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Today's Pre-Market Stock Movers: LULU, TSLA, BBBY, Z and More

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Movers and Shakers wrote a column · Jan 9, 2023 07:48
Gapping up
$Visa(V.US)$ +1.1%, $MasterCard(MA.US)$ +1.7% (Keybanc upgraded their ratings to overweight from from sector weight.)
$Zillow-C(Z.US)$ +4% (Bank of America double upgraded the stock to buy, citing its improved growth outlook despite a challenging macroeconomic environment.)
$Hologic(HOLX.US)$ +2.8% (The women's diagnostics provider reported fiscal first quarter revenue Sunday that topped its most recent guidance and Wall Street analyst estimates. )
$Duck Creek Technologies(DCT.US)$ +39% (The provider of intelligence solutions for the insurance industry will be taken private by Vista for $19 a share in cash, CNBC's David Faber reported. The deal should be announced shortly, he said.)
$Bed Bath & Beyond Inc(BBBY.US)$ +45% (Bed, Bath & Beyond last week warned of its ability to continue as a going concern, sending shares plummeting.)
$Oracle(ORCL.US)$ +1% (The company was upgraded to overweight from neutral by Piper Sandler. The investment bank said in a note that Oracle's cloud business could see annual growth above 20% in the next few years.)
$NVIDIA(NVDA.US)$ +1.6% (The company was named a top pick by Wells Fargo analysts, who said they see a positive data center product-cycle materializing through 2023.
$Tesla(TSLA.US)$ +3.7% (Elon Musk attorneys on Saturday asked a California court to move a trial over the company stock to Texas, citing local negativity.)
$Uber Technologies(UBER.US)$ +2.8% (the rideshare platform was upgraded to overweight from neutral by Piper Sandler. The bank said increased car prices will push consumers to Uber and other rideshare platforms.)
$Ferrari(RACE.US)$ +2% (The company was named a top pick for 2023 by Bank of America. Analysts noted the automaker’s balanced strategy, resilient financial performance and conservative 2023 outlook.)
Gapping down
$Lululemon Athletica(LULU.US)$ -10% (Lululemon lowered its gross margin guidance for the first quarter. The "athleisure" chain raised its net revenue guidance for the fourth quarter and now expects growth of 25% or more, year over year.)
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