Investors were keeping tabs on market-movers Monday morning. Shares of Tenable Holdings rose 3% premarket after JPMorgan upgraded the exposure management solutions provider to overweight from neutral. A decrease of 1% was seen in Alibaba's stock after the announcement of the unexpected quit of CEO Daniel Zhang from its cloud business. Qualcomm's semiconductor shares skyrocketed 7.4% premarket as confirmation of the supply of 5G modems to Apple through 2026 was reported. A 3% rise in Kenvue's share value came after Deutsche Bank upgraded the spinoff of J&J from a "hold" to a "buy" rating. A 1.2% gain in Oracle's shares was also observed ahead of its postmarket earnings report. On the other hand, Tesla's electric vehicle stock rose more than 6% prior to the opening bell due to Morgan Stanley's upgrade to "overweight" from "equal weight." J.M. Smucker stock declined 10% when the company announced a buyout of Hostess Brands for an estimated value of $5.6 billion, with Hostess rocketing 17.3%. In addition, advance of the new AI system of Meta as capable as OpenAI's most advanced model drove the parent of Facebook's stock up 1.5%. Contrastingly, RTX, the former Raytheon Technologies, fell 3% after the disclosure of an engine manufacturing flaw would reduce its pretax earnings by $3 billion. — CNBC's Alex Harring, Hakyung Kim, Michelle Fox Theobald, Samantha Subin, Sarah Min and Kif Leswing contributed reporting.
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