Check out the companies that made headlines before the bell: Ford Motor — The automaker fell 2.1% after Jefferies downgraded the stock from hold to underperform. The company also cited concerns about excess inventory as well as valuation. HONEYWELL — Shares rose 3% in premarket trading after the industry giant said its board of directors is considering a possible separation of its aerospace division. Super Microcomputer — Shares fell nearly 14% following a Bloomberg report on Friday that the data center company hired investment bank Evercore ISI to help raise equity and debt capital. This comes after Supermicro missed the deadline to submit its annual and quarterly financial reports. There are growing concerns that the company could be delisted by the Nasdaq, despite CEO Charles Liang’s assurances that this is not the case. Microchip — The semiconductor products stock fell 2.5% after Bank of America downgraded the company’s rating from neutral to underperform. MicroStrategy — Bitcoin proxy shares rose 3.8% after Nasdaq announced its addition to the tech-heavy Nasdaq 100 index. Axon — The weapons maker rose nearly 3% on news the company will join the Nasdaq 100 later this month. Keysight Technologies — The electronics maker rose 2% after JPMorgan was upgraded from neutral to overweight. The bank cited a broader cyclical recovery and Keysight’s acquisition of Spirent as catalysts, which should enable the company to achieve greater leverage and strong margin growth. Micron Technology — Shares rose nearly 4%. The chip maker is scheduled to report quarterly results after the bell on Wednesday. JPMorgan said in a note Monday that it expects strong results. Broadcom — The semiconductor company rose 3%, further on track for its big gains from the previous session. Broadcom soared more than 24% on Friday after reporting better-than-expected fourth-quarter results, pushing its market capitalization above $1 trillion for the first time. Capri Holdings — Shares rose 3.3% after Women’s Wear Daily reported the retailer was working with Barclays to find potential buyers for its Versace and Jimmy Choo brands. —CNBC’s Lisa Kailai Han, Yun Li, Michelle Fox and Pia Singh contributed reporting.
F, HON, MSTR etc.
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