Take a look at the businesses making headlines earlier than the bell. Shopify — The e-commerce platform operator popped 14% after posting third-quarter working earnings of $283 million, up from $122 million in the identical quarter a 12 months in the past. Shopify’s income of $2.16 billion additionally got here above a FactSet estimate of $2.12 billion. House Depot — Shares of the house enchancment retailer rose 1.7% after the corporate topped earnings expectations and lifted its full-year outlook. Gross sales rose greater than 6% on a year-over-year foundation. Dwell Nation Leisure — Shares jumped 5% after the dwell music and leisure firm posted an earnings beat for the third quarter. Dwell Nation reported $1.66 earnings per share, topping an LSEG estimate of $1.59 per share. Income of $7.65 billion missed consensus estimates calling for $7.75 billion in income. Honeywell — Shares rallied 7% after Elliott Administration disclosed a $5 billion stake within the industrial big. In a letter, Elliott additionally really helpful that Honeywell “pursue a separation of Aerospace and Automation. Each entities could be sector leaders and be higher positioned to thrive operationally, serve clients and workers, and create long-term worth for shareholders,” the investor mentioned. Twilio — Shares moved 1.7% larger following an improve at Wells Fargo to chubby from equal weight. The financial institution mentioned it believes “Twilio can function a pick-and-shovel play for the subsequent wave of AI-native entrance workplace and communications-powered genAI purposes.” IAC — Shares rose 3% on information that IAC its weighing a derivative of house enchancment market Angi. Crypto shares — Some in style cryptocurrency shares took a breather Tuesday as bitcoin eased from its recent highs . Coinbase and Robinhood slipped greater than 1% every, whereas Riot Platforms declined about 4%. Microstrategy gained about 2%. Trump Media & Know-how — Shares of Trump’s media firm pulled again 4% after rallying almost 5% throughout Monday’s buying and selling session. Shares rose greater than 4% final week on the heels of the president-elect’s victory. Okta — The safety software program inventory dipped 1.6% after a downgrade to carry from purchase at Deutsche Financial institution. The funding agency mentioned that current buyer suggestions on Okta has been combined and that the corporate appears to rising slower than Wall Avenue expects. SentinelOne — Shares rose 1.6% after Deutsche Financial institution upgraded shares to purchase from maintain, saying the July outage associated to CrowdStrike can assist add to SentinelOne’s momentum. The Wall Avenue agency hiked its worth goal on the cybersecurity firm to $32 from $25, a transfer that displays roughly 18% upside from Monday’s shut. — CNBC’s Hakyung Kim, Michelle Fox, Lisa Han, Sarah Min and Jesse Pound contributed reporting
