Warner Bros Discovery, KKR, Cinemark rise premarket; Tyson Foods, Yellow Corp fall

Investing.com — U.S. edged higher Monday, starting a new week, which includes the release of key inflation data as well as more corporate earnings, on a positive note.

Here are some of the biggest premarket U.S. stock movers today:

• Apple (NASDAQ:) stock rose 0.3%, bouncing after Friday’s sharp losses, following its disappointing iPhone sales report, even after Rosenblatt downgraded the tech giant to ‘neutral’ from ‘buy’.

• Warner Bros. Discovery (NASDAQ:) rose 1.1%, helped by its role as distributor of the movie “Barbie”, which has raked in over $1 billion in ticket sales worldwide just 17 days after its debut.

• Tyson Foods (NYSE:) stock slumped 7% after the meat packer missed expectations for third quarter , as customers scaled back on meat purchases in the face of still high inflation.

• KKR (NYSE:) stock rose 1.7% after the private equity firm reported a 23% drop in second quarter , a smaller drop than expected.

• Sovos Brands (NASDAQ:) rose 25% after Campbell Soup (NYSE:), down 1.7%, said it would buy the food company for $2.33B.

• Berkshire Hathaway (NYSE:) stock rose 1.6% after the Warren Buffett-led conglomerate posted its highest ever quarterly operating profit.

• Yellow Corp. (NASDAQ:) stock slumped over 40% after the U.S. trucking firm filed for Chapter 11 bankruptcy protection, burdened with a heavy debt load after a series of mergers.

• Cinemark (NYSE:) stock rose 0.9% after Morgan Stanley) said the combined revenue boost of the “Barbie” and “Oppenheimer” films could boost the movie chain’s stock by more than 35%. The bank maintains its “overweight” rating.