Take a look at the companies that made headlines before the opening bell: Applied Digital – Shares rose 30% after the data center maker reported that revenue in the first fiscal quarter was 84% higher than the comparable period last year. Stellantis – The French-Italian-American automaker reported a 13% gain in the third quarter, sending its shares up 1.3% in premarket trading. The jump in deliveries was led by new models and North American demand, a sign of business recovery after several quarters of declining sales. Synchrony Financial – Financials shares rose 1% thanks to HSBC's upgrade to buy out of hold. HSBC called the stock a preferred pick within the consumer finance space. Alibaba – Shares of the Chinese e-commerce giant fell nearly 2% overnight amid a broad sell-off in China. The stock is on track for the sixth negative session in a row. Doximity – The medical digital platform saw its shares tumble almost 5% after JPMorgan downgraded the stock from neutral to underweight. The Wall Street firm noted valuation issues, a competitive landscape and risks to digital pharmaceutical ad spend. Mosaic – Chemicals stocks fell more than 9% after the company reported disappointing third-quarter preliminary volumes. Mosaic said it experienced unexpected mechanical problems at its sulfuric acid plant in Riverview and utility outages in Bartow in mid-September, causing a significant drop in overall production for the remainder of the month. Levi Strauss – The denim apparel maker fell more than 7% after issuing weaker-than-expected fourth-quarter earnings guidance. Levi Strauss expects fourth-quarter earnings of 36 cents per share to 38 cents per share. Analysts polled by FactSet had forecast 41 cents per share. — CNBC's Fred Imbert, Alex Harring and Sarah Min contributed reporting.
