Several stocks are making waves in premarket trading, with notable gains and losses across various sectors.
KB Home is really shining, with shares jumping more than 9% after they reported earnings that beat expectations. They made $2.52 per share on $2 billion in revenue, which is pretty impressive.
On the flip side, Signet Jewelers, the parent company of Kay Jewelers, took a hit, dropping 16% after they lowered their sales forecast. It seems holiday sales weren’t as strong as they hoped.
Teladoc Health is having a good day, with a 4% rise after announcing a partnership with Amazon. They’re bringing their health programs to Amazon’s platform, which could be a game changer.
H & E Equipment Services is soaring over 100% after United Rentals announced they’d be acquiring them for $92 a share, valuing the company at about $4.8 billion.
Applied Digital is also in the spotlight, rallying 19.3% after Macquarie said they’d invest up to $5 billion in their AI data centers.
Instacart’s parent company, Maplebear, is up nearly 2% after getting an upgrade from BTIG, which sees potential in their grocery delivery growth.
Lastly, Hesai, a Chinese automaker supplier, jumped 6.4% after Goldman Sachs upgraded their stock, saying it’s currently undervalued.
Celanese, a chemical manufacturer, also saw a 2.7% increase after a double upgrade from Bank of America. They’re expected to see demand pick up soon.
