Check out the companies making headlines before the market opens. Gap — The apparel retail stock rose 4.7% after JPMorgan upgraded the stock to overweight. The company cited a strong start to the holiday shopping season and multi-year growth prospects. Stellantis – Shares fell 9% after Chief Executive Carlos Tavares resigned from the automaker, effective immediately. The company cited “different perspectives” between Tavares and the board as the reason for his departure. Tesla — Shares of the electric car maker’s shares jumped after Tesla’s vice president of artificial intelligence software tweeted Saturday night that version 13 of Tesla’s “Full Self-Driving” driver assistance software has begun rolling out to some customers. rose 2.2%. Steelmaker – Goldman Sachs analyst Mike Harris initiated a buy rating on the company, saying cyclical and structural factors – including President-elect Donald Trump’s trade policies – could drive steel Shares of the U.S. Steel Industry rose more than 1% as the producer’s earnings grew. Goldman Sachs also launched a buyout of the commercial metals company, although the company’s shares were flat in premarket trading. Hasbro — Shares of the toy and game company rose 1.7% as investors focused on sales results around Black Friday. Stiefel said in a note to clients that Hasbro’s performance was “mixed,” but that board games did appear to be a popular category. —CNBC’s Samantha Subin, Jesse Pound, Hakyung Kim and Sarah Min contributed reporting.
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