Pre-Market Trading Highlights

Several companies are making significant moves in pre-market trading:

• Datadog — The software firm saw a 2.3% increase after being upgraded from neutral to buy by Guggenheim. Analysts believe Datadog stands to gain from the growing volume and complexity of IT data fueled by artificial intelligence.
• CoreWeave — Shares in AI cloud computing surged over 5% following CoreWeave’s announcement of a $21 billion infrastructure expansion with Meta Platforms. They explained that this dedicated capacity will be distributed across various sites, including the initial phase of the NVIDIA Vera Rubin platform, aimed at enhancing Meta’s AI efficiency and scalability.
• Constellation Brands — The maker of Modelo and Corona dropped slightly by less than 1% after it retracted its 2028 outlook, citing uncertainty and reports of “subdued” consumer demand. Although full-year profit predictions were below expectations, the fourth quarter results surpassed forecasts from TheStreet.
• Oil Companies — Following a significant drop in U.S. West Texas Intermediate crude oil prices, energy stocks rebounded as oil prices began to recover. Occidental Petroleum and APA each rose nearly 2%, while ConocoPhillips, Chevron, and BP gained about 1%.
• Airlines — The rise in oil prices negatively affected airline stocks. Alaska Airlines fell approximately 2%, while United Airlines, American Airlines, and Delta Air Lines declined by 1% each.
• Cruise Companies — High oil costs also took a toll on cruise line stocks, with Royal Caribbean and Norwegian Cruise Line dropping nearly 2%. Carnival saw a 1% decline.
• Applied Digital — Shares slightly decreased by less than 1% despite the company exceeding financial expectations, reporting a third-quarter adjusted EBITDA of $44.1 million—much higher than the consensus estimate of $19.3 million. The stock had rallied 17% this month and over 13% this year before this report.
• Texas Instruments — Shares increased by nearly 2% after Stifel upgraded the chipmaker from hold to buy. The firm noted that Texas Instruments is experiencing favorable conditions, including the conclusion of a recent capital spending cycle and growth in its data center business.
• Star Surgical — The company, which produces implantable ophthalmic lenses, projected first-quarter sales exceeding $90 million, significantly above the $67.6 million forecasted by analysts. This announcement led to a remarkable 27% surge in its shares.
• Zscaler — This cloud security firm received a downgrade from BTIG, moving from acquisition to neutral, and was removed from BTIG’s top picks for H1 2026. The outlook going forward appears more cautious, leading to a decline of around 3% in stock price.