Several steelmaking and technology stocks performed well in premarket trading Tuesday. Cleveland-Cliffs led the gains with a rise of more than 10% after reporting adjusted earnings of 28 cents per share for the third quarter, beating the FactSet consensus estimate of 21 cents. Intel climbed nearly 4% following JPMorgan’s upgrade from underweight to neutral, citing solid management execution despite a multi-year turnaround timeline. Datadog gained 3% after Bernstein upgraded it to outperform, with analyst Peter Weed citing AI tailwinds as a growth catalyst. Amazon added more than 1% after Morgan Stanley named it a top pick, highlighting accelerating growth at Amazon Web Services and its Bedrock AI platform.
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