Check out the companies making headlines in premarket trading. Broadcom — Shares of the semiconductor maker jumped nearly 17% after the company’s fiscal fourth-quarter earnings exceeded expectations. CEO Hock Tan said that Broadcom is developing custom artificial intelligence chips with three large cloud customers. The company also said its artificial intelligence revenue for the year more than tripled. RH — The luxury furniture retailer’s shares skyrocketed 13% in premarket trading after the company hiked its forward guidance. RH sees fourth-quarter revenue growth of 18% to 20% from a year earlier, citing “an acceleration of demand.” The company also swung to a profit in the third quarter. Tesla — The electric vehicle maker ticked 1% higher after Reuters reported that President-elect Donald Trump’s team recommended ending a rule for reporting car crashes. Reuters reported that Tesla has reported the most crashes under the program and that the requirement has been disliked by CEO Elon Musk. Norwegian Cruise Line — The cruise stock popped 2.6% on the back of Barclays’ upgrade to overweight. “We like NCLH given its higher beta in a reaccelerating macro environment, exposure to cross-Atlantic travel in a year which we expect will see strong U.S. demand overseas,” the bank said. Penn Entertainment — The online sports betting stock popped 5.8% after being upgraded at JPMorgan to overweight from neutral. The bank said it sees a path to aggregate growth ahead as Penn Entertainment’s capital projects begin to bear fruit. Ciena — The networking equipment company advanced nearly 2% a day after posting its best performance since August 2023. Shares closed 15% higher on Thursday after Ciena issued strong first-quarter and fiscal 2025 revenue, despite the company falling short of Wall Street’s earnings expectations. On Friday, Bank of America upgraded the stock to a buy from neutral on the back of stabilizing demand and accelerated cloud and AI momentum. Upstart Holdings — Shares of the lending platform rose more than 4% after upgrade to buy from hold at Needham. The investment firm said Upstart has “achieved a proper balance in funding” and strengthened its balance sheet. Centene — The health care stock advanced 1.4% on the heels of UBS’ upgrade to buy from neutral. UBS called the stock “too cheap to ignore.” TaskUs — The outsourcing stock climbed 6.8% following Morgan Stanley’s upgrade to overweight from equal weight. The bank said TaskUs should be an AI beneficiary and has both “industry-leading” margins and a “competitive moat.” Canadian Solar — The renewable energy stock rose 2% after Mizuho’s initiation at an outperform rating. Mizuho believes that investors haven’t fully priced in the value of growth within the energy storage business. PayPal — Shares of the financial technology stock traded 1.8% higher following Wolfe Research’s upgrade to outperform from peer perform. Wolfe said it sees potential upside to Wall Street estimates. Salesforce , ServiceNow — Salesforce shares gained 2%, while ServiceNow slid 1.1%. The moves come after KeyBanc Capital Markets issued a 2025 stock specific outlook for enterprise software, upgrading Salesforce to overweight and downgrading ServiceNow to sector weight. The firm said Salesforce, which has rallied this quarter on a string of positive news around its AI products, still has “room for improvement.” The firm said ServiceNow is an “early AI leader” but has “little upside” at this point. — CNBC’s Pia Singh, Michelle Fox, Lisa Kailai Han, Yun Li, Sarah Min and Jesse Pound contributed reporting
Check out the companies making headlines in midday trading. Crypto stocks – Stocks tied to crypto prices jumped amid reports that President-elect Donald Trump could release an executive order making crypto a national priority as soon as the first day of his new term. Shares of crypto exchange operators Coinbase and Robinhood advanced 4.5% and 6%, respectively. Trading activity in small cap cryptocurrencies benefits trading platforms. Bitcoin proxies MicroStrategy and Mara Holdings gained 6% and 10%, respectively. Novo Nordisk — Shares slipped 5% after the company’s semaglutide, which is the active ingredient in the its diabetes drugs Ozempic and Rybelsus and its obesity treatment Wegovy, landed on a list of drugs that will be included in Medicare’s next round of price negotiations . Qorvo – Shares gained more than 12% after activist investor Starboard Value disclosed a 7.7% stake in Qorvo and is seeking changes to improve the company’s share price. Vistra — The energy company’s stock shed 1.9% after a major fire erupted at its battery-storage facility in Northern California and led to the evacuation of nearby residents. MoonLake Immunotherapeutics — The biopharma stock added 4% following an upgrade to buy from neutral at Goldman Sachs. Analyst Richard Law said that the company’s experimental treatment for a chronic skin condition, SLK, could “potentially deliver best-in-class results.” Lam Research , Applied Materials — The semiconductor equipment stocks rose 1.3% and 2.2%, respectively, after KeyBanc Capital Markets upgraded both companies to overweight from sector weight. Lam Research and Applied Materials have exposure to artificial intelligence-related devices that should lead their stocks higher, the firm said. J.B. Hunt — The transport stock fell 6% after a fourth-quarter earnings miss. J.B. Hunt generated $1.53 in earnings per share, while analysts surveyed by LSEG were looking for $1.61. The company reported that revenue declined year over year in each of its major business segments. Fastenal — Shares of the fastener distributor added 1% even though the company missed fourth-quarter expectations due to ongoing manufacturing-related challenges. Fastenal earned 46 cents per share on revenue of $1.82 billion, while analysts polled by FactSet were expecting 48 cents per share on $1.84 billion in revenue. The company did see higher unit sales during the quarter amid growth at locations opened in the past two years. Life360 — The location-sharing app’s stock rallied 8% after UBS upgraded it to buy from neutral , citing more confidence in the company’s midterm ad revenue opportunity. Intel — Shares of the chipmaker popped by 8% as the beaten-up chipmaker continues to be a part of takeover speculation following the departure of its CEO in December. The stock, which was booted from the Dow in November, is still down more than 50% in the last 12 months. — CNBC’s Alex Harring, Sean Conlon, Jesse Pound, Tanaya Macheel, Samantha Subin, Lisa Han and Michelle Fox contributed reporting.
Check out the companies making headlines before the bell. J.B. Hunt Transport Services – Shares fell more than 7% after the company’s fourth-quarter earnings came in weaker than expected. J.B. Hunt earned $1.53 per share, below the LSEG consensus estimate of $1.61 per share. Meanwhile, revenue for the period came in line with expectations at $3.15 billion. Qorvo – The stock rose more than 7% after The Wall Street Journal, citing people familiar with the matter, reported that activist investor Starboard Value has built a 7.7% stake in the company and is looking to make changes to boost the company’s share price. MoonLake Immunotherapeutics – The biotech stock jumped more than 4% after receiving an upgrade to buy from neutral at Goldman Sachs. The firm cited the anticipation of positive phase 3 trial data for its treatment of a chronic skin condition known as hidradenitis suppurativa. Fastenal – Shares dropped more than 4% after the company’s fourth-quarter earnings and revenue missed Wall Street’s expectations. Fastenal earned 46 cents per share on revenue of $1.82 billion, while analysts polled by FactSet were expecting 48 cents per share on $1.84 billion in revenue. Life360 – The location-sharing app’s stock moved more than 3% higher after UBS upgraded it to buy from neutral , citing more confidence in the company’s midterm ad revenue opportunity as a catalyst. Rivian Automotive – The electric vehicle maker’s stock rose 2.6% after the company finalized a loan agreement with the Department of Energy for up to $6.6 billion to help build a new manufacturing site in Georgia. Construction is set to begin in 2026 with the production of customer vehicles expected to happen in 2028, according to the Thursday press release. Apple – The iPhone maker gained nearly 1%, clawing back some of the losses seen in the previous session. On Thursday, Apple shares fell around 4%, experiencing its worst day since August, on the backs of reports of lackluster iPhone sales in China . Lam Research , Applied Materials – The semiconductor equipment stocks rose about 2% after KeyBanc Capital Markets upgraded both to overweight from sector weight. The investment firm said Lam Research and Applied Materials have exposure to AI-related devices which should help push their shares higher. Salesforce – The stock advanced 2% after a TD Cowen upgraded shares to buy from hold. The firm said its recent pullback has created a “compelling entry point” for investors. Cloudflare – Shares popped 3.5% on the heels of Citi’s upgrade to buy. Citi said it has improved confidence on the cloud stock’s fundamentals and growth potential. — CNBC’s Alex Harring, Jesse Pound, Sarah Min, and Pia Singh contributed reporting.
Capital One said an unspecified technical issue was hampering customer account access Thursday, as some users reported issues with direct deposits.
In response to complaints on social media platform X, a Capital One representative said the bank was experiencing a “tech outage” that was affecting “a variety of functions,” with no timetable for a restoration of services.
Just before noon Thursday, the company released an official statement about the problem.
“We are experiencing a technical issue with a third-party vendor that is temporarily impacting some account services, deposits, and payment processing for portions of our consumer, small business, and commercial bank,” it said.
Late Thursday, the vendor, Fidelity Information Services (FIS) released a statement saying it was working to restore applications affected by a local area power outage at one of its data centers. An FIS spokesperson did not respond to multiple follow-up questions.
According to Downdetector.com, which tracks reports of user complaints about digital services, the issues began around 6 a.m. ET, with some 2,000 reports observed.
The site indicated the frequency of reports had started leveling off around 9 a.m. ET, but by 4 p.m., there had still not been a significant reduction in complaints registered.
The issues at Capital One come a day after Citibank acknowledged a problem affecting customers’ ability to access their accounts from mobile devices, as well as an apparent issue related to fraud alerts. While the mobile access issue appeared to have been resolved, a Citi rep said on X on Thursday it was still working to fix the fraud-alert item.