Stocks making the biggest moves premarket: Applied Materials, Intel, Magnum Ice Cream and more

These are the stocks posting the largest moves premarket.
Trump says he will soon make decision about sanctions on Chinese companies buying Iranian oil

U.S. President Donald Trump said Friday that he will make a decision over the next few days about lifting sanctions on Chinese oil companies that buy Iranion oil.
This trucking stock has lagged of late. Citi thinks a rebound is coming

The bank upgraded the transport stock to buy from neutral.
Cerebras stock falls after blockbuster IPO debut — here’s what’s happening

Cerebras Systems’ shares were lower in early trading Friday, after its blockbuster stock market debut on Thursday.
Bill Ackman says he built Microsoft position in first quarter

Bill Ackman’s Pershing Square Capital Management has built a position in Microsoft, the billionaire hedge fund manager said Friday in a post on X.
Magnum Ice Cream stock soars 18% after report of potential private equity takeover

It comes just six months after Magnum Ice Cream Company spun off from Unilever to create the world’s largest standalone ice cream maker.
Fed Governor Miran submits resignation, throws support behind Warsh as new chair

Miran served as a contrarian voice on the rate-setting Federal Open Market Committee.
UAE fast tracks second West-East oil pipeline to bypass Strait of Hormuz

The second pipeline project comes as global energy supplies remain under pressure and flows through the Strait of Hormuz remain severely limited
Defense stocks continue to come under pressure – why Citi is ‘reluctant’ to buy the dip

The iShares U.S. Aerospace & Defense ETF has dropped about 10% since the start of March.
Trump-Xi summit: the 3 big takeaways from historic meeting in Beijing

The two-day meeting wrapped up Friday, setting the tone for further U.S.-China talks this year.