Check out the companies making headlines before the market opens. JB Hunt Transport Services – Shares of JB Hunt Transport Services fell more than 7% after the company’s fourth-quarter profit missed expectations. JB Hunt’s earnings per share were $1.53, missing the LSEG consensus estimate of $1.61 per share. Meanwhile, revenue for the period was $3.15 billion, in line with expectations. Qorvo – Shares of Qorvo rose more than 7% after the Wall Street Journal reported, citing people familiar with the matter, that activist investor Starboard Value has taken a 7.7% stake in the company and is seeking to make changes to boost its stock price. Moon Lake Immunotherapeutics – The biotech stock rose more than 4% after Goldman Sachs upgraded its rating to “buy” from “neutral.” The company cited expected data from its Phase 3 trial to treat the chronic skin disease hidradenitis suppurativa. Fastenal – Shares of Fastenal fell more than 4% after the company’s fourth-quarter profit and revenue fell short of Wall Street expectations. Fastenal earned 46 cents a share on revenue of $1.82 billion, while analysts polled by FactSet expected earnings of 48 cents a share on revenue of $1.84 billion. Life360 – Shares in the location-sharing app rose more than 3% after UBS upgraded it to “buy” from “neutral”, citing increased confidence in the company’s medium-term advertising revenue opportunities as a catalyst. Rivian Automotive – Shares of the electric vehicle maker rose 2.6% after it finalized a loan agreement of up to $6.6 billion with the Department of Energy to help build a new manufacturing site in Georgia. Construction will begin in 2026, with customer vehicle production expected in 2028, according to Thursday’s press release. Apple — The iPhone maker gained nearly 1%, recouping some of the previous session’s losses. Apple shares fell about 4% on Thursday, experiencing its worst day since August, amid reports of sluggish iPhone sales in China. Lam Research, Applied Materials – Semiconductor equipment stocks rose about 2% after KeyBanc Capital Markets upgraded the stock to overweight from industry weight. The investment firm said Lam Research and Applied Materials’ involvement in artificial intelligence-related equipment will help boost their share prices. Salesforce – Shares rose 2% after TD Cowen upgraded the stock to buy from hold. The company said the recent pullback created a “compelling entry point” for investors. Cloudflare – shares rose 3.5% after Citi upgraded the stock to buy. Citi said it strengthened its confidence in Cloud stock’s fundamentals and growth potential. —CNBC’s Alex Harring, Jesse Pound, Sarah Min and Pia Singh contributed reporting.
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