Check out some of the companies making headlines before the stock market’s opening bell: Ferrari — Shares of the Italian luxury carmarker fell 3% after Ferrari launched its first fully electric vehicle , called Luce, at a venue in Rome. Lear Corp. — Shares gained 2%. TD Cowen upgraded Lear to buy from hold, saying the auto parts supplier is “well-positioned” in North American auto production, which the investment bank expects will be stronger than expected. Semiconductors — Chip stocks rose premarket on hopes that the war in Iran would soon come to an end. Shares of Micron Technology were higher by more than 6%, while Qualcomm and Advanced Micro Devices were higher by more than 3%, each. Oil stocks — Energy companies declined, with Exxon Mobil and Chevron falling 1%. Space stocks — Space stocks rose, with Intuitive Machines rallying 10% and AST SpaceMobile gaining 6%. Cantor Fitzgerald is bullish on the group, citing a $90 million contract awarded to Rocket Lab by the U.S. Space Force for two geospatial satellites and Intuitive Machines reaffirming fiscal year guidance and expecting a contract decision on a Lunar Terrain Vehicle later this week. — CNBC’s Nicholas Wells contributed reporting
