Stocks making the biggest moves premarket: Carnival, Chewy, KB Home, Lockheed Martin and more

Check out the companies making headlines before the bell: Carnival — The cruise line jumped more than 6% after beating second quarter earnings and revenue that topped analysts’ expectations. Carnival reported adjusted earnings of 35 cents per share on revenue of $6.33 billion. Analysts were expecting earnings of 25 cents per share on revenue of $6.21 billion, according to FactSet. Airlines — Airlines rose following a drop in oil prices after President Trump called for a ceasefire in Iran and Israel. Frontier Group climbed 3%, United Airlines gained more than 2.5%, American Airlines Group advanced 2.1%, Delta Air Lines and JetBlue Airways rose 1.7%, Alaska Air added 1.4% and Southwest Airlines advanced 1%. Chewy — The pet-focused ecommerce retailer dropped 1.5% after a secondary sale of $1 billion in new Class A shares through JPMorgan. Chewy also authorized the repurchase $100 million of its stock. KB Home — The homebuilder dipped 1.1% after KB Home lowered its full-year revenue guidance. Los Angeles-based KB expects housing revenue between $6.3 billion and $6.5 billion, down from a previous $6.6 billion to $7.0 billion. KB Home’s CEO said in an earnings release that the housing market has “softened.” Defense stocks — Defense stocks fell after U.S. President Donald Trump said Tuesday a ceasefire in the Iran-Israel conflict is in effect. Shares of Lockheed Martin and RTX dipped more than 1% each. Oil — Oil stocks were little changed after Trump announced a ceasefire in effect between Israel and Iran. The VanEck Oil Services ETF eased 0.2% while Exxon Mobil retreated more than 1%. Visa , Mastercard — Visa and Mastercard rose more than 1% and 2%, respectively, after after Wells Fargo reiterated overweight ratings on both payments providers, saying investors should take advantage of of the recent pullback. First Financial Bancorp — Shares gained 1.7% after the Cincinnati-based bank agreed to buy Westfield Bancorp from Ohio Farmers Insurance Company for $325 million in cash and stock. Thor Industries — The owner of RV brands gained 1.7% after authorizing a $400 million buyback. Snowflake — The cloud-based online data storage company rose 2% after Morgan Stanley upgraded it to overweight from equal weight. The investment bank, which says Snowflake has more than 22% upside, is confident artificial intelligence growth will boost the stock. — CNBC’s Michelle Fox, Alex Harring and Jesse Pound contributed reporting

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Finance

Stocks making the biggest moves after hours: Hims & Hers, Gitlab, Cleanspark, Webtoon Entertainment & more

May 11, 2026

Check out the companies making headlines after the bell : Hims & Hers Health — Shares dropped more than 6% after the telehealth company guided for adjusted EBITDA in its current quarter of between $35 million to $55 million. Analysts polled by LSEG were expecting $70 million. Aecom — The infrastructure consulting stock added 2% […]

Finance

Series of court decisions weaken Democrats’ odds of winning the House

May 11, 2026

Key Points Odds that the party wins control of the lower chamber have fallen to 75% from 85.3% on April 28. While Democrats are still favored to win control of the House, the odds they do it are at their lowest level since late December. Source

Finance

JPMorgan Chase-led bank group reins in credit line to troubled KKR private credit fund as losses mount

May 11, 2026

Key Points JPMorgan-led lenders cut FS KKR Capital’s credit facility by roughly $648 million, or 14%, while raising borrowing costs. FS KKR reported deepening losses and announced a $300 million support package from KKR for the troubled BDC days after the credit-line amendment. The fund, known by its ticker FSK, reported roughly $560 million in […]