Try the businesses making headlines within the premarket Monday:
Ford Motor — The carmaker unveiled the Mustang Mach-E, Ford’s first all-electric SUV that begins at about $44,000. The Mach-E’s pricing, efficiency, and vary are anticipated to be comparable with the Mannequin Y, an upcoming SUV from Tesla.
Splunk — Shares of the info software program firm rose about 3% earlier than the bell on the again of a Morgan Stanley upgrade to “overweight” from “equal weight.” The analyst mentioned Splunk’s shift to a recurring gross sales mannequin probably reveals a “sturdy” annual recurring income of no less than 25%.
Five Below — An analyst at J.P. Morgan added the low cost retailer firm to his “focus list,” citing potential upside to Wall Avenue’s consensus estimate round 5 Beneath’s same-store gross sales.
Fitbit — A number of Fitbit customers instructed CNBC they had been looking for a substitute for the corporate’s health trackers after Alphabet’s Google introduced its buy of the corporate earlier this month. The customers mentioned they’re eliminating their Fitbit trackers because they don’t trust the search giant.
Workday — An analyst at Morgan Stanley downgraded Workday’s inventory to “equal weight” from “overweight,” noting that slowing momentum within the human capital administration section and “a harder spending setting lead us to trim our near-term forecasts.” Shares fell practically…