Check out the companies that are trending in pre-market trading. Coinbase — The cryptocurrency exchange fell nearly 4% after JPMorgan downgraded it to underweight early Tuesday. The bank said 2024 could be a tough year for Coinbase as enthusiasm for spot Bitcoin ETFs wanes. General Electric — General Electric shares fell nearly 7% in the premarket after the industry giant reported a weaker-than-expected first-quarter outlook. The company expects per-share earnings to be in the range of 60 cents to 65 cents, well below LSEG's estimate of 72 cents per share. Sunnova , Enphase Energy — Two solar power companies rose in pre-market trading after Truist upgraded them to hold status. Sunnova stock rose another 6%, and Enphase rose 4%. Trust said both stocks should be boosted by Fed interest rate cuts later this year. 3M — 3M reported disappointing full-year and first-quarter guidance, sending its stock down more than 5% in premarket. The company expects earnings per share to be between $9.35 and $9.75, below LSEG's estimate of $9.81. Zuora — This software company received an upgrade with an acquisition from Goldman Sachs that added his 2.5%. The bank said Zuora is trading at attractive levels. Teva Pharmaceutical Industries — Pharmaceutical shares rose 1.7% after Jefferies' stock was upgraded from hold to buy. “Given the consensus results, we remain bullish on our 2024 guidance.” [revenue estimates] “It looks conservative despite some tailwinds,” said analyst Glenn Santangelo, citing strong guidance, solid fundamentals and product updates as examples of tailwinds. . DR Horton's earnings were $2.82 per share, compared to analyst estimates compiled by LSEG for earnings of $2.88 per share Halliburton – Q4 earnings beat analyst expectations; Oil company rose more than 2% Halliburton's earnings were 86 cents per share Analysts had expected earnings of 80 cents per share, according to LSEG Logitech — Logitech's third-quarter sales The company's stock price fell 7% after the company reported a year-over-year decline in sales. United Airlines' full-year earnings outlook was in line with expectations but within the range Wall Street analysts had expected, according to a FactSet Street account. Rose. United Airlines reported earnings of $2.00 per share and revenue of $13.63 billion, beating analysts surveyed by LSEG's estimates of $1.69 in EPS and $13.54 billion in revenue. The company also said it expects its quarterly loss in the first quarter to be between 35 cents and 85 cents due to the grounding of the Boeing 737 Max 9. Rumble — Shares rose nearly 4%. This built on a more than 40% jump in stock price on Monday, when the video platform announced a partnership with digital media company Barstool Sports. TKO Group Holdings – The sports entertainment conglomerate soared more than 18% following the news that Netflix will stream his WWE Monday Night Raw starting next year. The move marks the streaming giant's first foray into live entertainment. Johnson & Johnson — Johnson & Johnson reported fourth-quarter profit and sales that beat analysts' expectations, but its stock fell slightly earlier. The pharmaceutical giant posted adjusted earnings of $2.29 per share on revenue of $21.4 billion. Analyst estimates compiled by LSEG were for sales of $21.01 billion and earnings of $2.28 per share. Verizon — The telecom giant rose nearly 5% after beating profits on top and bottom lines in the fourth quarter. The company had earnings of $1.08 per share and revenue of $35.13 billion. Analyst estimates compiled by LSEG were for earnings of $1.07 per share and revenue of $34.64 billion. Procter & Gamble — Shares rose 1.1% after quarterly results that beat profit but missed revenue expectations. The company also lowered its full-year earnings per share forecast. RTX Corporation — The aerospace and defense company rose 4% in premarket trading after its quarterly results beat Wall Street expectations on revenue and bottom line. RTX had earnings per share excluding items of $1.29 and sales of $19.93 billion. Analysts had expected sales of $19.7 billion and earnings per share of $1.24. —CNBC's Hakyung Kim, Samantha Subin, Jesse Pound, Lisa Kailai Han and Fred Imbert contributed reporting
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