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Premarket Movers: These stocks are hot out of the gate

Here are some of the stocks that are moving in premarket today, May 8, 2023:


Tesla (TSLA) is up 2% in premarket trading after the company announced that it has delivered more than 1 million electric vehicles in 2022. This is a significant milestone for Tesla, and it shows that the company is continuing to grow at a rapid pace.


Palantir Technologies (PLTR) is up 1% in premarket trading after the company announced that it has won a new contract with the U.S. Army. This contract is worth up to $823 million, and it will allow Palantir to provide its software to the Army's intelligence and analytics teams.


Western Alliance Bancorp (WAL) is up 3% in premarket trading after the company reported strong earnings for the first quarter of 2023. Western Alliance Bancorp is a regional bank that operates in the western United States. The company's earnings were driven by strong loan growth and a low cost of funds.


Occidental Petroleum (OXY) is up 4% in premarket trading after the company announced that it has reached an agreement to sell its Permian Basin assets to EIG Global Energy Partners for $5.5 billion. The sale of these assets will allow Occidental Petroleum to focus on its core assets in the Gulf of Mexico.


American Airlines Group (AAL) is up 1% in premarket trading after the company announced that it has raised its guidance for the second quarter of 2023. American Airlines Group is one of the largest airlines in the United States. The company's guidance increase was driven by strong demand for air travel.


These are just a few of the stocks that are moving in premarket today. Investors should carefully consider all of the factors that could affect the stock market before making any investment decisions.


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