Premarket Movers｜Rare Earth Stocks Jump with MP Materials and USAR up 4%; Levi Strauss up 7%; Wolfspeed, CoreWeave down 3%
Levi Strauss & Co stock rose 7% in premarket trading on Friday.
Levi Strauss & Co raised its annual revenue and profit forecasts after beating quarterly estimates on Thursday, betting on strong demand for its denims in regions such as Europe in the face of tariff uncertainty.
Levi's is leaning on a diverse supply chain that includes Bangladesh and Cambodia, and getting rid of less-enticing merchandise to weather tariffs at a time when other apparel brands are feeling the pinch of higher costs on duties.
Rare earth stocks jumped in premarket trading on Friday. MP Materials Corp., USA Rare Earth Inc. up 4%.
Wolfspeed Inc. shares dipped 3% premarket following 21% drop in prior session.
CoreWeave, Inc. shares dipped 3% premarket following 10% drop in prior session.
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