Check out the companies making headlines before the bell. Gap — Clothing retailer shares rose 4.7% after JPMorgan upgraded the stock to overweight. The company cited a strong start to the holiday season and multi-year growth prospects. Stellantis – Shares fell 9% after CEO Carlos Tavares resigned from his role at the automaker with immediate effect. The company cited “differences of opinion” between Tavares and the board of directors as the reason for his resignation. Tesla — The electric car maker’s stock rose 2.2% after Tesla’s vice president of AI software tweeted on Saturday night that version 13 of Tesla’s “fully self-driving” driver-assistance software had begun rolling out to some customers. did. Intel — The semiconductor manufacturing stock rose 6% after CEO Pat Gelsinger announced he was stepping down. The company has named David Zinsner and Michelle Johnston Holthaus interim co-CEOs. Steel producer — Goldman Sachs analyst Mike Harris initiates coverage on the company, saying both cyclical and structural factors, including President-elect Donald Trump’s trade policies, will drive earnings growth. That’s a possibility, Goldman Sachs analyst Mike Harris said, sending Cleveland Cliffs stock up more than 1%. US steel industry. Goldman also began buying Commercial Metals Company, but the company’s stock was flat premarket. HASBRO — The toy and game company’s stock rose 1.7% as investors watched sales results before and after Black Friday. In a note to clients, Stifel said Hasbro’s performance has been “mixed,” but board games do appear to be a popular category. — CNBC’s Samantha Soobin, Jesse Pound, Ha-Kyung Kim and Sara Min contributed reporting.
