(1/23) Monday's Pre-Market Stock Movers & News Good Morning StonkForums! Happy Monday! STOCK FUTURES NOW: LAST WEEK'S MARKET HEAT MAP: LAST WEEK'S S&P SECTORS: TODAY'S ECONOMIC CALENDAR: THIS WEEK'S ECONOMIC CALENDAR: THIS WEEK'S IPO'S: MOST ACTIVE TRENDING DISCUSSIONS (STOCK SYMBOLS ARE CLICKABLE!): COSM XRP.X SHOP RBA SPOT BKR IDCC PLRX AQUA JAGX THIS WEEK'S EARNINGS CALENDAR: ($TSLA $MSFT $BA $VZ $JNJ $LMT $HAL $GE $BKR $T $AAL $PGR $RTX $ASML $INTC $CVX $SYF $MMM $BOH $LUV $NOK $UNP $V $BMRC $VLO $NOW $DHR $DHI $LOGI $MA $IBM $AXP $ISRG $TRV $ABT $NDAQ $FCX $TXN $BX $LRCX $NEE $MNSB $HES $USB $ADP) THIS MORNING'S PRE-MARKET EARNINGS RELEASES: ($BKR $SYF $BOH $BMRC $MNSB) BEFORE TODAY'S MARKET OPEN: AFTER TODAY'S MARKET CLOSE: FRIDAY'S ANALYST UPGRADES/DOWNGRADES: FRIDAY'S INSIDER TRADING FILINGS: TODAY'S DIVIDEND CALENDAR: THIS MORNING'S PRE-MARKET STOCK NEWS MOVERS: source: cnbc.com Advanced Micro Devices — The semiconductor maker rallied nearly 3% after being upgraded by Barclays to overweight from equal weight, which said it sees potential upside from direct-current and generative artificial intelligence. The firm also upgraded Qualcomm and Seagate Technology to overweight from equal weight. Qualcomm and Seagate both gained more than 2%. Wayfair — The online retailer jumped more than 12% after being double upgraded to overweight from underweight by JPMorgan. The Wall Street firm cited improving market share trends and a better grasp on spending from management. Salesforce — Salesforce shares gained more than 5% premarket on news that activist investor Elliott Management has reportedly taken a multibillion-dollar stake in the cloud-based software giant. Shopify — The e-commerce company rose nearly 5% after being upgraded to buy from hold by Deutsche Bank, which said brands are growing increasingly interested in Shopify. Abbott Laboratories — Abbott Labs lost 2.5% following a Wall Street Journal report Friday that the Justice Department is investigating conduct at its infant-formula plant in Sturgis, Michigan. CrowdStrike — The cybersecurity company shed nearly 2% after being downgraded to hold by Deutsche Bank, which cited intensifying competition. PayPal — Shares of the payment company dipped more than 1% in premarket trading after the Wall Street Journal reported that large banks are teaming up to create their own digital wallet. The wallet would be a competitor to PayPal and Apple Pay. Western Digital — The data storage company rose 4% after a report from Bloomberg late Friday that merger talks between Western Digital and Kioxia holdings are progressing. Warner Music Group — The music entertainment company dropped 2.45% after being downgraded by Barclays to equal weight. Warner Music’s financial performance has been too volatile to justify a premium valuation, its analysts said. Tapestry — The Coach and Kate Spade parent slid 1.85% after being downgraded to equal weight from overweight by Barclays. The Wall Street firm’s reasons included inflation creeping to higher household income brackets. Skechers — Cowen upgraded Skechers to outperform from market perform, saying it remains the No. 2 casual sneaker brand in the U.S. and is gaining preference in its survey. Consensus sales and EPS estimates are too conservative, the firm said. Skechers gained nearly 2% in the premarket. Zoom Video Communications — Shares of Zoom slipped 0.72% after MKM Partners downgraded the company to neutral from buy, citing slowing growth. Have a happy trading day to everyone in here on this Monday!
