Today's Morning Movers and Top Ratings: RDDT, NKE, LULU, FDX and More

$Best Buy(BBY.US)$ The electronics retailer's shares added 2% following an upgrade from JPMorgan to overweight from neutral, with improved outlooks and a raised price target suggesting a 26% upside.

$FedEx(FDX.US)$ Shares increased by 12% premarket after the company reported earnings that surpassed expectations, with a quarterly earnings report of $3.86 per share.

$Nike(NKE.US)$ The stock slumped by 6.2% due to reported slowing growth in China, despite better-than-expected earnings and revenue.

$Lululemon Athletica(LULU.US)$ Shares fell nearly 13% after issuing lower-than-expected guidance, even though holiday earnings beat expectations.

$Reddit(RDDT.US)$ The social media company's stock slipped more than 4%, retracting some gains from the previous day's IPO surge.

$LVMH Moet Hennessy Louis Vuitton(LVMHF.US)$ Shares dropped over 3.5% upon news of a management change with Antonio Belloni stepping down from his role.