Intel, UnitedHealth and DR Horton Rise Premarket; Applied Materials Slumps

Investing.com – U.S. stock futures traded in a mixed fashion Friday ahead of a summit between U.S. President Donald Trump and Russian President Vladimir Putin to discuss a possible ceasefire in Ukraine. Here are some of the biggest premarket U.S. stock movers today:

- UnitedHealth (NYSE:UNH) stock rose 11% after Warren Buffett’s Berkshire Hathaway disclosed a new investment in the deeply unpopular health insurer.
- Intel (NASDAQ:INTC) stock rose 1.4%, adding to earlier gains, following a Bloomberg report that the Trump administration is discussing the possibility of the U.S. government taking a stake in the chipmaker.
- Applied Materials (NASDAQ:AMAT) stock tumbled 14% after the chip equipment maker issued weak fourth‑quarter forecasts on sluggish China demand, fueling concerns over tariff‑related risks.
- DR Horton (NYSE:DHI) stock rose 3.4% and Lennar (NYSE:LEN) gained 4% after Berkshire Hathaway also boosted its bet on home builders, revealing a new stake in the former and a significantly larger stake in the latter.
- Target (NYSE:TGT) stock fell 1.6% after Bank of America downgraded its stance on the retailer to “underperform” from “neutral”, citing a “deteriorating” long‑term outlook and growing competitive pressure from major competitors.
- SanDisk (NASDAQ:SNDK) stock slumped 10% despite a strong quarterly result as the flash memory manufacturer suffered pressure from bearish momentum.
- Tapestry (NYSE:TPR) stock rose 1.9% after Wells Fargo lifted its price target on the fashion house, keeping an “overweight” rating, saying the recent sell‑off is overdone.
- Twilio (NYSE:TWLO) stock rose 3.8%, with the cloud communications company set to join the S&P MidCap 400 index following UnitedHealth’s acquisition of Amedisys.

Intel, UnitedHealth and DR Horton Rise Premarket; Applied Materials Slumps

In pre‑market trading on Friday, UnitedHealth, Intel and DR Horton saw gains while Applied Materials fell sharply. The moves were driven by new investment announcements from Berkshire Hathaway, a Bloomberg report on a potential U.S. government stake in Intel, and weak fourth‑quarter forecasts for Applied Materials. Other stocks such as Target, SanDisk, Tapestry and Twilio also moved in response to analyst upgrades, downgrades and corporate acquisitions.