Check out the companies making headlines before the bell. Crypto stocks — Stocks connected to cryptocurrencies rose as Bitcoin hit a fresh record high and topped $71,000. Coinbase and Microstrategy rose about 6% and 8%, respectively. Marathon Digital also rose 6%. PDD Holdings — U.S.-listed shares of the Chinese ecommerce company added 4.5% following an upgrade by Jefferies to buy. Concerns about geopolitics risks are now priced in and Temu should continue to gain market share, Jefferies said. Duolingo — Duolingo shares rose more than 1% after JPMorgan initiated coverage of the online learning platform with an overweight rating, citing expectations for “premium” revenue growth. Xcel Energy — Xcel Energy shares added about 2%. Barclays upgraded the natural gas company to overweight, highlighting the attractive discount for shares and a “catalyst path” ahead. Nvidia — The chipmaker fell about 1%, building on its more than 5% loss from Friday’s session. That was its biggest one-day loss since May 2023. New York Community Bancorp — Shares of the regional bank ticked up 1% in premarket trading. This comes after a decline of more than 6% on Friday as the stock continues volatile trading after a billion dollar capital raise last week. Netflix — Shares of the streaming giant rose about 1% in the premarket after Oppenheimer raised its price target, calling for nearly 20% upside going forward. The firm said Netflix’s …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell. Crypto stocks — Stocks connected to cryptocurrencies rose as Bitcoin hit a fresh record high and topped $71,000. Coinbase and Microstrategy rose about 6% and 8%, respectively. Marathon Digital also rose 6%. PDD Holdings — U.S.-listed shares of the Chinese ecommerce company added 4.5% following an upgrade by Jefferies to buy. Concerns about geopolitics risks are now priced in and Temu should continue to gain market share, Jefferies said. Duolingo — Duolingo shares rose more than 1% after JPMorgan initiated coverage of the online learning platform with an overweight rating, citing expectations for “premium” revenue growth. Xcel Energy — Xcel Energy shares added about 2%. Barclays upgraded the natural gas company to overweight, highlighting the attractive discount for shares and a “catalyst path” ahead. Nvidia — The chipmaker fell about 1%, building on its more than 5% loss from Friday’s session. That was its biggest one-day loss since May 2023. New York Community Bancorp — Shares of the regional bank ticked up 1% in premarket trading. This comes after a decline of more than 6% on Friday as the stock continues volatile trading after a billion dollar capital raise last week. Netflix — Shares of the streaming giant rose about 1% in the premarket after Oppenheimer raised its price target, calling for nearly 20% upside going forward. The firm said Netflix’s …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
