Check out the companies that made headlines before the bell: Tesla — The electric car stock jumped 7% and looked poised to extend last week’s 29% gain. Elon Musk’s company has seen its stock price rise following Donald Trump’s presidential victory, with its market capitalization dropping by 1 on Friday as investors bet it will benefit under the new administration. surpassed the trillion dollar mark. Cryptocurrency Stocks — Cryptocurrency stocks rallied, sending Bitcoin to a new all-time high above $82,000 as Wall Street continued to predict that the Trump administration would be more favorable to the crypto industry. Coinbase soared 15% and MicroStrategy rose 11%. Robinhood rose about 7%. Cigna — The health insurance giant soared 8% after announcing it would not move forward with its merger with Humana. Cigna also reiterated its guidance for fiscal years 2024 and 2025. Humana stock fell 8%. RadNet — The radiology company’s stock soared 15% after third-quarter earnings and revenue beat expectations. RadNet also announced a “strategic partnership” with GE HealthCare. Cisco — Shares rose 1.6% after JPMorgan was upgraded from neutral to overweight. The bank expects Cisco’s earnings revisions will likely return to positive due to the recovery cycle in enterprise networking demand. Trump Media & Technology — President Trump’s social media stocks rose 8% as investors continued to pour money into stocks tied to the president-elect. Valley National Bank — Shares of this New Jersey-based regional bank rose about 3% on low volume following an upgrade from neutral to overweight by JPMorgan. The investment firm said Valley National is working to reduce its exposure to commercial real estate. Valley National announced last week that it would sell additional shares with JPMorgan as its sole bookkeeper. CBOE Global Markets — Shares rose 1.3% after Deutsche Bank upgraded the stock from hold to buy, saying the exchange operator should maintain strong revenue growth through at least 2025. The post-election market volatility should drive “increased use of index and volatility options and futures products” in the medium term, the company said. —CNBC’s Michelle Fox, Jesse Pound and Pia Singh contributed reporting. Correction: Valley National is based in New Jersey. Previous versions listed the state incorrectly.
