Check out the companies making headlines before the bell. Apple — Shares fell nearly 2% after Jefferies downgraded the iPhone maker’s rating from hold to underperform. Analyst Edison Lee called the company’s AI outlook “subdued” and predicted that when Apple reports earnings later this month, it will fall short of its 5% forecast for revenue growth in the fiscal first quarter. I’m predicting it. Qorvo — The chipmaker rose 2% on the back of Morgan Stanley’s upgrade from equal weight to overweight. The bank believes Qorvo can see a “new path to profitability recovery” with activist investor Starboard Value’s stake in the company. 3M — Industrial shares rose 4% after the industrial giant reported better-than-expected fourth-quarter profits, driven by higher sales of industrial adhesives, tapes and electronics. 3M reported adjusted earnings per share of $1.68, beating analysts’ average estimate of $1.66 per LSEG. DR Horton — Shares of the homebuilder rose 4.5% after the company reported strong fiscal fourth quarter results. DR Horton reported earnings of $2.61 per share on revenue of $7.61 billion, which was higher than analysts surveyed by LSEG had expected for earnings of $2.36 and revenue of $7.08 billion. exceeded. VISTRA — Power stocks rose 4.6% after firefighters confirmed Monday that a fire that started burning Thursday was extinguished. The fire led to road closures and mandatory evacuations last week. Moderna — Shares rose 3.9% after Moderna received $590 million in funding from the U.S. Department of Health and Human Services to accelerate development of its avian influenza vaccine. The number of bird flu cases has been increasing across the United States in recent months. Chinese electric vehicle stocks — Shares of Chinese electric vehicle companies rose after President Trump delayed imposing tariffs instead of immediately imposing them during his term in office. Shares of XPeng and Li Auto rose 6% and 5.4%, respectively. Walgreens Boots Alliance — The pharmacy retailer fell 5.8% after the U.S. Department of Justice filed a lawsuit against Walgreens Boots Alliance on Friday. The department accused Walgreens of worsening the nation’s opioid epidemic by filling illegal prescriptions for opioids and other highly addictive painkillers. General Motors — The auto stock rose 1.2% after Deutsche Bank upgraded the stock from hold to buy. The bank said the potential downside for GM under the second Trump administration was factored into the stock price, leaving room for “positive surprises.” Deutsche Bank said GM is also likely to announce further share buybacks once current approvals are completed. Ulta — Shares rose 2.4% after Morgan Stanley upgraded the beauty retailer to overweight and raised its price target to $500, suggesting 23% upside potential. The Wall Street firm said it expects Ulta to continue to grow and gain market share in the expanding beauty industry. Trump Media & Technology Group — Truth Social’s parent company fell 6.7% the day after Donald Trump was officially sworn in as the 47th President of the United States — after JMP initiated coverage with an Outperform rating. The stock rose 2.3%. The company believes Roku’s position as “America’s top streaming platform” is sustainable and that Roku stands to benefit from a surge in ad spending in the connected TV market. —CNBC’s Michelle Fox, Ha-Kyung Kim, Yun Lee, Sarah Min and Jesse Pound contributed reporting.
