Check out the businesses making headlines earlier than the bell. Quantum shares — Quantum shares tumbled on Monday morning, following feedback from Mark Zuckerberg echoing Nvidia CEO Jensen Huang that quantum is at the least a decade away from being a “helpful paradigm.” Zuckerberg made the feedback on a Friday episode of the “Joe Rogan Experience.” Shares of Rigetti Computing fell 25% and D-Wave Quantum tumbled round 16%, adopted by an 8% decline in IonQ and a 9% slide in Quantum Computing . Managed care shares — Managed care shares rose after the U.S. authorities proposed on Friday a mean whole improve of 4.3% to its 2026 reimbursement charges for Medicare Advantage plans. Shares of Humana rose virtually 6%, whereas UnitedHealth and CVS Health every added 3%. Boot Barn — The boot retailer popped about 4% after Boot Barn guided for third-quarter earnings per share of round $2.43 on Friday afternoon, larger than the $2.05 analysts polled by FactSet had earlier anticipated. The firm’s anticipated income of $608.2 million additionally got here above the prior consensus of $593.4 million. Pinterest — Shares of the visible sharing platform slid 3% within the wake of Jefferies’ downgrade to carry. Jefferies additionally referred to as the corporate’s development “underwhelming” and lowered its forecasts for income and EBITDA within the 2025 fiscal yr. Crypto shares — Stocks tied to the worth of bitcoin had been decrease because the cryptocurrency slid to about $90,000. Coinbase and MicroStrategy fell 4% every, in premarket buying and selling. The bitcoin miner Mara Holdings misplaced 4% and Core Scientific retreated by 3%. Lululemon — Shares of the attire firm rose greater than 3% after a vacation gross sales replace confirmed sturdy demand . Lululemon raised its steerage for gross sales and earnings per share for the fourth quarter. The firm additionally stated it expects gross margin to broaden yr over yr, whereas earlier steerage referred to as for the margin to slim. Macy’s — Shares fell 2% after Macy’s issued a lackluster replace to its fourth-quarter steerage . Revenue is predicted to return in barely beneath or on the decrease finish of earlier steerage of $7.8 billion to $8.0 billion. Comparable gross sales are anticipated to be roughly flat quarter to this point, in contrast with the consensus estimate of a 0.4% rise, in response to FactSet. Abercrombie & Fitch — Shares of the clothes retailer plunged 11% in premarket buying and selling even after Abercrombie raised its outlook for the fourth quarter on sturdy vacation gross sales expectations. The firm now expects fourth-quarter web gross sales to develop between 7% and eight%, in contrast with earlier steerage of 5% to 7% development. Those vacation expectations are nonetheless decrease than the year-ago interval, nevertheless, suggesting a slowdown in development. Howard Hughes Holdings — Shares of the actual property developer jumped 9% after Bill Ackman’s Pershing Square proposed a deal to kind a brand new entity to merge with the actual property firm, providing present holders $85 a share. Megacap tech shares — Megacap tech shares tumbled on Monday morning as U.S. Treasury yields rose, including upon their losses from final week. Nvidia , Tesla and Palantir Technologies every misplaced round 3%, whereas Broadcom and Micron Technology shed roughly 2%. Moderna — The biotech agency plunged 20% after reducing its 2025 gross sales steerage by about $1 billion, citing potential headwinds in 2025. Moderna now expects this yr’s income to fall between $1.5 billion and $2.5 billion, with the bulk coming within the second half of the yr. Intra-Cellular Therapies — The inventory soared almost 34% after Johnson & Johnson introduced it’ll take over the neurological therapy firm for $132 per share. That values Intra-Cellular Therapies at $14.6 billion. Shares of Johnson & Johnson had been flat. — CNBC’s Michelle Fox, Alex Harring, Yun Li, Tanaya Macheel, Sarah Min, Jesse Pound and Pia Singh contributed reporting.
Stocks making the largest strikes premarket: Abercrombie & Fitch, Pinterest, Howard Hughes Holding and extra
