Check out the companies making headlines in pre-market trading. TECHNOLOGY – Technology stocks, which had been under pressure during the session on Monday, rebounded in the pre-market in an attempt to recoup some losses. Nvidia and Palantir gained more than 1% in premarket trading Tuesday, while AppLovin gained 0.7%. All three companies are among the top performers in 2024. KB Home reported earnings of $2.52 per share on revenue of $2 billion. Analysts polled by London Stock Exchange Group (LSEG) expected earnings of $2.45 per share on revenue of $1.99 billion. The company said home delivery volume increased 17% year-on-year. Signet Jewelers — The parent company of Kay Jewelers and Zales shares fell 16% after lowering fourth-quarter guidance. Signet said holiday sales were weak as consumers tended to lower prices. Teladoc Health — Shares of Teladoc Health rose 4% in premarket trading after the virtual health care company announced a partnership with Amazon. Teladoc said its diabetes, hypertension and weight management programs will be available on the e-commerce platform. H & E Equipment Services — Shares of H & E Equipment Services soared more than 100% after United Rentals said it would acquire the rental equipment company. United Airlines, whose shares rose 2% before the close, will pay $92 per H&E share in cash. H&E is valued at approximately $4.8 billion. Applied Digital – The digital infrastructure stock rose 19.3% on news that Macquarie will invest $5 billion in Applied Digital’s artificial intelligence data center. Through this transaction, Macquarie will hold a 15% stake in Applied Digital’s high-performance computing business. Maplebear — Instacart shares rose nearly 2% after parent company BTIG upgraded the stock to buy from neutral. The company pointed to accelerated order growth as a catalyst for growth. Separately, Mizuho initiated an outperform rating on the stock, calling its position in the grocery delivery space “undervalued.” Hesai – Shares of the U.S.-listed supplier to Chinese automakers rose 6.4% after Goldman Sachs upgraded its rating to “buy” from “neutral.” Analyst Tina Hou said the market appeared to be underestimating Hesai’s operating leverage in the new product cycle, adding that the stock price was currently at an “attractive” level. Celanese — Shares of the chemicals maker and supplier rose 2.7% after Bank of America doubled down on its rating in a rare move to buy out of an underperforming stock. The bank said Celanese is attractively valued and should see demand recover across most products. —CNBC’s Li Yun, Jesse Pond, Lisa Han, Sean Conlon, Michelle Fox and Sharamin contributed reporting
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