Wall Street hoped to continue its winning ways, with stock index futures up on Friday, after the major averages closed at record highs on Thursday. Here are four stocks to keep an eye on:
Amazon.com (AMZN) shares were up 0.5% in premarket trade as a U.S. District Court judge ruled that the firm violated a law that protects consumers by retaining Prime subscribers’ billing information before disclosing all the terms of the membership. The case is currently scheduled to go to trial next week.
Cracker Barrel Old Country Store (CBRL) was up 0.9% in extended trading as it is facing more heat following its logo fiasco, this time from an activist investor launching his eighth proxy battle against the restaurant chain. Sardar Biglari, CEO of rival chain Steak ‘n Shake, has urged Cracker Barrel’s (CBRL) shareholders to vote against the re-election of its CEO Julie Felss Masino and director Gilbert Dávila to the company’s board.
Merck & Company (MRK) rose 0.3% before the opening bell as an expert panel of the EU drug regulator, the European Medicines Agency (EMA) endorsed an injectable version of its blockbuster cancer therapy Keytruda (pembrolizumab). The CHMP’s decision, backed by data from a pivotal trial called 3475A-D77, will next undergo EC’s review, after which a final determination on the company’s marketing authorization is expected in Q4 2025.
Intel (INTC) fell 0.7% in premarket trading after Citi downgraded the chipmaker following its deal with Nvidia. Citi analyst Christopher Danely lowered his rating on Intel to Sell from Neutral but upped his price target to $29 from $24. INTC had surged 22.8% on Thursday.