Several companies are making headlines in pre-market trading. American Airlines stock rose over 4% following a TD Cowen upgrade to a “buy” rating and a new price target suggesting a 47% upside. FuboTV surged more than 60% after reports of a possible merger with Disney’s Hulu + Live TV, forming a significant new player in the streaming market. Boeing shares increased by about 2% after Barclays upgraded the stock, predicting a rebound in 2025. Citigroup also saw a 2% rise after an upgrade at Barclays, citing improved large-cap bank prospects. Chip stocks benefited from Foxconn’s impressive Q4 revenue, with notable gains for Taiwan Semiconductor and Micron Technology, each up over 5%. In the electric vehicle sector, Xpeng’s shares rose over 4% following an expansion of its partnership with Volkswagen, which boosted Volkswagen’s European shares by more than 5%. MicroStrategy’s stock jumped about 4% after announcing plans to raise up to $2 billion for bitcoin acquisitions. Additionally, shares of Microsoft gained about 1% post-upgrade, while Plug Power rose 6% in light of new hydrogen tax incentives. Chewy’s stock also increased over 4% after an upgrade at Mizuho amid increased advertising efforts.
