Check out some of the companies making headlines before the stock market’s opening bell. Ferrari — Shares of the Italian luxury automaker fell 3% after Ferrari launched its first fully electric car, the Luce, at a venue in Rome. Lear Corp. — Shares rose 2%. TD Cowen upgraded Lear to hold buy, saying the auto parts supplier is “well positioned” for North American auto production and that the investment bank expects a better-than-expected performance. Semiconductors — Chip stocks rose premarket on expectations that the Iran war will end soon. Micron Technology’s stock rose more than 6%, while Qualcomm and Advanced Micro Devices each rose more than 3%. Oil stocks — Energy companies fell, with Exxon Mobil and Chevron falling 1%. Space stocks — Space stocks rose, with Intuitive Machines up 10% and AST SpaceMobile up 6%. Cantor Fitzgerald is bullish on the group, citing the U.S. Space Force’s $90 million contract to Rocket Lab for two geospatial satellites and Intuitive Machines, reaffirming its guidance for the fiscal year, and saying it expects a contract decision on the lunar topography probe later this week. —CNBC’s Nicholas Wells contributed reporting
