Lululemon, Duck Creek and more

A Lululemon store in New York

Scott Millin | cnbc

Check out the companies making the biggest moves premarket:

Lululemon — Shares of the Canadian apparel company fell more than 10% after Lululemon lowered its gross margin guidance for the first quarter. The “ethledger” chain raised its net revenue guidance for the fourth quarter and is now expected to grow 25% or more year over year.

Visa, master card Shares of the payments companies rose 1.1% and 1.7%, respectively, after KeyBanc upgraded its ratings from sector weight to overweight.

duck creek – CNBC’s David Faber reported that Vista, a provider of intelligence solutions for the insurance industry, will be taken private for $19 per share in cash. The deal should be announced soon, he said. Shares soared 39%.

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Zillow — Shares of the real estate marketplace company rose 4% after Bank of America upgraded the stock to double to buy, citing its improved growth outlook despite a challenging macroeconomic environment.

Hologic — The women’s diagnostics provider reported fiscal first-quarter revenue on Sunday that topped its most recent guidance and Wall Street analyst estimates. Shares gained 2.8% premarket.

Energy Stocks – Rising oil prices sent many energy stocks higher premarket. marathon oil, halliburton, EOG Resource And Hayes All stayed over 2%.

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bed Bath and Beyond Shares of the beleaguered retailer soared more than 17%. Bed, Bath & Beyond warned of its ability to continue afloat last week with shares plunging as an ongoing concern.

Oracle — Shares of the software maker rose more than 1% in premarket trading after Piper Sandler upgraded from neutral to overweight. The investment bank said in a note that Oracle’s cloud business could see annual growth of more than 20% over the next few years.

Uber — Shares rose 2.8% after Piper Sandler upgraded the rideshare platform from neutral to overweight. The bank said that increased car prices will push consumers towards Uber and other rideshare platforms.

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NVIDIA — The stock rose 1.6% premarket after Wells Fargo was named a top pick by analysts, who said they see a positive data center product-cycle through 2023.

Tesla Tesla shares rose 3.7% premarket on Monday after Elon Musk’s lawyers asked a California court on Saturday to block a lawsuit over the company’s stock in Texas, citing local negativity.

Ferrari Shares rose more than 2% after Bank of America named it a top pick for 2023. Analysts noted the automaker’s balanced strategy, resilient financial performance and conservative 2023 outlook.

—CNBC’s Tanya Machel, Jesse Pound, Alex Haring, Sarah Min and Michael Bloom contributed reporting.


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