The top pre-market NASDAQ Stock Market gainers are: Pinnacle Financial Partners, ARM Holdings, Randgold Resources, Infosys, Research In Motion, Amazon.com, Google, and Apple. The top pre-market NASDAQ Stock Market losers are: Cavium, Sears Holdings, Windstream, and Cisco Systems.
Pinnacle Financial Partners Inc. (PNFP) stock grew 6.76 percent to $17.68 in pre-market trading.
ARM Holdings plc (ARMH) stock gained 2.73 percent to $27.85 in pre-market trading.
Randgold Resources Ltd. (GOLD) stock increased 1.54 percent to $103.96 in pre-market trading.
Infosys Ltd. (INFY) stock gained 1.27 percent to $52 in pre-market trading.
Research In Motion Ltd. (RIMM) stock increased 0.81 percent to $14.99 in pre-market trading.
Amazon.com Inc. (AMZN) stock moved up 0.36 percent to $176.90 in pre-market trading.
Google Inc. (GOOG) stock moved up 0.34 percent to $642.45 in pre-market trading.
Apple Inc. (AAPL) stock moved up 0.33 percent to $407.86 in pre-market trading. Brokerage firm Sterne Agee believes that Apple will enter the TV market and that Apple should continue to offer its Apple TV set-top box while also selling a full-blown set, according to the Barron's. The brokerage advised that Apple should not try and offer traditional cable carriage, but instead pursue a more disruptive streaming video model based on Internet transmission of programming.
Cavium, Inc. (CAVM) stock slid 6.60 percent to $26.60 in pre-market trading. The company said it lowered its fourth quarter revenue to range of $56 million to $57 million from previous forecast of $60.9 million to $62.3 million, while Street analysts predict $61.62 million. The company said revenue has been weaker than expected across both the enterprise and service provider as well as the broadband and consumer market segments, and further exasperated by a larger than expected impact of a hub transition at one of its major customers. The company said it has under-shipped to customer end demand in the fourth quarter. Gross margins for the fourth quarter are expected to be about one percentage point lower than the company's previous guidance, due to the lower sales volume.
Sears Holdings Corp. (SHLD) stock declined 4.13 percent to $32 in pre-market trading.
Windstream Corp. (WIN) stock moved down 0.92 percent to $11.81 in pre-market trading.
Cisco Systems, Inc. (CSCO) stock moved down 0.11 percent to $18.56 in pre-market trading.