Stocks making the biggest moves premarket: Exxon, Spotify, Boeing, McDonald's, TSMC and more

Check out the companies making headlines in premarket trading. Spotify — The music platform rose more than 2% after Wells Fargo named Spotify a top stock pick . Analyst Steven Cahall is particularly bullish on the company's rising margins, strong product mix and evolving record label relationships. The bank currently has an outperform rating on the stock. Robinhood — The stock added 2%.

These locations will serve the burger without slivered onions, which are believed to be the source of the outbreak, for the foreseeable future. McDonald's shares dropped more than 7.5% last week, marking its worst weekly performance since 2020. Taiwan Semiconductor Manufacturing — Shares of the chip manufacturer shed 2% after TSMC suspended shipments to a China-based chip designer after a chip it made was found on a Huawei AI processor, people familiar with the matter told Reuters. The U.S.

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