Check out the companies that are trending in pre-market trading. Technology stocks — A group under pressure in Monday’s trading rallied before the bell to try to regain lost ground. In premarket trading Tuesday, Nvidia and Palantir rose more than 1%, while AppLovin rose 0.7%. These three names were among the best performing companies of 2024. KB Home — Shares of the homebuilder rose more than 9% after better-than-expected fourth-quarter results. KB Home reported earnings of $2.52 per share on revenue of $2 billion. Analysts surveyed by LSEG expected earnings of $2.45 per share on revenue of $1.99 billion. According to the company, the number of home deliveries increased by 17% compared to the previous year. Signet Jewelers — Kay Jewelers and Zales’ parent company fell 16% after lowering its fourth-quarter outlook. Signet said sales were weak during the holiday season as consumers gravitated towards lower price points. Teladoc Health — The virtual healthcare company’s stock jumped 4% in premarket trading after the company announced a partnership with Amazon. Teladoc said its diabetes, hypertension and weight management programs will be available on e-commerce platforms. H&E Equipment Services — Shares soared more than 100% after United Rentals announced it would acquire the rental equipment company. United Airlines, whose stock price soared 2% before the bell, will pay $92 in cash for each H&E share. This values H&E at approximately $4.8 billion. Applied Digital — The digital infrastructure stock rose 19.3% on news that Macquarie will invest up to $5 billion in Applied Digital’s artificial intelligence data centres. The deal will see Macquarie acquire a 15% stake in Applied Digital’s high-performance computing business. Maplebear — Instacart parent company stock rose nearly 2% after receiving an upgrade from Neutral to Buy on BTIG. The company cited accelerated order growth as a catalyst for growth. Additionally, Mizuho initiated coverage of the company’s stock with an outperform rating, saying the company’s position in grocery delivery is “undervalued.” Hexi — U.S.-listed shares of Chinese automaker suppliers rose 6.4% after Goldman Sachs upgraded them to buy from neutral. Analyst Tina Hou said the market appears to be underestimating Hesai’s operating leverage from the new product cycle, adding that the stock is currently trading at “attractive” levels. Celanese — The chemical manufacturer and supplier soared 2.7% after an unusual double upgrade from Bank of America, which saw it buy from an underperformer. The bank said Celanese’s valuation was attractive and demand should recover across most products. — CNBC’s Yun Li, Jesse Pound, Lisa Han, Sean Conlon, Michelle Fox and Sarah Ming contributed reporting
