Before the bell, see which firms are in the news.
Apple:
Following Reuters’ story that the tech giant is aggressively discounting its iPhones in China, Apple’s stock fell by less than 1%.
The shares of Micron Technology had a 2.3% increase following Morgan Stanley’s upgrade of the semiconductor business from underweight to equal weight.
Nvidia — The chipmaker’s shares increased 1.4% as it got ready for this week’s highly anticipated quarterly release. A few companies, like Barclays and Stifel, increased their price targets for Nvidia.
Li Auto:
American shares of the Chinese manufacturer of electric vehicles fell 4.3%. Li gave softer-than-expected first-quarter earnings guidance and cautious estimates for current-quarter revenue.
AMC Entertainment and GameStop:
Following a wild run last week amid a return of the meme-stock trade, shares of GameStop and AMC Entertainment varied during premarket trading.
Johnson Controls:
Following news from Bloomberg News that Elliott Management had amassed a $1 billion+ investment in the security and safety sector, shares of the company increased by 5%. The stock has increased by 19% so far this year.
Source (CNBC)
