Check out the companies making headlines before the bell: J.B. Hunt Transport Services — Shares fell more than 7% after the company’s fourth-quarter earnings came in weaker than expected. J.B. Hunt earned $1.53 per share, below the LSEG consensus estimate of $1.61 per share. Meanwhile, revenue for the period came in line with expectations at $3.15 billion. Qorvo — The stock rose more than 7% after The Wall Street Journal, citing people familiar with the matter, reported that activist investor Starboard Value has built a 7.7% stake in the company and is looking to make changes to boost the company’s share price. MoonLake Immunotherapeutics — The biotech stock jumped more than 4% after receiving an upgrade to buy from neutral at Goldman Sachs. The firm cited the anticipation of positive phase 3 trial data for its treatment of a chronic skin condition known as hidradenitis suppurativa. Fastenal — Shares dropped more than 4% after the company’s fourth-quarter earnings and revenue missed Wall Street’s expectations. Fastenal earned 46 cents per share on revenue of $1.82 billion, while analysts polled by FactSet were expecting 48 cents per share on $1.84 billion in revenue. Life360 — The location-sharing app’s stock moved more than 3% higher after UBS upgraded it to buy from neutral , citing more confidence in the company’s midterm ad revenue opportunity as a catalyst. Rivian Automotive — The electric vehicle maker’s stock rose 2.6% after the company finalized a loan agreement with the Department of Energy for up to $6.6 billion to help build a new manufacturing site in Georgia. Construction is set to begin in 2026 with the production of customer vehicles expected to happen in 2028, according to the Thursday press release. Apple — The iPhone maker gained nearly 1%, clawing back some of the losses seen in the previous session. On Thursday, Apple shares fell around 4%, experiencing its worst day since August, on the backs of reports of lackluster iPhone sales in China . Lam Research , Applied Materials — The semiconductor equipment stocks rose about 2% after KeyBanc Capital Markets upgraded both to overweight from sector weight. The investment firm said Lam Research and Applied Materials have exposure to artificial intelligence-related devices that should help push their shares higher. Salesforce — The stock advanced 2% after a TD Cowen upgraded shares to buy from hold. The firm said its recent pullback has created a “compelling entry point” for investors. Cloudflare — Shares popped 3.5% on the heels of Citi’s upgrade to buy. Citi said it has improved confidence on the cloud stock’s fundamentals and growth potential. — CNBC’s Alex Harring, Jesse Pound, Sarah Min and Pia Singh contributed reporting.
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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