wynn Resorts (WYNN) – Investor Tilman Fertitta has taken a 6.1% involvement successful the edifice operator, according to a Securities and Exchange Commission filing. Wynn shares rallied 4.2% successful premarket action.

Petrobras (PBR) – The Brazilian state-run lipid company's shares slid 8.5% successful premarket trading aft Luiz Inácio Lula da Silva defeated Jair Bolsonaro successful the Brazilian statesmanlike election.

Hanesbrands (HBI) – The apparel shaper received a double-downgrade astatine Wells Fargo Securities, which chopped the stock's standing to "underweight" from "overweight." Wells Fargo is acrophobic astir the company's indebtedness position, arsenic good arsenic concern headwinds that it feels are mostly retired of management's control. Hanesbrands slid 3.8% successful the premarket.

Paramount Global (PARA) – The media company's banal was downgraded to "underweight" from "equal weight" astatine Wells Fargo Securities, which had downgraded the banal to "equal weight" lone a fewer weeks ago. Wells Fargo said the archetypal downgrade came amid concerns astir cord-cutting and the rising outgo of sports rights, and that the concern has worsened since then. Paramount Global fell 3.7% successful premarket action.

Emerson Electric (EMR) – The concern conglomerate is selling a bulk involvement successful its clime technologies concern to private-equity steadfast Blackstone (BX). The transaction would worth the portion astatine $14 billion, including assumed debt. Emerson gained 1.3% successful the premarket portion Blackstone was unchanged. Separately, Emerson reported better-than-expected quarterly nett and revenue.

Caterpillar (CAT) – The dense instrumentality maker's shares mislaid 1.2% successful the premarket aft UBS downgraded the banal to "neutral" from "buy." UBS said the downgrade reflects a much balanced risk/reward profile, but is inactive upbeat connected Caterpillar's prospects implicit the longer term.

Keurig Dr Pepper (KDP) – The beverage maker's banal fell 1.8% successful premarket trading aft Truist Securities downgraded it to "sell" from "neutral." Truist believes the company's java concern volition beryllium to beryllium a resistance connected income and nett maturation done 2023.

XPO Logistics (XPO) – The logistics steadfast reported quarterly nett of $1.45 per share, beating estimates by 10 cents a share. Revenue besides topped analysts' forecasts, helped by gross betterment successful XPO's less-than-truckload business.