Check out the companies making headlines before the market opens. Carvana — Shares of Carvana rose more than 5% after RBC upgraded the stock to sector perform from underperform. The company offers a reasonable valuation and a favorable setup for unit acceleration. MongoDB – Shares of MongoDB fell more than 8% after the company issued disappointing first-quarter and full-year guidance on Thursday. Meanwhile, MongoDB’s fourth-quarter performance exceeded expectations. The database software maker reported adjusted earnings of 86 cents per share on revenue of $458 million. Analysts expected earnings of 47 cents per share on revenue of $433 million, according to LSEG. DocuSign — The stock rose 8.4% after the company beat expectations and gave positive first-quarter guidance. DocuSign reported fourth-quarter adjusted earnings of 76 cents per share on revenue of $712 million. Wall Street expected earnings of 64 cents a share on revenue of $699 million, according to analysts polled by LSEG. Li Auto — U.S.-listed shares of the Chinese electric vehicle maker rose 1.7% after Deutsche Bank gave the stock a buy rating and named it a top pick. Deutsche Bank said Li Auto’s market positioning could be a catalyst for the stock. Gap — The apparel retailer’s latest quarter profit was well above Wall Street forecasts, sending its shares up 8%. Gap reported earnings of 49 cents per share on revenue of $4.3 billion, while analysts expected earnings of 23 cents per share on revenue of $4.22 billion, according to LSEG. The company’s Old Navy brand returned to growth for the first time in more than a year. UBS — UBS shares rose more than 4% after Morgan Stanley upgraded shares of the Swiss bank to overweight from equal weight. Morgan Stanley said rising investment banking activity could boost UBS. Marvell Technology — Shares fell 6% after the company reported first-quarter revenue guidance of $1.15 billion. Meanwhile, analysts polled by London Stock Exchange Group (LSEG) expected $1.37 billion. The supplier of data infrastructure semiconductor products also reported weaker-than-expected adjusted earnings guidance for the first quarter. Broadcom — Shares of Broadcom fell 1.6% after the company reported full-year revenue guidance that was in line with analysts’ expectations. For the fiscal first quarter, Broadcom reported adjusted earnings of $10.99 per share, while analysts polled by LSEG had expected $10.29 per share. Revenue was $11.96 billion, above consensus estimates of $11.72 billion, according to LSEG. Textron — Shares of Textron rose 1.7% premarket after Bank of America upgraded the stock to buy from neutral. Bank of America said Textron offers strong revenue growth prospects and a strong balance sheet to support buybacks. Samsara — The Internet of Things company reported strong quarterly results and issued better-than-expected first-quarter and full-year guidance, sending shares soaring about 14%. Excluding items, Samsara said it earned 4 cents per share in the fourth quarter. LSEG said revenue of $276 million beat consensus estimates of $258 million. New York Community Bancorp — Shares of New York Community Bancorp rose 2% in premarket trading after Moody’s announced a change in rating review direction. NYCB’s credit rating is currently under review for an upgrade after securing $1 billion in financing this week. Eli Lilly — Shares of Eli Lilly fell 1% in premarket after the U.S. Food and Drug Administration delayed approval of its Alzheimer’s drug donanemab. The drug is expected to be approved this month, but its safety and effectiveness are expected to be further reviewed by an independent advisory committee. Costco – Warehouse Club shares fell 4% in one day after the company reported fiscal second-quarter revenue that fell short of expectations. Revenue was $58.44 billion, compared with $59.16 billion expected by analysts polled by LSEG. However, Costo’s earnings per share beat expectations. —CNBC’s Sarah Min, Michelle Fox and Jesse Pound contributed reporting.
