Investors should keep an eye on the notable premarket movers. Tesla shares dipped by more than 3% after Morgan Stanley downgraded the electric-vehicle maker to equal weight, citing its lofty valuation after the recent artificial intelligence-driven rally. Darden Restaurants retreated nearly 4%, despite beating analysts' expectations for the fiscal fourth-quarter in terms of earnings. It's full-year earnings guidance was slightly higher than FactSet's consensus estimate, and it also increased its quarterly dividend. Overstock.com climbed around 10% after it won the auction for Bed Bath & Beyond's digital assets and intellectual property. NRG Energy added 3%, following a Wall Street Journal report that Elliott Investment Management is pushing to oust the CEO and other top executives. Meanwhile, Anheuser-Busch Inbev gained 2% due to an upgrade from Deutsche Bank to buy, while Alcoa slumped 3.5% after it was downgraded by Morgan Stanley to underweight. KB Home slipped nearly 2% after posting an impressive earnings beat, while Spirit AeroSystems crashed 9% as production in its Kansas factory was suspended due to an impending strike. Accenture shares decreased by 4% despite delivering a solid third quarter, but forecasting lower-than-expected growth for next year.
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