Check out the companies making the news before the bell: CrowdStrike – Cybersecurity shares rise 3.4% after upgrade to buy from hold at Deutsche Bank. Analyst Brad Zelnick said the market “still hasn’t fully appreciated how AI will expand the market for cybersecurity.” Cybersecurity peer Palo Alto Networks gets 2% sympathy. Rivian – Shares rose 3.8% after the electric vehicle company was upgraded to buy at UBS. Analyst Joseph Spak said the recent stock sale presents a buying opportunity ahead of an inflection in the R2 midsize SUV ramp. Micron , SanDisk , Western Digital – Memory stocks rose broadly as traders appeared to return to artificial intelligence names after a heavy sell-off on Friday. Micron, Sandisk and Western Digital rose about 2% each. Estée Lauder – Shares rose 3.5% after the beauty company reported first-quarter fiscal results that beat analysts’ expectations. Estée Lauder earned 72 cents a share on revenue of $3.72 billion. Analysts polled by FactSet had expected profit of 51 cents per share from $3.65 billion. The company also raised its full-year earnings outlook. Lumentum, Marvell Technology – Marvell shares ticked 3% higher, while Lumentum rose 2% before being stopped, after the former agreed to acquire the latter company in an all-share deal that valued Lumentum at $115 billion. The transaction is expected to close in the first half of 2028. ExxonMobil , Chevron , Valero – Energy stocks fell as oil prices declined to start the week. ExxonMobil lost 1.2%, while Chevron fell almost 1%. Valero retreated 1.5%. Bloom Energy , Vertiv – Both names rebounded, as investors rallied after Friday’s pullback. Bloom Energy rose 2.3% after plunging 8% in the previous session. Vertiv gained 2.5% higher after the digital infrastructure technology company fell 5% on Friday. – CNBC’s Fred Imbert contributed reporting
Stocks making the biggest moves premarket: CRWD, RIVN, MU