Wallstreetbets Stocks Are Mostly Up Before the Market Opens; Alibaba Group Holdings Is Set to Rise While Boeing Is Set to Fall

Prior to Tuesday's opening bell, the most-discussed equities in the Reddit subforum Wallstreetbets were largely up.

After surging 5.9% in the previous session, Tesla TSLA increased 0.9% in premarket trading. According to Reuters, who cited a business sales representative, Singapore customers of the company may be eligible for discounts on purchased electric vehicles if they acquire Tesla's current Model 3 or Model Y inventory.

Following a 3.2% rise on Monday, Alibaba Group Holdings BABA rose 1.4% premarket as co-founder Jack Ma gave up ownership of Ant Group as the Chinese fintech company improved its corporate governance.

After rising 0.4% on Monday, Apple AAPL was slightly higher in premarket trading. According to Bloomberg, which cited unnamed people familiar with the situation, the technology giant intends to switch from Broadcom chips used in its gadgets to parts created in-house in 2025.

Nvidia NVDA, one of the stocks under consideration, moved up 0.4% ahead of the market, adding to a 5.2% rise on Monday, while Advanced Micro Devices AMD dipped 0.2% ahead of the market, following a 5.1% rise on Monday. Before the market opened, Lululemon Athletica LULU was up 0.2% after dropping 9.3% the previous session.

In contrast to the general trend, Netflix NFLX was down 0.8% before the market opened, while Boeing BA plummeted 2.9% before the opening bell, on top of a 2.1% decline on Monday.