Check out the companies that made headlines before the opening bell: Applied Digital — Shares soared 30% after the data center construction company reported an 84% year-over-year increase in fiscal first-quarter revenue. Stellantis — The French-Italian-American automaker reported a 13% increase in third-quarter shipments, sending its shares up 1.3% in premarket trading. The surge in shipments was driven by new models and demand in North America, and signaled a recovery after several quarters of declining sales. Synchrony Financial — The financial services stock rose 1% after HSBC upgraded the stock to buy from hold. HSBC calls the stock its preferred choice in the consumer finance space. Alibaba — Shares of Chinese e-commerce giant Alibaba fell nearly 2% in a widespread sell-off in China overnight. The stock price has traded negative for six consecutive sessions. Doximity — Shares of the medical digital platform fell nearly 5% after JPMorgan downgraded the stock from neutral to underweight. The Wall Street company cited valuation concerns, the competitive environment and the risks of advertising spending on digital pharma. Mosaic — Chemical stocks fell more than 9% after the company reported disappointing preliminary third-quarter results. Mosaic said an unexpected mechanical problem at its Riverview sulfuric acid plant in mid-September caused a power outage at the facility in Bartow, significantly reducing production for the rest of the month. Levi Strauss — The denim apparel maker fell more than 7% after it announced a weaker-than-expected earnings outlook for the fourth quarter. Levi Strauss expects fourth-quarter earnings to be in the range of 36 cents to 38 cents per share. Analysts surveyed by FactSet had expected 41 cents per share. —CNBC’s Fred Imbert, Alex Harring and Sarah Min contributed reporting.
