Check out the companies making the biggest moves premarket: Brazilian stocks — The group rallied after right-wing presidential candidate Flavio Bolsonaro edged out incumbent Luiz Inacio Lula Da Silva by around 2 percentage points in an election held Sunday. The iShares MSCI Brazil ETF (EWZ) surged 12%. U.S.-listed shares of Itau Unibanco and Banco Bradesco soared more than 13% each. PTC — The software name surged 36% after the company agreed to being acquired by Schneider Electric for $205 per share, valuing the company’s equity at more than $22 billion. The transaction is expected to close by the third quarter of 2027. Wells Fargo — Shares gained 1% after a Morgan Stanley upgrade to overweight from equal weight . “Normalizing balance sheet growth should ease funding pressure, stabilize [net interest margin], and raises our conviction in the path to higher returns,” analyst Manan Gosalia said in a note. DraftKings — Shares for the digital sports entertainment and gaming company popped over 5% after a Bank of America upgrade to buy from neutral. Bank of America’s Julie Hoover said the company’s prediction markets are a “win-win”, expecting prediction markets can generate $400 million in fees for 2027 and between $200 to $400 million in market making. Estee Lauder — The beauty stock moved 2.8% higher on the back of an upgrade at Barclays to overweight from equal weight. The bank said it is bullish on Estee Lauder ‘s growth and earnings profile over the next several years. Harley-Davidson —The motorcycle builder rose 5.7% after an an upgrade to buy from neutral from Citi. Going from a “modest” retail improvement earlier this year, Citi believes the motorcycle company will benefit from a major product introduction, cost savings and potential earnings tailwinds from LiveWire. — CNBC’s Michelle Fox, Ananya Chetia and Paulina Likos contributed reporting.
