Check out the companies making headlines before the bell. Nvidia — Nvidia rose nearly 1% after Reuters reported, citing sources, that the company had received permission from the Chinese government to sell its H200 chips in China. The company is also reportedly preparing to make a version of its Groq AI chip available in China. Micron Technology — Shares of the memory and storage solutions company rose 2.1% ahead of its expected fiscal second-quarter earnings report after the bell Wednesday. Macy’s — The retailer soared 8% after better-than-expected fourth-quarter results. Macy’s earned $1.67 per share, excluding sales of $7.64 billion. Analyst estimates compiled by LSEG were for earnings of $1.53 per share and revenue of $7.62 billion. BLOCK — The payments technology company’s stock rose more than 2% following two stock price hikes. Rothschild & Co. Redburn changed its rating from sell to hold for the first time in five years, and the trust raised its rating on the stock from hold to buy. Both companies said Block’s low price-to-earnings ratio was one of the reasons for their respective upgrades. CF Industries — CF Industries fell nearly 4% after Mizuho downgraded the stock from neutral to underperform, even though the investment firm slightly raised its price target from $95 to $100. Constellation Brands — Shares rose 2.5% after Citi upgraded the stock to Buy from Neutral. Citi said the alcohol maker’s valuations are historically low, but sales trends are improving. Lululemon — The sports apparel retailer’s stock beat TheStreet’s fiscal fourth-quarter forecast, but shares fell about 1% after the company reported lower-than-expected full-year 2026 sales and profit estimates. Lululemon said it expects revenue to be between $11.35 billion and $11.5 billion, lower than the $11.52 billion expected, according to LSEG. The outlook for earnings of $12.10 to $12.30 per share was also below the consensus estimate of $12.58. Knight Swift Transportation — The truckload provider’s transportation stock soared 3% after UBS upgraded it to buy from neutral. The bank cited a growing awareness within the industry of reduced supply and the resulting strengthening of truckload prices. SL Green Realty — Manhattan’s largest commercial office landlord rose 2.7% after Deutsche Bank Research upgraded the stock from hold to buy. Analyst Peter Abramowitz said in a note titled “Don’t Sleep in a City That Never Will” that he expects strong execution of asset sales and refinancing to be a positive catalyst for the stock. The stock is down more than 42% from its recent high. Docusign — Software shares rose 2.1% in after-hours trading. DocuSign beat expectations for the fourth quarter and provided strong guidance for the first quarter and fiscal year. The company expects first-quarter revenue to be between $822 million and $826 million, compared with the $813 million expected by analysts compiled by LSEG. — CNBC’s Fred Imbert, Pia Singh, Alex Harring, Davis Giangiulio, Lisa Kailai Han and Sarah Ming contributed reporting.
