Stock Market

AT&T, Super Micro, Tesla, Li Auto, Microsoft, and More Market Movers


AT&T

was falling 2.4% after the telecommunications company over the weekend disclosed that personal data from millions of account holders was leaked on the dark web about two weeks ago.

AT&T

has launched an investigation and has begun notifying customers whose personal information was compromised. It also has reset the passcodes of current users. AT&T said its analysis found that the data set “appears to be from 2019 or earlier, impacting approximately 7.6 million current AT&T account holders and approximately 65.4 million former account holders.”

Super Micro Computer

rose 1.1% in premarket trading. The server maker was the best-performing stock in the S&P 500 during the first three months of the year, jumping 225%.

Tesla

was the worst, falling 29%. Shares of the electric-vehicle maker were up 0.4% in premarket trading.

Tesla

is expected to report first-quarter deliveries on Tuesday with Wall Street cutting estimates as demand slows for all-electric vehicles. Ahead of the delivery numbers, Tesla raised prices on its Model Y in the U.S. by $1,000, according to a report from Reuters.

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U.S.-listed shares of

Li Auto

rose 4.2% after the Chinese EV maker said it delivered 28,984 vehicles in March, up 39 from a year earlier. First-quarter deliveries were 80,400, up nearly 53%.

NIO

was rising 2% and

XPeng

gained 1.8% after they also released deliveries data that rose sharply in March from a year earlier.

Microsoft

gained 0.6% in premarket trading to $423.20 after analysts at Jefferies raised their price target on the stock to $550 from $465 and maintained their Buy rating. Analyst Brent Thill said in a research note that

Microsoft

was the top winner in artificial intelligence, the Fly reported.

Semtech

was down slightly in premarket trading after the chip maker posted better-than-expected fiscal fourth-quarter sales on Thursday and said it expects first-quarter net sales of $200 million, better than forecasts of $195.3 million.

The spinoff of Solventum, the former healthcare business of

3M
,

has been completed and the stock begins trading Monday. Solventum also will replace

VF Corp.

in the S&P 500.

VF
Corp.

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will be moved to the S&P SmallCap 600 prior to the start of trading on Wednesday. VF shares rose 1%.

Earnings reports are expected Monday from

PVH

and

Sigma Lithium
.

Reports are expected later in the week from

Paychex
,

Cal-Maine Foods
,

Dave & Buster’s Entertainment
,

Acuity Brands
,

Levi Strauss
,

BlackBerry
,

RPM International
,

Lamb Weston
,

Conagra Brands
,

and

Simply Good Foods
.

Write to Joe Woelfel at joseph.woelfel@barrons.com



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