Check out the companies making the biggest moves in premarket trading: Rare earth stocks — Treasury Secretary Scott Bessent said Sunday he expects China to delay imposing strict rare earth export controls as part of a trade deal with the U.S., sending shares of rare-earth miners lower. United States Antimony tumbled nearly 15%, Critical Metals dropped 9% and USA Rare Earth fell 7%. MP Materials and Energy Fuels both shed about 4%. Avidity Biosciences — Avidity Biosciences soared nearly 44% after Novartis said it would buy the biopharmaceutical company for about $12 billion in cash. Novartis will pay Avidity shareholders $72 a share, a premium of 46% to Friday’s closing price. U.S.-listed shares of Novartis slipped 1.3%. Janus Henderson — Shares popped nearly 14% following a Bloomberg report that Nelson Peltz’s Trian Fund Management is working with investment firm General Catalyst to buy the remaining shares of Janus Henderson it doesn’t already own. The buyout offer values the asset manager at about $7 billion, according to Bloomberg, who cited people familiar with the matter. Lululemon Athletica — The athletic apparel maker gained 3.3% after it said it was partnering with the National Football League and Fanatics to launch an apparel collectio n for all NFL teams. Chip stocks — Semiconductors tied to China rose as a group after Treasury Secretary Scott Bessent said President Donald Trump and Chinese President Xi Jinping are set to reach a deal to avoid a new 100% U.S. tariff on Chinese goods and will likely meet in person soon. Shares of Advanced Micro Devices gained 2.5%, while Nvidia rose more than 2%. Broadcom shares also added more than 2%. Gold miners — Gold prices fell Monday amid a potential trade truce between the U.S. and China, causing the shares of gold miners to sink. Newmont , Coeur Mining and Hecla Mining all dropped about 5%, while Barrick Mining lost 3% Five Below — The discount retailer saw shares climb 3.8% after JPMorgan upgraded the stock to overweight. The Wall Street firm cited strong Halloween sales as a catalyst for the stock to outperform. Carter’s — The children’s clothing company reported worse-than-expected earnings for the third quarter, driving its shares down more than 7%. It reported $757.8 million in revenue for the quarter ended Sept. 27, or less than the Street’s expected $772.3 million. The firm also announced it would cut about 15% of its workforce by the end of 2025. Keurig Dr Pepper — The beverage company jumped 8.6% after its third-quarter revenue of $4.31 billion topped the $4.15 billion expected from analysts polled by FactSet. Keurig Dr Pepper also raised its full-year guidance to high-single-digit revenue growth from mid-single-digit revenue growth. The company’s adjusted earnings of 54 cents was in line with the consensus estimate. Revvity — The biotechnology company slipped nearly 2% following its third-quarter revenue miss. Revvity reported $699 million in revenue, versus the $699.4 million consensus estimate, per FactSet. It also lowered its revenue guidance to between $2.83 billion to $2.88 billion from its prior guidance of $2.84 billion and $2.88 billion. Earnings, however, beat expectations. Harley-Davidson — Shares of the motorcycle maker fell 2% on the back of a downgrade at Morgan Stanley to underweight from equal weight. The firm cited lower pricing power and weak secular trends for the call. Life Time Group Holdings — Morgan Stanley upgraded the health and fitness company to overweight from equal weight, sending shares nearly 5% higher. The firm’s analysts expect upside consensus estimates as new club growth improves membership trends. DoorDash — The delivery stock rose 2.9% after Goldman Sachs reinstated coverage at a buy rating. Goldman said industry research shows positive momentum in the delivery space and called DoorDash a category leader. Beyond Meat — The meme stock moved 5% lower after last week’s wild ride that ultimately saw shares end 238% higher for the week. GameStop — Shares rallied nearly 5% after the White House from its official X account reposted a statement from the retailer’s handle that the “console wars” are over with an AI-generated image of President Donald Trump as a character from video game franchise “Halo.” GameStop’s statement comes after Microsoft said that Xbox game Halo will be available on rival Sony’s PlayStation, the first time that the game will be available on a competing console. — CNBC’s Alex Harring, Yun Li, Sarah Min and Liz Napolitano contributed reporting. (Learn the best 2026 strategies from inside the NYSE with Josh Brown and others at CNBC PRO Live. Tickets and info here .)
