Stock index futures were higher on Tuesday, a day after the blue-chip Dow Jones notched a record close. Here are the four stocks to watch on the day:
Under Armour (UAA) rose 3.7% in premarket trade after Fairfax Financial disclosed in an SEC filing that it holds a 22.2% stake in the company. The Canadian insurance-focused holding company holds 41,958,923 shares in aggregate after the recent round of buying. Shares of UAA have been up more than 20% over the last six weeks.
Advanced Micro Devices (AMD) was up 0.7% before the opening bell as it unveiled a new chip designed for enterprise data centers. It seeks to challenge Nvidia’s dominance in the AI hardware market while also highlighting the capabilities of its next generation of data center products. The company is adding a new model to its current lineup—one called the MI440X—for use in smaller corporate data centers.
TransUnion (TRU) stock declined 2.5% in Tuesday premarket trading after Federal Housing Finance Agency Director Bill Pulte renewed his criticism of credit reporting companies’ pricing models. Equifax stock also slipped 2.3%.
Vistra (VST) rose 4.6% before the opening bell after saying it agreed to acquire Cogentrix Energy from Quantum Capital Group in a deal valued at ~$4 billion. The deal comprised $2.3 billion in cash and 5 million common shares worth $900 million, plus the assumption of $1.5 billion of debt offset by $700 million in expected tax benefits generated directly from the transaction.