Stocks making the biggest moves premarket: PepsiCo, Intel, Philips and more

Check retired the companies making headlines earlier the bell:

PepsiCo (PEP) – The snack and beverage shaper reported an adjusted quarterly nett of $1.97 per share, 13 cents supra estimates, with gross besides topping forecasts. PepsiCo was capable to successfully rise prices connected its products and raised its guidance for the year. The banal gained 2.4% successful the premarket.

Intel (INTC) – Intel added 1% successful premarket trading pursuing a Bloomberg study that the spot shaper was readying to chopped thousands of jobs to woody with a slumping idiosyncratic machine market. Intel had 113,700 employees arsenic of July.

Philips (PHG) – Philips shares slumped 8.1% successful the premarket aft the Dutch wellness exertion institution said its third-quarter halfway nett would beryllium down astir 60% from a twelvemonth ago. The institution besides said it would instrumentality a astir $1.3 cardinal complaint against the worth of its troubled respiratory attraction business.

Cameco (CCJ) – The uranium shaper and powerfulness works relation Brookfield Renewable Partners (BEP) volition bargain atomic powerfulness instrumentality shaper Westinghouse Electric successful a woody worthy $7.9 billion, including debt. Cameco tumbled 11.5% successful premarket action, portion Brookfield was unchanged.

Diamondback Energy (FANG) – Diamondback Energy announced a woody to bargain vigor shaper FireBird Energy for $1.6 cardinal successful currency and stock. Diamondback fell 1% successful the premarket.

El Pollo Loco (LOCO) – El Pollo Loco shares rallied 15.2% successful premarket enactment aft the edifice relation announced a $1.50 per stock peculiar dividend and a banal repurchase programme worthy up to $20 million.

CME Group (CME) – The speech operator's banal was upgraded to bargain from clasp astatine Deutsche Bank, citing an charismatic valuation aft shares fell 33% from March's 52-week high. CME added 1.2% successful premarket action.

Lyft (LYFT) – Lyft gained 4.3% successful the premarket aft Gordon Haskett upgraded the banal to bargain from hold. The steadfast said the ride-hailing service's banal is present attractively valued and an improving operator proviso and different factors should assistance Lyft's results. The banal tumbled yesterday aft the Labor Department issued a caller connection that whitethorn classify drivers arsenic employees alternatively than contractors.

Norwegian Cruise Line (NCLH) – Norwegian jumped 3.5% successful premarket trading aft being upgraded to bargain from neutral astatine UBS, which noted a important betterment successful bookings for the cruise line.

KnowBe4 (KNBE) – The cybersecurity steadfast is adjacent to finalizing a woody to beryllium bought by backstage equity steadfast Vista Equity Partners for astir $4.5 billion, according to radical acquainted with the substance who spoke to the Wall Street Journal. KnowBe4 banal surged 12.3% successful premarket action.