Straight from Benzinga newsdesk, hosts Brent Slava and Michael O'Connor bring you the market news and stocks to watch.

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STOCKS TO WATCH:  $T $NKE $XPEV $TQQQ $S

AT&T (T) - The stock traded lower following a report suggesting Amazon is in talks with mobile carriers to offer low-cost mobile phone service to Prime subscribers. Shares of Verizon (V) and T-Mobile (TMUS) were down in the premarket as well.

 

Nike (NKE) - Shares of the athletic apparel company were higher premarket in sympathy with Lululemon Athletica (LULU), which surged following strong Q1 results.

 

XPeng (XPEV) - Shares of Chinese EV stocks gained following a report suggesting the country will extend and optimize a tax exemption on new energy vehicles.

 

ProShares UltraPro QQQ (TQQQ) - This 3x leveraged Nasdaq ETF continues to gain amid strength in the tech sector this year on AI-related optimism. US Senate passage of a debt limit bill has also lifted the broader market on Friday, sending major indices higher.

 

SentinelOne (S) - Shares fell over 30% after the company issued weak Q2 guidance and saw multiple analyst downgrades.

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Hosts:

Brent Slava Reach out to Brent at [email protected]

Sr. Reporter, Head of Benzinga Newsdesk

Michael O'Connor Reach out to Michael at [email protected]

Benzinga Strategy Development

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