Explore the companies grabbing attention in premarket trading:
1. Coinbase: The cryptocurrency exchange slipped almost 4% after a JPMorgan downgrade, citing a potentially challenging 2024 amid fading enthusiasm for spot Bitcoin ETFs.
2. General Electric: Shares dipped nearly 7% premarket due to weaker-than-expected guidance for Q1, with earnings per share projected between 60 and 65 cents, below estimates.
3. Sunnova, Enphase Energy: Both solar companies rose in premarket trading following a Truist upgrade to buy from hold, anticipating a boost from Federal Reserve rate cuts.
4. 3M: Disappointing full-year and Q1 guidance led to a premarket decline of over 5%, with earnings per share projected between $9.35 and $9.75, below estimates.
5. Zuora: The software company gained 2.5% post an upgrade to buy from Goldman Sachs, citing attractive valuation levels.
6. Teva Pharmaceutical Industries: The pharma stock rose 1.7% after a Jefferies upgrade to buy, emphasizing strong guidance, robust fundamentals, and positive product updates.
7. D.R. Horton: Shares slipped over 5% as Q1 earnings per share missed estimates, earning $2.82 versus an expected $2.88.
8. Halliburton: The oil company added more than 2% after surpassing analyst estimates with Q4 earnings of 86 cents per share.
9. Logitech: Shares fell 7% post third-quarter results showing a year-over-year sales decline, despite a raised full-year revenue guidance.
10. United Airlines: The airline stock rose over 6% following quarterly results beating expectations, despite anticipating a first-quarter loss due to Boeing 737 Max 9 groundings.
Source (CNBC)
