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Lululemon, Duck Creek and more

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A Lululemon store in Latest York

Scott Mlyn | CNBC

Take a look at the businesses making the most important moves premarket:

Lululemon — Shares of the Canadian apparel company fell greater than 10% after Lululemon lowered its gross margin guidance for the primary quarter. The “athleisure” chain raised its net revenue guidance for the fourth quarter and now expects growth of 25% or more, yr over yr.

Visa, Mastercard — Shares of the payments firms gained 1.1% and 1.7% respectively, after Keybanc upgraded their rankings to obese from from sector weight.

Duck Creek — The provider of intelligence solutions for the insurance industry might be taken private by Vista for $19 a share in money, CNBC’s David Faber reported. The deal ought to be announced shortly, he said. Shares surged 39%.

Zillow — Shares of the true estate marketplace company gained 4% after Bank of America double upgraded the stock to purchase, citing its improved growth outlook despite a difficult macroeconomic environment.

Hologic — The ladies’s diagnostics provider reported fiscal first quarter revenue Sunday that topped its most up-to-date guidance and Wall Street analyst estimates. Shares gained 2.8% premarket.

Energy stocks — Rising oil prices sent several energy stocks higher premarket. Marathon Oil, Halliburton, EOG Resources and Hess all rallied greater than 2%.

Bed, Bath & Beyond — Shares of the beleaguered retailer jumped greater than 17% premarket. Bed, Bath & Beyond last week warned of its ability to proceed as a going concern, sending shares plummeting.

Oracle — Shares of the software maker rose greater than 1% in premarket trading following an upgrade to obese from neutral by Piper Sandler. The investment bank said in a note that Oracle’s cloud business could see annual growth above 20% in the subsequent few years.

Uber — Shares gained 2.8% after the rideshare platform was upgraded to obese from neutral by Piper Sandler. The bank said increased automobile prices will push consumers to Uber and other rideshare platforms.

Nvidia — The stock gained 1.6% premarket after being named a top pick by Wells Fargo analysts, who said they see a positive data center product-cycle materializing through 2023.

Tesla – Shares of Tesla rose 3.7% premarket Monday after Elon Musk attorneys on Saturday asked a California court to maneuver a trial over the corporate stock to Texas, citing local negativity.

Ferrari — Shares rallied greater than 2% premarket after being named a top pick for 2023 by Bank of America. Analysts noted the automaker’s balanced strategy, resilient financial performance and conservative 2023 outlook.

—CNBC’s Tanaya Macheel, Jesse Pound, Alex Harring, Sarah Min and Michael Bloom contributed reporting.

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