Check out the companies making headlines in premarket trading. Coinbase — The cryptocurrency exchange fell nearly 4% on Tuesday following a downgrade from JPMorgan to underweight. As enthusiasm for spot bitcoin ETFs fades, 2024 will be a tough year for Coinbase, the bank said. General Electric – Shares of General Electric fell nearly 7% in the premarket after the industrial giant provided weaker-than-expected guidance for the first quarter. The company sees earnings per share in the range of 60 to 65 cents. Sunnova, Enphase Energy – Both solar companies were higher in premarket trading, with Truist upgrading them to buy from hold. Shares of Sunnova rose more than 6%, while Enphase rose 4%. Both stocks should get a boost from the Federal Reserve's rate cuts later this year, Troost said. 3M — 3M posted disappointing full-year and first-quarter guidance. The company sees earnings per share between $9.35 and $9.75, below LSEG's estimate of $9.81. Zuora — The software company added 2.5% following an upgrade to buy from Goldman Sachs. The bank said Zuora was trading at attractive levels. Teva Pharmaceutical Industries — The pharma stock added 1.7% following an upgrade from Jefferies to a buy rating. “We are moving forward with consensus restructuring in 24 guidance [revenue estimates] “Be conservative with many tailwinds at play,” wrote analyst Glenn Santangelo, citing strong guidance, strong fundamentals and product updates as examples of these tailwinds. DR Horton – Shares of the homebuilder fell more than 5% after first-quarter earnings. Shares that missed Wall Street estimates DR Horton Earnings of $2.82 per share, while analysts polled by LSEG had expected a profit of $2.88 per share. Halliburton – The oil company added more than 2% after fourth-quarter earnings beat analyst estimates. The stock, excluding certain items, would have earned 80 cents per share, according to LSEG. Shares of the computer accessories company fell 7% after Logitech — Logitech reported a year-over-year sales decline in its third quarter. The company raised its full-year revenue guidance to the range expected by Wall Street analysts, according to FactSet's Street Account, United Airlines — after posting quarterly results. Airline shares rose more than 6%. United Airlines reported earnings of $2 per share on revenue of $13.63 billion, with EPS of $1.69 and revenue of $13.54 billion expected by analysts polled by LSEG. The company also said it expects a quarterly loss of 35 cents to 85 cents in the first quarter due to Boeing 737 Max 9 groundings. Rumble – Shares rose nearly 4%. Shares surged more than 40% on Monday when the video platform announced a partnership with digital media company Barstool Sports. TKO Group Holdings — The sports entertainment group jumped more than 18% after news that Netflix will stream WWE's Monday Night Raw starting next year. The move was the first cry for the streaming giant's live entertainment. Johnson & Johnson — Johnson & Johnson reported fourth-quarter earnings and revenue that beat analysts' expectations, but shares fell slightly in premarket trading. The pharma giant reported adjusted earnings per share of $2.29 on revenue of $21.4 billion. Analysts polled by LSEG expected earnings of $2.28 per share on revenue of $21.01 billion. Verizon — The telecom giant rose nearly 5% after beating top- and bottom-line earnings in the fourth quarter. The company earned $1.08 per share on revenue of $35.13 billion. Analysts polled by LSEG expected earnings of $1.07 per share on revenue of $34.64 billion. Procter & Gamble – Shares added 1.1% following quarterly results that missed earnings estimates but missed earnings estimates. The company also cut its full-year earnings per share forecast. RTX Corp. – The aerospace and defense company rose 4% in premarket trading on back-to-back quarterly results, beating Wall Street estimates on both the top and bottom lines. RTX reported earnings per share of $1.29 per share, excluding items, on revenue of $19.93 billion. Analysts were expecting earnings of $1.24 per share on revenue of $19.7 billion. — CNBC's Hakyung Kim, Samantha Subin, Jesse Pound, Lisa Kailai Han and Fred Imbert contributed reporting
