Top Pre-Market Stock News for Investors
Apple
Apple shares slipped nearly 2% after Jefferies downgraded the iPhone maker to an underperform rating. Analysts are concerned about Apple’s AI outlook and its fiscal first-quarter revenue growth forecast.
Qorvo
Chipmaker Qorvo saw a 2% increase following an upgrade from Morgan Stanley. The bank believes Qorvo is on track for an earnings recovery path.
3M
Industrial giant 3M jumped 4% after reporting fourth-quarter earnings that exceeded expectations. Higher sales of industrial products contributed to the strong performance.
D.R. Horton
Homebuilder D.R. Horton’s stock rose 4.5% after beating fiscal fourth-quarter expectations. Earnings per share and revenue surpassed analyst estimates.
Vistra
Electricity generation company Vistra saw a 4.6% increase after firefighters confirmed that a recent fire was extinguished. The fire had caused disruptions last week.
Moderna
Moderna’s shares rose 3.9% after receiving funding to accelerate the development of a bird flu vaccine. The increase in bird influenza cases in the U.S. prompted the move.
General Motors
Auto giant General Motors rose 1.2% after an upgrade from Deutsche Bank. The bank cited positive potential for GM under a second Trump administration and hinted at future stock buybacks.
Ulta
Beauty retailer Ulta saw a 2.4% increase following an upgrade from Morgan Stanley. The firm believes Ulta will continue to grow and gain market share.
Roku
Roku shares gained 2.3% after JMP initiated coverage with an outperform rating. The firm highlighted Roku’s position as a top streaming platform in the U.S. and potential benefits from increased advertising spending in the connected TV market.
Stay tuned for more updates on the stock market.