Check out the companies that make headlines before the bell. Norwegian Cruise Line – Cruise Operator’s stock rose 4% behind the upgrade from JPMorgan to overweight from neutral. The company says its management shows no change in booking curves and cancellation rates or cracking levels in onboard spending levels. INCYTE – Drug stock has dropped by more than 14% after release of Phase 3 trial data for skin condition treatment. Incyte said the drug’s trials met key endpoints. However, the drug was effective in less than half of participants who took it in the trial. Netflix – Streaming Giant has risen 1.5% behind the Moffettnathanson upgrade to buy from Neutral. The company said Netflix could monetize more than previously expected. Affirmation – Buy Now, later stocks fell 13% after CNBC reported that rival Klarna would become the exclusive provider of such loans for Walmart. This took away from the coveted partnership from AFFIRM, and its Chief Revenue Officer Wayne Pommen mentioned Walmart’s partnership with Amazon and Target’s “Crown Jewel Partnerships.” NVIDIA – NVIDIA shares rose 1.5% as investors acquired shares in the Chip Making Giant. Sprouts Farmers Market – Food retailer bought it from Hold, adding 1% behind the upgrade at Deutsche Bank. The bank said the recent 23% pullback of the stock provided a good entry point. We believe that the sales momentum in the same Sprouts store is sustainable and we see opportunities for greater margins. Berkshire Hathaway – Warren Buffett’s Berkshire Hathaway fell just 0.1% after raising shares in Japanese traders Ito, Ido, Maruta and Mitsui, according to regulatory filings. – CNBC’s Jesse Pound, Lisa Han, Michelle Theobald and Alex Harring contributed the report.
