Here’s a look at the companies making headlines before the bell: Quantum Stocks – Quantum stocks tumbled Monday morning after Mark Zuckerberg responded to Nvidia CEO Jensen Huang’s remarks that quantum distance is at least ten years away from becoming a “useful paradigm.” year time. Zuckerberg made the comments on Friday’s episode of “The Joe Rogan Experience.” Rigetti Computer’s shares fell 25%, D-Wave Quantum’s shares fell about 16%, followed by IonQ’s shares fell 8%, and Quantum Computer’s shares fell 9%. Managed Care Stocks — Managed care stocks rose after the U.S. government on Friday proposed increasing reimbursement rates for Medicare Advantage plans by an average of 4.3% in 2026. Humana shares rose nearly 6%, while UnitedHealth and CVS Health each gained 3%. Boot Barn — Shares of Boot Barn rose about 4% Friday afternoon after the boot retailer reported third-quarter earnings of about $2.43 a share, above the $2.05 FactSet analysts had expected. The company’s expected revenue of $608.2 million was also higher than the previous estimate of $593.4 million. Pinterest — Shares of the visual-sharing platform fell 3% after Jefferies downgraded its rating to hold. Jefferies also called the company’s growth “underwhelming” and lowered its fiscal 2025 revenue and EBITDA forecasts. Crypto Stocks – Stocks tied to the price of Bitcoin were lower as the cryptocurrency fell to around $90,000. Coinbase and MicroStrategy were both down 4% in pre-market trading. Bitcoin miner Mara Holdings fell 4% and Core Scientific fell 3%. Lululemon — Shares of the apparel company rose more than 3% after a holiday sales update showed strong demand. Lululemon raised its fourth-quarter sales and earnings per share guidance. The company also said it expects gross margins to expand compared with the same period last year, while previous guidance called for gross margins to narrow. Macy’s — Shares of Macy’s fell 2% after issuing a lackluster fourth-quarter guidance update. Revenues are expected to be slightly below or at the lower end of previous guidance of $7.8 billion to $8 billion. Comparable sales so far this quarter are expected to be roughly flat, compared with consensus expectations for a 0.4% rise, according to FactSet. Abercrombie & Fitch — Shares of Abercrombie tumbled 11% in premarket trading even as Abercrombie raised its fourth-quarter outlook on strong holiday sales expectations. The company now expects fourth-quarter net sales to grow 7% to 8%, compared with previous guidance of 5% to 7%. However, those holiday expectations are still lower than a year ago, pointing to slower growth. Howard Hughes Holdings — Bill Ackman’s Pershing Square proposed forming a new entity to merge with the real estate company, offering existing shareholders $85 per share The real estate developer’s shares rose 9% following the offer. Big Tech — Big Tech stocks plunged on Monday morning, extending last week’s losses as U.S. Treasury yields rose. Nvidia, Tesla and Palantir Technologies each fell about 3%, while Broadcom and Micron Technology fell about 2%. Moderna — Shares of Moderna plunged 20% after the biotech company cut its 2025 sales guidance by about $1 billion, citing potential headwinds in 2025. Second half of the year. Intracellular Therapies — Shares of Johnson & Johnson surged nearly 34% after the company announced it would acquire the neurotherapy company for $132 per share. Intracellular therapies are valued at $14.6 billion. Johnson & Johnson shares were flat. —CNBC’s Michelle Fox, Alex Harring, Yun Li, Tanaya Macheel, Sarah Min, Jesse Pound and Pia Singh contributed reporting.
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