Try 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 no less than a decade away from being a “helpful paradigm.” Zuckerberg made the feedback on a Friday episode of the “Joe Rogan Expertise.” 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 Benefit plans. Shares of Humana rose virtually 6%, whereas UnitedHealth and CVS Well being 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, greater than the $2.05 analysts polled by FactSet had beforehand anticipated. The corporate’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 progress “underwhelming” and lowered its forecasts for income and EBITDA within the 2025 fiscal 12 months. Crypto shares — Shares tied to the worth of bitcoin have 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 robust demand . Lululemon raised its steering for gross sales and earnings per share for the fourth quarter. The corporate additionally mentioned it expects gross margin to broaden 12 months over 12 months, whereas earlier steering referred to as for the margin to slender. Macy’s — Shares fell 2% after Macy’s issued a lackluster replace to its fourth-quarter steering . Income is anticipated to return in barely under or on the decrease finish of earlier steering of $7.8 billion to $8.0 billion. Comparable gross sales are anticipated to be roughly flat quarter so far, in contrast with the consensus estimate of a 0.4% rise, in line with 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 robust vacation gross sales expectations. The corporate now expects fourth-quarter internet gross sales to develop between 7% and eight%, in contrast with earlier steering of 5% to 7% progress. These vacation expectations are nonetheless decrease than the year-ago interval, nevertheless, suggesting a slowdown in progress. Howard Hughes Holdings — Shares of the true property developer jumped 9% after Invoice Ackman’s Pershing Sq. proposed a deal to type a brand new entity to merge with the true 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 Applied sciences every misplaced round 3%, whereas Broadcom and Micron Know-how shed roughly 2%. Moderna — The biotech agency plunged 20% after decreasing its 2025 gross sales steering by about $1 billion, citing potential headwinds in 2025. Moderna now expects this 12 months’s income to fall between $1.5 billion and $2.5 billion, with the bulk coming within the second half of the 12 months. Intra-Mobile Therapies — The inventory soared practically 34% after Johnson & Johnson introduced it should take over the neurological remedy firm for $132 per share. That values Intra-Mobile Therapies at $14.6 billion. Shares of Johnson & Johnson have been flat. — CNBC’s Michelle Fox, Alex Harring, Yun Li, Tanaya Macheel, Sarah Min, Jesse Pound and Pia Singh contributed reporting.
