Check out the companies making the biggest moves in pre-market trading: Rare Earth Stocks — Treasury Secretary Scott Bessent said Sunday that he expects stocks of rare earth mining companies to fall as China delays imposing tough rare earth export controls as part of its trade deal with the United States. U.S. antimony fell nearly 15%, critical metals fell 9% and U.S. rare earths fell 7%. MP Materials and Energy Fuels both fell about 4%. Avidity Biosciences — Avidity Biosciences soared nearly 44% after Novartis announced it would acquire the biopharmaceutical company for about $12 billion in cash. Novartis will pay Avidity shareholders $72 per share, a 46% premium to Friday’s closing price. Novartis’ U.S.-listed shares fell 1.3%. Janus Henderson — Shares soared nearly 14% after Bloomberg reported that Nelson Peltz’s Trian Fund Management is working with investment firm General Catalyst to buy the remaining shares in Janus Henderson it doesn’t already own. The proposed deal values the asset manager at about $7 billion, Bloomberg reported, citing people familiar with the matter. Lululemon Athletica — The sports apparel maker rose 3.3% after announcing it would partner with the National Football League and Fanatics to launch an apparel collection for all NFL teams. Chip stocks — China-related semiconductor stocks rose across the board after Treasury Secretary Scott Bessent said President Donald Trump and Chinese President Xi Jinping plan to reach a deal to avoid new 100% U.S. tariffs on Chinese goods and are likely to meet in person soon. Advanced Micro Devices shares rose 2.5%, and Nvidia rose more than 2%. Broadcom stock also rose more than 2%. GOLD MINER — Gold prices fell on Monday on the back of a possible trade truce between the U.S. and China, pushing gold miner stocks lower. Newmont, Cool Mining and Hecla Mining all fell about 5%, while Barrick Mining fell 3%. 5 Down — The discount retailer’s stock rose 3.8% after JPMorgan upgraded the stock to overweight. The Wall Street company cited Halloween sales as a factor in the stock’s outperformance. Carter’s — The children’s clothing company reported lower-than-expected earnings in the third quarter, and its stock price fell more than 7%. The company reported revenue of $757.8 million for the quarter ending Sept. 27, missing the Street’s estimate of $772.3 million. The company also announced that it will cut approximately 15% of its workforce by the end of 2025. Keurig Dr. Pepper — The beverage company soared 8.6% on third-quarter sales of $4.31 billion, beating the $4.15 billion expected by analysts surveyed by FactSet. Keurig Dr Pepper also raised its full-year outlook from mid-single-digit sales growth to high-single-digit sales growth. The company’s adjusted earnings were 54 cents, in line with consensus estimates. Revvity — The biotech company fell nearly 2% after poor third-quarter earnings. Revvity reported revenue of $699 million, according to FactSet. The consensus estimate was $699.4 million. The company also lowered its sales forecast to $2.83 billion to $2.88 billion from the previous estimate of $2.84 billion to $2.88 billion. However, revenue exceeded expectations. Harley-Davidson — The motorcycle maker’s stock fell 2% after Morgan Stanley downgraded it from equal weight to underweight. The company cited reduced call pricing power and weaker long-term trends. Lifetime Group Holdings — Morgan Stanley upgraded the health and fitness company from equal weight to overweight, sending the stock up nearly 5%. The company’s analysts expect consensus forecasts to be revised upwards as new club growth improves membership trends. DoorDash — Delivery stock rose 2.9% after Goldman Sachs restored coverage to a buy rating. Goldman said industry research shows positive momentum in the delivery space and rated DoorDash as a category leader. Beyond Meat — The meme stock was down 5% after last week’s wild rise, and the stock ultimately ended the week 238% higher. GameStop — Shares rose nearly 5% after the White House reposted a statement from the retailer’s handle from its official X account that the “console wars” were over, and the White House added an AI-generated image of President Donald Trump as a character from the video game series “Halo.” GameStop’s statement comes after Microsoft announced that its Xbox game Halo will also be available on rival Sony’s PlayStation, marking the first time the game has been available on a competing console. —CNBC’s Alex Harring, Yun Li, Sarah Min and Liz Napolitano contributed reporting. (Learn the best strategies for 2026 from inside the New York Stock Exchange with Josh Brown and more on CNBC PRO Live. Tickets and information here.)
