Check out the companies that make headlines in front of the bell. Domino’s Pizza – Stocks fell more than 3% after the pizza chain reported fourth-quarter numbers, which missed expectations. The company has revenue of $1.44 billion, or $4.89 per share. Analysts surveyed by FACTSET expect profit of $4.90 per share to be $1.48 billion. In the US same-store, the company’s key metrics grew by 0.4%. This is also lower than the consensus forecast, requiring 1.1% advance. Nike – Stock is bought from Hold at 2% after Jefferies upgrade. Jefferies said the sports apparel maker is “reusing its innovation engine”. Palantir Technologies – The stock fell more than 3% and fell sharply since last week due to concerns that retail investors might be dumping AI games. Palantir fell 14.9% last week, the biggest weekly decline since January. Alibaba – The Chinese e-commerce giant fell 3%, reversing its 15% rally last week in its latest strong earnings report. Despite the same weight Morgan Stanley’s former market slideshow was an upgrade on the overweight. Analyst Gary Yu said Alibaba is expected to continue leading the AI cloud market. Berkshire Hathaway – Warren Buffett’s conglomerate’s B-class shares rose more than 1% in the front market, the company said in the last three months of 2024 Among them, its operating profit soared 71% to $14.5 billion. This is a decrease by 302% insurance coverage. Robinhood – Retail trading platform in Robinhood said the U.S. Securities and Exchange Commission dismissed an investigation into the company’s cryptocurrency space. Energy Companies – Selected Power Company stocks fell Monday morning and fell Friday after data centers and Microsoft released their TD Cowen reports last week. Analyst Michael Elias said in a note that MSFT “canceled a total lease of several hundred megawatts in the U.S., with at least two private data center operators.” Stocks of Vistra, Talen Energy and Ge Vernova All are less than 1%. Rivian – Electric car garages are in the Bank of America’s neutral downgrade after downgrade. Analyst John Murphy said the company remains one of the “most viable” EV startups, but more competition and slowing EV demand than expected, plus the U.S. The potential decline in electric vehicle incentives has put resistance to stocks. Freshpet – Shares rose 4% after Jefferies bought pet food retailers from Hold, saying the stock was “50% more valuable than the places currently being traded”. The company expects FreshPet to increase sales by 23% by 2027. The stock has fallen 32% this year. – Sean Conlon, Brian Evans, Alex Harring, Fred Imbert, Sarah Min and Yun Li of CNBC contributed the report.
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