Before you call, check out the companies that are making headlines. Karvana – Shares rose more than 5% after RBC upgraded the stock from underperform to industry performer. The firm cited reasonable valuations and favorable conditions to accelerate sales. MongoDB — Shares fell more than 8% after the company issued disappointing first-quarter and full-year guidance Thursday. Meanwhile, MongoDB beat fourth-quarter expectations. The database software maker reported adjusted earnings of 86 cents per share on revenue of $458 million. Analysts had forecast earnings of 47 cents per share and revenue of $433 million, according to LSEG. DocuSign — Shares rose 8.4% after the company beat expectations and gave positive guidance for the first quarter. DocuSign reported adjusted fourth-quarter earnings of 76 cents per share on revenue of $712 million in the period. Wall Street expected earnings of 64 cents per share on revenue of $699 million, according to analysts surveyed by LSEG. Li Auto – U.S.-traded shares of the Chinese electric vehicle maker rose 1.7% after Deutsche Bank initiated coverage with a buy rating on the stock and named it a favorite. Deutsche said Li Auto’s market positioning could be a catalyst for stock growth. Gap — Shares of the clothing retailer jumped 8% after earnings came in well above Wall Street forecasts for the latest quarter. Gap reported earnings per share of 49 cents on revenue of $4.3 billion, while analysts had forecast earnings of 23 cents per share on revenue of $4.22 billion, according to LSEG. The company’s Old Navy brand returned to growth for the first time in more than in a year. UBS – The Swiss bank’s U.S.-listed shares rose more than 4% after Morgan Stanley upgraded its rating to “overweight” from equal weight. Morgan Stanley said increased investment banking activity could boost UBS’s growth. Marvell Technology – Shares fell 6% after the company issued modest first-quarter revenue guidance of $1.15 billion. Meanwhile, analysts polled by LSEG were expecting $1.37 billion. The data infrastructure semiconductor supplier also reported on weaker-than-expected first-quarter adjusted earnings guidance. Broadcom – Shares of the semiconductor sector fell 1.6% after the company issued full-year revenue guidance that met analysts’ expectations. Broadcom reported fiscal first-quarter adjusted earnings of $10.99 per share, while analysts polled by LSEG expected $10.29 per share. Revenue was $11.96 billion, beating the LSEG consensus estimate of $11.72 billion. Textron — Shares rose 1.7% in premarket trading following Bank of America’s neutral buy rating. Textron offers strong revenue growth prospects and a strong balance sheet that supports buybacks, according to BofA. Samsara — Shares rose about 14% after the Internet of Things company reported strong quarterly results and posted first-quarter and full-year guidance that beat expectations. In the fourth quarter, Samsara said it earned 4 cents per share, excluding items. Revenue of $276 million beat consensus expectations of $258 million for New York Community Bancorp, according to LSEG. Shares of the regional bank rose 2% in premarket trading after Moody’s Ratings announced a change in direction of its ratings review. NYCB’s credit rating is currently under review for an upgrade after receiving $1 billion in funding this week. Eli Lilly – Shares fell 1% in premarket trading after the US Food and Drug Administration delayed approval Alzheimer’s disease drug donanemab. The drug was expected to receive approval this month and is instead expected to be further reviewed for safety and effectiveness by an independent advisory committee. Costco — Shares fell 4% on the day after the warehouse club reported a drop in fiscal second-quarter earnings. Revenue was $58.44 billion, compared with $59.16 billion expected by analysts polled by LSEG. However, Costo’s earnings per share beat estimates. — CNBC’s Sarah Min, Michelle Fox and Jesse Pound contributed reporting.
