Lululemon, Duck Creek and more

Lululemon, Duck Creek and more

Lululemon, Duck Creek and more

A Lululemon store in New York

Scott Mlyn | CNBC

Check out the companies making the biggest moves before going to market:

Lululemon — Shares of the Canadian apparel company fell more than 10% after Lululemon lowered its guidance for first-quarter gross margin. The athleisure chain raised its net sales guidance for the fourth quarter and now expects year-over-year growth of 25% or more.

Visas, MasterCard — Payment company shares gained 1.1% and 1.7% respectively after Keybanc upgraded their ratings from sector weighting to overweight.

duck stream — The provider of intelligence solutions for the insurance industry is being taken private by Vista for $19 a share in cash, CNBC’s David Faber reported. The deal should be announced shortly, he said. Shares rose 39%.

Zilov — Shares of the property markets company rose 4% after Bank of America double upgraded the stock to buy, citing improved growth prospects despite a challenging macro environment.

holological – The women’s diagnostics provider on Sunday reported sales for the fiscal first quarter that beat its latest forecasts and estimates from Wall Street analysts. Shares are up 2.8% premarket.

Energy Stocks – Rising oil prices pushed several energy stocks higher premarket. Marathon Oil, Halliburton, EOG resources and Hess all increased by more than 2%.

bed bath beyond — Shares of the struggling retailer are up more than 17% premarket. Bed, Bath & Beyond warned of its ability to continue as a company last week, sending shares plummeting.

oracle — Shares of the software maker rose more than 1% in premarket trading after Piper upgraded Sandler from neutral to overweight. The investment bank said in a note that Oracle’s cloud business could see annual growth of over 20% over the next few years.

above — Equities rose 2.8% after Piper Sandler’s ridesharing platform was upgraded from neutral to overweight. The bank said rising car prices will push consumers to Uber and other ridesharing options.

NVIDIA — The stock is up 1.6% premarket after being named a top pick by analysts at Wells Fargo, who said they expect a positive data center product cycle through 2023.

Tesla – Shares of Tesla rose 3.7% premarket on Monday after lawyers for Elon Musk asked a California court on Saturday to move a trial over the company’s stock to Texas, citing local negativity.

Ferrari — Shares are up more than 2% premarket after being named a top pick for 2023 by Bank of America. Analysts praised the automaker’s balanced strategy, robust financial performance and conservative outlook for 2023.

– CNBC’s Tanaya Macheel, Jesse Pound, Alex Harring, Sarah Min and Michael Bloom contributed coverage.

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