Check out the companies that make headlines before the bell. Azek – The outdoor product maker's stock rose 23% after cement maker James Hardie Industries said it would acquire Azek with a total of about $9 billion in cash and stock trading. James Hardy Stock fell 11%. Pinterest – Social Media Stock added almost 5% after an upgrade to buy from neutral at Guggenheim. Analyst Michael Morris said the recent pullback has launched an attractive entry point for investors. VIASAT – Shares rose 4% after Deutsche Bank upgraded satellite stocks competing with Elon Musk's Starlink to a pending rating. Analyst Edison Yu wrote, “We have seen multiple paths for the company to generate stock value by effectively breaking down the balance sheet through monetization of assets.” Steel Dynamics, Nucor – Steel stocks added 2% after upgrade to purchase from neutral with UBS. As a catalyst, analyst Andrew Jones pointed to the current administration's strong tariff protections for the US steel and aluminum industry. 23AndMe – Shares plummeted 44% after the DNA testing company filed for Chapter 11 bankruptcy and assisted in sales. CEO and co-founder Anne Wojcicki has also stepped down. Boeing – Defense contractors added 2% on Monday. The move is behind President Donald Trump's decision to award contact information to build a new F-47 fighter jet, defeating competitor Lockheed Market. On Monday, Merius Research cited a “period of positive newsflow” that upgraded Boeing to a buy rating and helped him increase his stock. Lockheed Martin – Aerospace and Defense stocks slid 2% behind the downgrade to keep Bank of America and Merius research neutral, respectively. Bank of America analyst Ronald Epstein said he was “watched” by the company's recent revenue quality, while Merius analyst Scott Mix cited competitive losses. FedEx – Shares have risen by more than 1% after Jeffries upgraded to buy FedEx from holds. Investors say they ignore the cost-cutting efforts of packaging and shipping companies that continue to drive revenue growth regardless of macroeconomic challenges. Additionally, this year's underperformance (down 18%) represents a purchase opportunity, the company said. Tesla – The plagued electric car maker popped nearly 4% to start the week. This comes after Tesla wiped out its nine-week losses last Friday. – Reported by CNBC's Michelle Fox, Alex Hurling, Hakyung Kim and Sarah Min.
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