Check out the companies making headlines before the market opens. Delta Air Lines – Shares of Delta Air Lines fell nearly 5% after the airline provided disappointing fourth-quarter revenue guidance. Delta Air Lines expects revenue to grow 2% to 4% from the same period last year, below expectations of 4.1%, according to LSEG. Third-quarter earnings per share and revenue also fell short of expectations. 10x Genomics – The single-cell market leader announced that it expects third-quarter revenue of $151.7 million, down approximately 1% from the same period last year, and its stock price fell approximately 26%. Chief Executive Serge Saxonov said the transformation the company has undergone is “more disruptive than we expected, especially in the Americas” due to recent changes in business processes and organization. CVS Health – Shares of the pharmacy chain rose 1.9% after Barclays upgraded the company to overweight from equal weight. The company said there is a “compelling opportunity for profit recovery” at CVS. GXO Logistics – Shares of GXO Logistics rose 12% after Bloomberg reported that the company was exploring a potential sale, citing people familiar with the matter. Although Bloomberg sources said GXO Logistics is working with financial advisers, no final decision has been made. Celsius Holdings – Shares rose about 5%, extending gains of more than 6% in the previous session. On Wednesday, Piper Sandler released its latest survey of teens, which shows Celsius excels when it comes to energy drinks. Specifically, the investment firm noted that the brand’s percentage of favorite mentions is about 35% higher than its overall market share. Tesla — Shares of the electric car maker rose more than 1% ahead of a robotaxi event after hours Thursday. Investors expect Tesla to unveil its Cybercab robotaxi prototype and announce advances in driver assistance and artificial intelligence capabilities. Nike — Shares edged up 1.5% after Truist upgraded the stock to buy from hold. The company said Nike’s “fundamental recovery remains a long-term prospect,” but some near-term efforts by new management, such as more marketing and improved wholesale relationships, should give investors confidence in the athletic apparel retailer’s “future.” It will be better.” Medtronic – Medtronic rose 1% after RBC Capital Markets upgraded its rating on Medtronic to outperform from sector perform and said there was “renewed confidence” in the medical device company. . American International Group – Shares of the insurance giant rose about 1% after JPMorgan upgraded its rating to “overweight” from “neutral.” The company’s bullish forecast is based on a “more reasonable” consensus EPS forecast and an “improved” valuation following the underperformance. PayPal – Shares of the payments company fell 1.7% after Bernstein downgraded the stock to market perform from outperform. Bernstein said in a note to clients that PayPal’s stock price has risen nearly 40% in the past three months, and that its upside after the recent rebound is uncertain. —CNBC’s Alex Harring, Jesse Pound, Sarah Min, Pia Singh and Michelle Fox Theobald contributed reporting.
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