Check out the firms making headlines earlier than the bell : FedEx — Shares popped 5.5% on the again of a better-than-expected earnings report for the fiscal first quarter. FedEx earned an adjusted $3.83 per share on $22.24 billion in income, whereas analysts polled by LSEG forecasted $3.59 per share and $21.66 billion. Intel — The tech inventory pulled again barely after a blockbuster day that noticed shares skyrocket 22%. The rally got here after Nvidia stated it’ll make investments $5 billion in Intel as a part of a deal to co-develop information heart and PC chips with the troubled chipmaker. However, Citi downgraded the shares to promote from impartial Friday, saying the inventory is pricing in success in its modern foundry enterprise that it believes has minimal likelihood to succeed. Lennar – Shares dropped 3% after the homebuilder’s third quarter income got here in weaker-than-expected, with the firm posting $8.81 billion in opposition to the $9.00 billion that analysts surveyed by LSEG have been anticipating. Earnings, nonetheless, topped estimates, coming in at $2.29 per share in comparison with the consensus estimate of $2.10 per share. Apple — JPMorgan hiked Apple’s value goal to $280 from $255, boosting the inventory of the iPhone maker barely in the premarket. The Wall Street agency stated demand for Apple’s new slate of iPhone is powerful primarily based on early gross sales throughout Asia. Stellantis — The Jeep father or mother gained almost 2% after Berenberg upgraded the inventory to purchase from maintain. “We fully acknowledge that Stellantis’ earnings recovery may take time, and H2 could still be affected by further strategic one-offs or impairments. However, the narrative is now clearly improving,” the agency stated. Klaviyo — Shares rose greater than 5% after Morgan Stanley upgraded the e-mail platform firm to obese from equal-weight, saying Klaviyo has an expanded market alternative to help sturdy progress. Bill Holdings — Truist upgraded the monetary operations platform to purchase from maintain, sending shares 2% increased. The agency believes Bill Holdings’ income progress will exceed expectations and is bullish on the current share buildup by activist shareholders. — CNBC’s Alex Harring, Sean Conlon, Michelle Fox, Fred Imbert and Sarah Min contributed reporting.