Apple stock dipped after a downgrade, while Qorvo jumped on an upgrade. 3M soared on earnings beats, and D.R. Horton also surged. Vistra rose after a fire was extinguished, Moderna gained on funding for a bird flu vaccine, and China electric vehicle stocks climbed on delayed tariffs. Other notable movers included Walgreens Boots Alliance, which plummeted after a lawsuit, and General Motors, which rose on an upgrade.
Check out the companies making headlines before the bell. Apple — Shares slipped nearly 2% after Jefferies downgraded the iPhone maker to an underperform rating from hold. Analyst Edison Lee called its AI outlook "subdued" and expects Apple to miss its fiscal first-quarter revenue growth forecast of 5% when reporting earnings later this month. Qorvo — The chipmaker moved 2% higher on the back of an upgrade at Morgan Stanley to overweight from equal weight.
China electric vehicle stocks — Shares of China electric vehicle companies rose after Trump delayed tariffs by failing to immediately impose them during his inauguration. Shares of XPeng and Li Auto respectively added 6% and 5.4%. Walgreens Boots Alliance — The pharmacy retailer tumbled 5.8% after the U.S. Justice Department sued Walgreens Boots Alliance on Friday. The department accused Walgreens of exacerbating the U.S.
APPLE QORVO 3M DR HORTON MODERNA
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