Nike, Constellation Brands fall premarket; Apple, Carnival rise

Investing.com -- U.S. futures traded higher, ahead of key inflation data as the month and quarter come to a close.

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

• Nike (NYSE: NKE) stock fell 2.9% after the sports apparel retailer forecast first-quarter revenue below expectations on Thursday as cost-conscious consumers cut back on purchases in North America, the company's biggest market.

• Constellation Brands (NYSE: STZ) stock fell 1.4% after the spirits and brewing giant reported a cautious outlook even better-than-expected first quarter results, boosted by strong growth in its beers business.

• Ford (NYSE: F) stock rose 0.7% after the auto giant said it has found a major international investor for its German plant in Saarlouis and has signed initial agreements together with the western state of Saarland.

• Apple (NASDAQ: AAPL) stock rose 0.9%, which would push the company’s market valuation above $3 trillion, helped by Citi initiating coverage of the iPhone maker with a ‘buy’ rating and a Street-high $240 per share price target.

• Carnival (NYSE: CCL) stock rose 3.3% after Jefferies upgraded its stance on the cruise operator to ‘buy’ from ‘hold’, saying it is on course to become a long-term investment.

• Bausch + Lomb (NYSE: BLCO) stock fell 2.2% after the WSJ reported the eye health products company will pay $1.75 billion to acquire a dry-eye drug from Swiss pharmaceutical giant Novartis (NYSE: NVS).

• Alibaba (NYSE: BABA) ADRs fell 0.4% after the Chinese e-commerce giant’s grocery unit Freshippo expanded its number of physical stores in China, as it prepares to spin off from its parent company.

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