Check out the companies that make headlines before the bell. Newmont – Gold miners stocks drop by 2% with the price of precious metals falling. Spot Gold, considered a safe haven, fell 1.5% after President Donald Trump delayed tariffs on the European Union. TESLA – CEO Elon Musk in X’s Saturday post paid more attention to his company, writing, “I have to be very focused on Xai and Tesla (Plus Starship Launch),” shares in the electric car maker rose more than 2%. Musk has been criticized for being too focused on his work with the Trump administration. According to new data from the European Automakers Association, Tesla has been particularly struggling due to mask political activities, with sales in Europe in April falling 49% year-on-year. CoreWeave – Even after the stock won its first Wall Street downgrade since the post-IPO rally, the stock has risen by more than 4%. Barclays downgraded CoreWeave on Monday to equal weight from overweight, saying its stock is optimistic in the long term, but its short-term benefits are limited. Informatica, Salesforce – Informatica shares rose 6.5% on news that Cloud Data Management Company has been acquired by Salesforce. The deal is valued at $8 billion and is expected to increase Salesforce’s AI components. Last year, transactions between the two companies collapsed. PDD Holdings – US-registered stocks of US online retailers have fallen over 20% after the company announced its disappointing first quarter earnings results amid growing trade tensions between the US and China. Temu’s parent company recorded revenue of 95.67 billion yuan ($132.8 billion), with a factset consensus estimate of 103.13 billion yuan ($143.2 billion). Shares in Trump Media & Technology Group – Truth Social Parent Company rose about 9% after Financial Times reported it plans to raise $2 billion in fresh stock and $1 billion through convertible bonds to spend on cryptocurrency. Soundhound AI – Piper Sandler has begun compensation for AI stocks in overweight ratings, leading a 4.3% higher lead in early morning trading. The company highlighted that Soundhound has highlighted several areas where Soundhound can expand its growth runway, including further integration of conversational AI technology into AUTO. Champion Homes – The stock of a company that produces factory-built homes in North America slipped 1.5% against the backdrop of inactive fourth quarter financial results. The Champion posted an adjusted earnings of 65 cents per share on revenue of $593.9 million, while the analysts voted by FactSet sought a profit of 76 cents per share excluding items on revenue of $595.4 million. The Champion has also announced an agreement to acquire Iseman Homes, which sells homes and modular homes manufactured in the Midwest. – CNBC’s Salamine, Jesse Pound and Michelle Fox contributed the report.
